The High Price of Claiming Fake Deductions and Exemptions in ITR
Income TaxThe Risks and Consequences of Filing Fake Deductions and Exemptions on Your Income Tax Return Filing an income tax return […]
Income Tax
Stay updated with the latest Income Tax news, tips, and insights.
Condonation of Delay in Filing Refund Claims and Carry Forward of Losses
Income TaxRevised monetary limit for the condonation of delay in filing refund claim and claim of carry forward of losses The CBDT
Exemption for leave encashment increased to Rs. 25 lakhs
Income TaxCBDT vide notification No 31/2023 dated 24/05/2023 have increased threshold exemption limit prescribed under clause II of section 10 (10AA).
PF payment due dates for the FY 2022-23 for reporting u/s 36(1)(va)
Corporate Laws, Income TaxPF payment due dates for the FY 2022-23 for the purpose of tax audit reporting Reporting under clause 20 (b)
Cost Inflation Index for the FY 2023-24
Income TaxCost inflation index (CII) is required to calculate the inflation-adjusted cost of asset acquisition/ improvement for computation of long term
Is Income of a producer company exempt?
Corporate Laws, Income TaxWhat is a producer company? A producer company is a type of company recognized under the Companies Act, 2013 in
Partial relaxation for electronic filing of form 10F
Income TaxPartial relaxation for electronic filing of form 10F CBDT wide notification no 03/2022 dated 16th July 2022 had notified filing
Tax audit due date extended for the FY 2021-22
Income TaxCBDT has extended due date for filing various forms for the FY 2021-22 Noting the hardships of taxpayers & IT
Time limit for filling form 67 for claiming foreign tax credit increased
Income TaxForm 67 can now be furnished on or before the end of the relevant Assessment Year CBDT vide notification no