The CBDT on 30th June, 2021, has issued a set of guidelines in regards to the application of Section 194Q w.e.f. 1st July, 2021 vide Circular No. 12/2021.
In case of TDS/TCS for claiming refund you have to file your return of income within due date as prescribed under provisions of Section 139 of the IT Act, 1961....
In this article we are going to discuss important aspects of provisions of section 179 of the Income Tax Act, 1961.
2 important tax laws related to income taxable under the head PGBP has been discussed in this article.
As the due date for filing of return is just around the corner and most of you would be in a hurry to file their return of income, here are a few things related to your return of income that nobody advises you about. Take a pause and have a look at it before you file your return of income.
Few of the problems listed out are as below which calls for immediate resolution or for extension of the return filing dates.
The Central Board of Direct Taxes (CBDT) has rolled out the e-Verification Scheme, 2021 for the Collection of Information of Assessee by the Assessing Officer (AO).
The main objective of the 'Annual Information Statement' is to provide comprehensive tax information to the taxpayer and also to promote voluntary compliance as well as seamless prefiling of the income tax return (ITR).
ESOPs have been a significant component of the compensation for the employees of start-ups, as it allows the founders and start-ups to employ highly talented employees at a relatively low salary amount with balance being made up via ESOPs.
Income tax department collects information about income received and material transactions carried out by an individual during the financial year through various sources and compiles the information collected in a summary form and presents it in a form of a statement called Annual Information System.
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