Extension of due date of furnishing of Income Tax Returns and Audit Reports

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due…

Cost Inflation Index From FY 2001-02 to 2020-21

Sl. No. Financial Year Cost Inflation Index 1 2001-02 100 2 2002-03 105 3 2003-04 109…

Finance Minister Announce Measures For Relief and Credit Support Related to Businesses, Especially MSMEs to Support Indian Economy’s Fight Against COVID-19

Hon’ble Prime Minister Shri Narendra Modi yesterday announced a Special economic and comprehensive package of Rs…

Direct Tax Measures – Special Economic and Comprehensive Package of Rs 20 Lakh Crores Dated 13.05.2020

TDS/TCS Rs 50,000 crores liquidity through TDS/TCS rate reduction In order to provide more funds at…

Clarification In Respect of Residency Under Section 6 of The Income Tax Act, 1961

Number of individuals who had come on a visit to India during the previous year 2019-20…

New Procedure For Registration, Approval, etc. U/s 10(23C), 12AA, 35 and 80G Deferred

CBDT has decided that the implementation of new procedure for approval/ registration/notification of certain entities shall…

Clarification Regarding Short Deduction Of TDS/TCS Due To Increase In Rates Of Surcharge By Finance (No.2) Act, 2019

Issue: Several cases have come to the notice of the Central Government wherein deductors/collectors were held…

CBDT Deferred the Implementation Of GAAR And GST Details In Form 3CD

Due to COVID19 pandemic across the country, it has been decided by the Board that the…

Apply PAN Card For Free

This facility is for allotment of Instant PAN (on near-real time basis) for those applicants who…

Calculate Tax Of New Regime And Old Regime

A new Income Tax Calculator for Resident Individual has been put on Income Tax E-filling Web…