7 checkpoints to note before filing ITR for FY 2020-21

The last due date for filing income tax returns for the FY…

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

High-value transaction that can invite income tax notice for you

The income tax department tracks all your high-value transactions through various sources.…
Tax Exemption

Tax deducted on dividend income – How to get relief if income is below the basic exemption limit?

The income tax department has upgraded Form 26AS to simplify the return…
Tax Exemption

How the Income Tax Department Traces Your Transactions

The income tax department receives information about specific transactions through their sources.…

Investments held in joint ownership? Here is what you should know

Many individuals have joint investments in mutual funds, equity shares, gold or…

GST Turnover in Form 26AS Will Lead to More Transparency

The Department of Revenue (DoR) released a statement saying that the data…

Form 26AS to include details of high-value transactions

The income tax department is streamlining taxpayer information, reporting of income and…

New Form 26AS notified with effect from 1 June 2020

Form 26AS is an annual statement stating the tax payment details including…
Statistics Study

Taxpayer compliance likely to increase with annual information statement

The Government of India has announced measures for collection and compilation of…