Category: Income Tax
Enjoying Diwali gifts? Beware of tax implications | The Financial Express
lipped from: https://www.financialexpress.com/money/income-tax/enjoying-diwali-gifts-beware-of-tax-implications/2721537/ Not only to family members, as per their financial capacities, people give gifts to improve business relations and to make friends and neighbours
What is the difference between belated, revised and updated ITRs? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-is-the-difference-between-belated-revised-and-updated-itrs/articleshow/94825708.cms Synopsis An individual can file original income tax return (ITR) on or before July 31, unless extended by the income tax department. However,
Moonlighting income tax implications: Moonlighting along with a regular job? Know the income tax implications | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/moonlighting-income-tax-implications-tax-calculation-you-should-know/2712845/?ref=Must_Read Know how tax on income come salary and moonlighting will be calculated. Know the tax implications of moonlighting along with a regular job.
Your queries: Income tax – You have to pay tax on interest earned on Section 54EC bonds
https://www.financialexpress.com/money/income-tax/your-queries-income-tax-you-have-to-pay-tax-on-interest-earned-on-section-54ec-bonds/2697520/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/dTPgWh2QvXwQNTDy9
Tax Talk: Diwali gift from a business associate could be taxable
https://www.financialexpress.com/money/income-tax/tax-talk-diwali-gift-from-a-business-associate-could-be-taxable/2707412/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/557iRFiUEYjZV6ed7
CBIC waives Interest on delayed payment of taxes via Sabka Vishwas Scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/interest-on-delayed-payment-of-tax-dues-can-be-waived-off-under-sabka-vishwas-legacy-dispute-resolution-scheme-cbic/article65980564.ece Move will benefit assessees, say experts Following an order by Madhya Pradesh High Court, the Central Board of Indirect Taxes & Custom has
Tax Query: Can mistakes in ITR filing for AY 2020-21 be rectified now?
Tax Query: Can mistakes in ITR filing for AY 2020-21 be rectified now? : https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-can-mistakes-in-itr-filing-for-ay-2020-21-be-rectified-now/article65981192.ece
CBIC waives Interest on delayed payment of taxes via Sabka Vishwas Scheme
CBIC waives Interest on delayed payment of taxes via Sabka Vishwas Scheme: https://www.thehindubusinessline.com/economy/interest-on-delayed-payment-of-tax-dues-can-be-waived-off-under-sabka-vishwas-legacy-dispute-resolution-scheme-cbic/article65980564.ece
No Tax Liability on Compensation received towards Interest cost, Insurance cost, cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT
Clipped from: https://www.taxscan.in/no-tax-liability-on-compensation-received-towards-interest-cost-insurance-cost-cost-of-modification-and-validation-of-the-assets-warranty-restating-etc-itat/194439/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Tax%20Liability%20on By Taxscan Team – On September 23, 2022 1:58 pm The Income Tax Appellate Tribunal (ITAT) Mumbai bench has held that no tax liability on compensation received towards interest cost,
Understanding on TDS under GST
Clipped from: https://taxguru.in/goods-and-service-tax/understanding-tds-gst.html TDS under GST is applicable since 1st October 2018. As per GST Law- Certain categories of registered persons will be require to deduct taxes while