With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and reduce tax evasion, a new reward scheme titled “Income Tax Informants Reward Scheme, 2018” has been issue
All ITR 1 to 7 available for efiling now
Extension of time by three months of the Task Force for drafting a New Direct Tax LegislationA Task Force was constituted by the Government of India in November, 2017 to review the existing Income-Tax Act, 1961 and to draft a New Direct Tax law in co
ITR 1, 2, 3 and 4 for AY 2018-19 is now available for e-Filing
Instructions for filling out FORM ITR-2&3 (A.Y 2018-19)PFA the attachment to know in details
ITR 1: For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakhITR 2: For Individuals and HUFs not having income from pr
ITR 4 for AY 2018-19 is now available for e-Filing. The same can be downloaded from the attachment below.Other ITRs will be available shortly.
New PAN allotment and Change request applications with 'gender' as 'transgender' is allowed without any hassle. Also, there is no requirement of depositing any supporting document for change of 'gender' to 'transgender'
Finance Act, 2018 has inserted clause (via) to section 28 of the Income-tax Act, 1961 (‘the Act’) so as to provide that any profit and gains from conversion of inventory into capital asset or its treatment as capital asset shall be charge
The Finance Act, 2018 has withdrawn the exemption under clause (38) of Section 10 of the Income-tax Act, 1961 (the Act) and has introduced a new section 112A in the Act, to provide that long term capital gains arising from transfer of a long-term cap