The CBDT Vide Circular No.10/2024, has extended the Due date for filing of reports of Audit for the Previous year 2023-24, which was on 30th September 2024, in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to 07thOctober 2024. For the Circular No.10/2024,…
Read moreTax Clearance Certificate – Quick Reference
TDS on Payments to Partners – Section 194T
We would like to share that, Finance Act 2024 has inserted New Section194T, which requires Partnership Firms including LLP to Deduct TDS on Payment to Partners.
Read moreKey Highlight of Budget 2024
The Hon’ble Union Finance Minister Smt. Nirmala Sitharaman introduced the Finance Bill 2024 in Parliament on 23rd July 2024. For the Key Highlights, Click Here
Read moreProcedure – Payment of Taxes Online
The Following are the Steps to be followed for payment of Taxes online by Tax payers Other than compaines. Enter https://www.incometax.gov.in/iec/foportal Click on e-pay Tax (bottom left hand corner) click on “Click here to go to NSDL (Protean) tax payment page for other banks “ Select CHALLAN NO./ITNS 280 Select (0021) Income Tax (Other than Companies) Type of Payment : (Code :…
Read moreLate fees for Delayed/Non linking of PAN with Aadhaar
CBDT vide notification Number 17/2022 Dated 29-03-2022 has notified late fee for Delayed/Non linking of PAN with Aadhaar. The due date for such linking is 31-03-2022 and if a person intimates his Aadhaar number after the due date, then he shall be liable to pay a fee of: Rs. 500, if such intimation is made…
Read moreCondonation of Delay – Filing Form 10-IC For A Y 2020-21
CBDT vide Circular No 6/2022 Dated 17th March 2022 has decided to Condone the delay in Filing form 10-IC for the AY 2020-21 (First Year of Filing of this Form.) As per Section 115BAA a Domestic Company has an option to pay tax at a concessional Rate of 22% subject to satisfaction of certain condition….
Read moreITR Verification for AY 2020-21
The CBDT has given a last opportunity to taxpayers to verifiy/e-verify ITRs filed for AY 2020-21 and last date for the same is 28th February 2022.
Read moreFinance Bill 2022
Hon’ble Union Finance Minister Smt. Nirmala Sitharaman introduced the Finance Bill 2022 in Parliament on 01st February 2022. For the Finance Bill 2022, Click on the link Below
Read moreUDIN Updates
Last Date of updation of UDINs at e-filing Portal The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 30th April, 2022. For the Announcement, Click Here: https://www.icai.org/post/last-date-of-updation-of-udins-at-e-filing-portal-300422 2. FRN will be compulsory field for UDIN Generation Firm Registration Number (FRN) will be a compulsory…
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