Disallowance of Bonus / Commission paid u/s. 36(1)(ii) Download PDF:-
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TAX Update
Insertion of Rule 12AC to Income Tax Rules, 1962
Central Board of Direct Taxes (CBDT) has issued Notification No. 48/2022 on 29th April, 2022 through which Central Government has introduced…
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Insertion of Rule 12AB to Income Tax Rules, 1962
Central Board of Direct Taxes (CBDT) has issued Notification No. 37/2022 on 21st April, 2022 through which Central Government has introduced…
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Taxability of Interest on PF contributions effective from FY 2021-22
CBDT has issued Notification No. 95 of 2021 dated August 31, 2021 (‘the Notification’) introducing new Rule 9D of the…
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Taxation of Virtual Digital Asset (VDA) in India
Government of India has introduced a new regime to tax “Virtual Digital Asset” for the taxpayers in the Union Budget…
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Payment received for providing access to Computer Software does not fall within the ambit of the term “Royalty”
The Hon’ble High Court has reversed the ruling given by Authority of Advance Ruling (AAR) and held that the payment…
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CBDT Notification No. 77 of 2021 dated July 7, 2021
CBDT Notification No.77 of 2021 dated July 7, 2021 regarding Computation of short term capital gains and written down value…
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CBDT extends due dates for electronic filing of various Forms under the Income Tax Act, 1961 vide Circular No. 15/2021 dated 03-08-2021
Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms…
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CBDT Circular No. 12 of 2021 dated June 25, 2021 and Notification Nos. 74 and 75 of 2021.
CBDT Circular No.12 of 2021 dated June 25,2021 with Notification Nos 74 and 75 of 2021, regarding extensions in time limit…
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De-stressing the taxpayer by providing extension in time limits of certain compliances
The CBDT vide its circular no. 9/2021 dated 20th May, 2021 has provided the extension in time limits of certain compliances in…
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Notification regarding Significant Economic Presence
The Reserve Bank of India has issued threshold limit to determine Significant Economic Presence in India Download PDF:-
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Circular regarding extension of due dates
CBDT has issued circular in order to extend thedue date of various statutory and regulatory compliance Download PDF:-
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Supreme Court extends the limitation period under all special & general laws.
The Supreme Court on 27th April,2021 has extended the limitation period for filing of cases in courts and tribunals with…
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Employability of Deduction on Additional Employee Cost
In the times of rising unemployment, Section 80JJAA is an attempt to provide succor to the enterprises by allowing 30%…
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Statement of Financial Transaction
Dear Sir/Madam, This is in connection with the Statement of Financial Transaction (‘SFT’) to be filed by 30 June 2020for…
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Clarification on refund of charges imposed by banks on the prescribed e-modes under section 269SU
For encouraging a move towards a digital and cashless economy Sec 269SU had been inserted into the Income Tax Act…
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Extension of date of filing of Income Tax Return AY 2019-20
After the original due date of filing of Income Tax return, returns can be filed on or before 31st March…
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Extension of TDS & TCS filing dates
– Recently, Central Board of Direct Taxes (CBDT) vide notification No 35/2020 dated 24 June 2020 has extended the due…
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