Category: Income Tax

Clipped from: https://taxguru.in/income-tax/annual-information-statement-ais-income-tax-faqs.html?utm_source=feedburner&utm_medium=email This article answer FAQs on Annual Information Statement (AIS), Taxpayer Information Summary (TIS), Accessing AIS on Portal, Viewing Annual Information Statement (AIS) through

Clipped from: https://economictimes.indiatimes.com/news/economy/finance/investors-rush-to-seek-tax-advice-on-crypto-investments/articleshow/87769670.cmsSynopsis Tax experts are divided as to whether the returns from crypto assets must be categorised as capital gains-what is applicable on assets such

Clipped from: https://www.financialexpress.com/money/income-tax/tax-talk-know-how-to-compute-tax-on-income-from-freelancing/2369936/ Income from freelancing has to be reported under the head “Profits and Gains from Business or Profession”. With effect from financial year 2020-21,

Clipped from: https://indianexpress.com/article/india/it-notices-to-indians-nris-pandora-papers-7624699/ Notices ask if foreign assets declared; responses from overseas trickle in It is understood that notices have been sent under Section 131 of

lipped from: https://maharashtratimes.com/business/paishacha-jhad/know-about-different-types-of-income-tax-notice/articleshow/87708955.cms?utm_source=briefs प्राप्तिकर विभागाकडून वेळोवेळी करदात्यांना नोटिसा पाठवल्या जातात. प्रत्येकवेळी पाठवण्यात येणाऱ्या नोटिसीमागे काहीएक कारण असते. नेहमीच करदात्याला त्रास देण्याचा उद्देश असतो हा समज चुकीचा

Clipped from: https://www.financialexpress.com/money/income-tax/taxpayers-can-now-access-new-i-t-annual-info-statement-on-e-filing-portal/2368962/ The Budget for 2020-21 had announced the revised Form 26AS, giving a more comprehensive profile of the taxpayer, going beyond just the details

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-to-save-real-estate-capital-gain/article37476049.ece I have a house and a flat, and the same are declared in my IT returns every year. Last financial year, I have

Clipped from: https://www.thehindubusinessline.com/business-laws/legitimate-tax-planning-not-taboo/article37048314.ece The Supreme Court, in a landmark judgment in the 1985 case of CTO Vs McDowell and Co Ltd, declared that “it is the

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/all-you-wanted-to-know-about-tax-relief-on-capital-gain/article37360112.ece?homepage=true An individual is eligible for relief on capital gains tax on sale of a residential property if s/he has purchased another residential property

Clipped from: https://www.thehindubusinessline.com/business-laws/not-a-business-activity/article36813151.ece A single transaction of buying and selling shares does not constitute a business activity, the Chennai bench of the Income Tax Appellate Tribunal

Clipped from: https://www.business-standard.com/article/pf/new-annual-information-statement-allows-you-to-get-mistakes-rectified-121110400362_1.html Make sure the information in your income-tax return and in this statement match, or you could get a tax notice Even if a

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-notifies-e-settlement-scheme-for-taxpayers/articleshow/87498231.cmsSynopsis The relief was given to taxpayers who were eligible to file application as on January 31, 2021, but could not file the same