#incometax

Certain tax benefits and compliance reliefs for the taxpayers, in the view of Covid19, have been announced by the government to give relief to the taxpayers. Key Points in the Announcement:- 1) The press release said that it has…

A new e-filing website for Income Tax Returns (ITRs) has been launched by the Income Tax Department on Monday, June 7, 2021. New e-filing Portal The new e-filing portal comes with new features which are expected to make the ITR…

Income-Tax department keeps a tab on high value cash-related transactions such as banks, mutual fund houses, brokerages and registrar of properties. Such big-ticket transactions, beyond a certain limit, are reported to IT department. …

On Saturday, government in a statement informed that in the light of the prevailing coronavirus disease (Covid-19) situation, timelines for certain compliances have been extended after receiving requests from taxpayers, tax consultants…

In the wake of second wave of Covid in India, as many as 11 compliances under Goods and Services Tax (GST) and 15 compliances under the Income Tax Act have been requested to the government to be deferred by a period of three months by…