How to rectify mismatch in details of Form 26AS and Form 16

The last date of ITR filing for FY 2020-21 is nearing, and…

ITR Filings: Remember to Include These Incomes

The Central Board of Direct Taxes has extended the deadline for filing…

CBDT extends timeline of certain forms

As the taxpayers face difficulties filing the income tax compliance forms on…

CBDT further extends Form 15CA/CB dates

The income tax department has been working on fixing the issues faced…
Tax Exemption

Goodwill depreciation: CBDT inserts new rules for computing STCG and WDV

The Central Board of Direct Taxes notified the computation mechanism of written…
Tax Exemption

IT department extends manual filing of IT Forms 15CA/15CB

The income tax department announced that the taxpayers can submit a manual…

Last Date to Issue Form 16 by Employers for FY 2020-21 Extended

According to a recent CBDT announcement, the last date to file ITR…
Tax Exemption

New TDS provisions will reinforce the reconciliation of data

Tax deducted at source (TDS) and tax collected at source (TCS) play…
Tax Exemption

CBDT issues guidelines under section 194Q

The income tax department issued a circular dated 30th June 2021 laying…

Who Can Opt for the Presumptive Taxation Scheme For Professionals?

Under the Income Tax Act, a presumptive taxation scheme has been notified…