Procedure – 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 :…

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Late 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…

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Condonation 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….

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ITR 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.

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Finance 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

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UDIN 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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Income Tax – Extension of Time Limits

In view of difficulties reported by the taxpayers and other stakeholders in electronic filing of various Reports of Audit, CBDT has extended time limits of certain compliances under Income Tax. Some of the important points are highlighted here: Return of Income for Certain Assessees for the Assessment Year 2021-22 The due date of Filing Return of Income for…

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Income Tax – Extension of Time Limits

In view of difficulties reported by the taxpayers and other stakeholders in electronic filing of Income-tax returns and various Reports of Audit, CBDT has extended time limits of certain compliances under Income Tax. Some of the important points are highlighted here: 1. Return of Income of Regular Assessees for the Assessment Year 2021-22 The due date of furnishing…

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Income Tax – Extension of time limits for electronic filing of various forms

In view of difficulties arising due to technical glitches in the Income Tax e-filing portal, CBDT has extended time limits for electronic filing of various Forms under Income Tax. 1. Furnishing of Form No. 10A The application for registration / intimation / approval under Section 10(23C), 12A, 35(1)(ii)/(iia)/(iii) or 80G of the Act in Form No. 10A required to…

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