Middle Image
   Login  |  Register  |  Forgot Password 
Below Login Ad

News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : Income Tax

Income tax department launches tool to calculate TDS rate on cash withdrawals under new tax rules
Posted Date : 05-Jul-2020 , 10:57:00 am | Posted By CASANSAAR

The income tax department has made the calculation of TDS (tax deducted at source) on cash withdrawals easier for banks and other financial institutions. A tool to calculate the TDS rate under Section 194N has been enabled in the income tax department's e-filing portal. However, this tool has...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 560

Income Tax dept refunds Rs 62,361 Cr during lockdown - CBDT
Posted Date : 04-Jul-2020 , 09:49:50 am | Posted By CASANSAAR

Income tax department has issued Rs 62,361 crore of pending refunds to 20.44 lakh taxpayers between April 8 and June 30, the Central Board of Direct Taxes (CBDT) said Friday. "In order to help taxpayers in a Covid-19 pandemic situations, the department has issued tax refunds at a speed of 76...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 179

CBDT notifies certain exemptions to employees opting for lower Income Tax regime
Posted Date : 29-Jun-2020 , 09:56:34 am | Posted By CASANSAAR

The government has allowed individuals under new lower tax regime to claim I-T exemption on conveyance allowance received from employers. The Central Board of Direct Taxes (CBDT) has now amended Income Tax rules to prescribe certain exemptions which can be availed by the employees. These inclu...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1640

Further extension of various time limits under Direct Tax & Benami laws
Posted Date : 24-Jun-2020 , 09:42:49 pm | Posted By CASANSAAR

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 [the Ordinance] on 3...

Continue Reading...

Category : Income Tax | Comments : 1 | Hits : 848

Principal Income Tax commissioner commits suicide in Delhi.
Posted Date : 28-May-2020 , 08:39:24 am | Posted By CASANSAAR

A principal tax commissioner posted at the income tax office has committed suicide at his residence in Bapu Dham, Chanakyapuri. He was found hanging in his bedroom using a bed sheet. A suicide note has been found from his room. The man Keshav Saxena (57) was found hanging in his room by his wife ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1636

Retailers, small businesses not registered as MSMEs eligible for emergency credit
Posted Date : 27-May-2020 , 10:52:50 am | Posted By CASANSAAR

The Rs 3 lakh crore emergency credit borrowing scheme for Micro, Small and Medium Enterprises (MSMEs) announced by the govt on May 12 will also cover retailers and other businesses. Retail businesses devastated by the 62-day lockdown have been declared eligible for the scheme, although they are n...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 780

Income Tax dept issues refunds of Rs 26,242 crore since April
Posted Date : 23-May-2020 , 09:49:26 am | Posted By CASANSAAR

The tax department on Friday said it has issued I-T refunds of Rs 26,242 crore to 16.84 lakh taxpayers since April as part of efforts to hasten refund process for making liquidity available with people and firms to deal with COVID-19 crisis. The Central Board of Direct Taxes (CBDT) said 16,84,298...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 311

Govt cuts TDS, TCS rates for non-salaried payments by 25%
Posted Date : 13-May-2020 , 05:57:27 pm | Posted By CASANSAAR

In order to provide more funds at the disposal of the taxpayers, the government reduced rates of Tax Deduction at Source (TDS) for non-salaried specified payments made to residents and rates of Tax Collection at Source (TCS) for the specified receipts by 25 percent of the existing rates. The paym...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 559

Trust for Ayodhya temple gets special Income Tax exemption
Posted Date : 09-May-2020 , 10:12:43 am | Posted By CASANSAAR

Donors contributing to the Shri Ram Janmabhoomi Teerth Kshetra, set up on February 5 this year, to build a temple in Ayodhya, will be granted tax exemption under Section 80G of the Income-tax Act from financial year 2020-21. In a notification on Friday, the Central Board of Direct Taxes notified ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 301

Govt may raise up to Rs 10,000 Cr via tax-free bonds
Posted Date : 02-May-2020 , 11:10:06 am | Posted By CASANSAAR

The government is seeking to raise up to Rs 10,000 crore in its maiden tax-free bond issue to help bridge the fiscal gap, which is set to widen in the aftermath of Covid-19-induced economic disruptions and low tax collections. The finance ministry has begun negotiations with bankers on a likely t...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1279

Search and Seizure under Income Tax
Posted Date : 24-Apr-2020 , 10:57:10 am | Posted By CASANSAAR

Law Relating to Search and Seizure under Income Tax Explained by Dr.(CA) Rakesh Gupta, Ex Member - ITAT (Income Tax Appellate Tribunal). https://youtu.be/16zBYHC68Ks ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 286

Procedure for Registration of Charitable and Religious entities
Posted Date : 19-Apr-2020 , 10:08:22 am | Posted By CASANSAAR

Procedure for Registration of Charitable and Religious entities (Trust or Societies) under Income Tax Act, 1961 as per the Finance Act, 2020 discussed by CA. Vidhu Duggal. Watch this Video,,,, https://youtu.be/BQscM2t3g3U ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 486

Recent Judicial Pronouncements from Business Head | Income Tax Act
Posted Date : 15-Apr-2020 , 10:48:40 am | Posted By CASANSAAR

Separate Recent Judicial Pronouncements from Business Head of Income Tax Act 1961 discussed by CA.(Adv) Kapil Goel. https://youtu.be/m2JFa1Jzdz4 Dont forget to like the video and Subscribe CA Sansaar YouTube Channel. ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 342

Revolutionary Section for CA Practitioners | Section 80JJAA | Income Tax Act
Posted Date : 14-Apr-2020 , 09:04:41 am | Posted By CASANSAAR

Revolutionary Section for CA Practitioners - Section 80JJAA of the Income Tax Act, 1961 discussed by CA. Vipin Garg. https://youtu.be/K-1_xFg8m80 *Dont forget to Like the Video and Subscribe CA Sansaar YouTube Channel* Stay Home, Stay Safe, Stay Updated. (We Care for You)  ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 576

Penalty for False Entry or Omission of any entry | Section 271AAD | Income Tax Act
Posted Date : 10-Apr-2020 , 10:59:01 am | Posted By CASANSAAR

Penalty for False Entry or Omission of any entry under section 271AAD of the Income Tax Act,1961. Penalise person maintaining books of account in case of a false entry or omission of an entry relevant for computing total income. Dangerous Provision under Finance Act, 2020 - Penalty for False E...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 277

Income tax dept asks taxpayers to keep their e-filing account safe
Posted Date : 09-Apr-2020 , 09:12:36 am | Posted By CASANSAAR

The income tax department has asked taxpayers to be careful with their income tax e-filing account and report account misuse by any unauthorised person. "If you think your e-Filing account may have been compromised or accessed in an unauthorized manner, then you may be a victim of cybercrime. P...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 885

Suggestions are welcomed for better implementation of Vivad Se Vishwas scheme - CBDT
Posted Date : 07-Apr-2020 , 09:46:29 am | Posted By CASANSAAR

The government is open to suggestions from stakeholders for better implementation of the direct tax 'Vivad Se Vishwas' scheme, Central Board of Direct Taxes Chairman P C Mody said on Monday. The government has launched the Vivad Se Vishwas scheme for resolution of pending litigation by payin...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 371

SC quashes tax Reassessment Notice to NDTV vver money laundering case
Posted Date : 04-Apr-2020 , 11:05:10 am | Posted By CASANSAAR

he Supreme Court on Friday quashed a notice sent by the income tax (I-T) department to media company NDTV, which sought a re-assessment of the company’s income for the 2006-2007 financial year. The apex court dismissed the notice – which had alleged round-tripping of money by the news...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 791

Donation to PM CARES Fund to be fully exempted under section 80G of I-T Act
Posted Date : 01-Apr-2020 , 11:56:21 am | Posted By CASANSAAR

As the date for claiming deduction under section 80G of the IT Act has been extended up to June 30, the donation made up to that date will also be eligible for deduction from income of FY 2019-20. Anyone contributing to PM CARES Fund (Prime Minister’s Citizen Assistance and Relief Emergency...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 2588

Govt issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020
Posted Date : 01-Apr-2020 , 11:08:05 am | Posted By CASANSAAR

In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak, the govt has brought in an Ordinance o...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 698

Income Tax dept asks officers working from home to chase large taxpayers for dues
Posted Date : 31-Mar-2020 , 10:03:38 am | Posted By CASANSAAR

A three-month extension in deadlines for tax payment and filing of returns notwithstanding, the Income-Tax Department has asked field formations to contact large taxpayers over phone or email to follow up on pending collections. Rakesh Gupta, Commissioner of Income Tax (Coordination & Systems), ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1381

Impact of Corona Virus on Financial Reporting and the Auditors Consideration
Posted Date : 27-Mar-2020 , 10:45:01 am | Posted By CASANSAAR

ASB & AASB of ICAI have released *Impact of Corona Virus on Financial Reporting and the Auditors Consideration*   The advisory has been prepared for: 1. Entities to whom Ind AS is applicable and 2. Entities to whom AS is applicable, viz, a. Companies to whom Companies, Ac...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1191

Benami Law and its interplay with other Laws
Posted Date : 26-Mar-2020 , 11:06:47 am | Posted By CASANSAAR

Benami Law and its interplay with other Laws explained by CA (Adv) Ashwani Taneja, Ex Member - ITAT.. Watch this Video, https://youtu.be/bercqZVBj-w ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 102

Relaxations by Finance Minister under Various Laws
Posted Date : 24-Mar-2020 , 04:16:37 pm | Posted By CASANSAAR

Income Tax :- F.Y. 18-19 1. Last date for filing income tax returns for the A.Y. 19-20 will be now 30/06/2020. 2. Interest for delayed payment reduced to 9% only for F.Y.18-19 3. Vivad se Vishwas Scheme has also extended to 30/06/2020 and no 10% additional Charge for now. 4. No extension...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1091

Covid-19 related spends to be treated as CSR activity - MCA
Posted Date : 24-Mar-2020 , 11:14:51 am | Posted By CASANSAAR

With the number of Covid-19 cases increasing in the country, the Centre has now roped in the private sector to help in the efforts to minimise the spread of Coronavirus. The Corporate Affairs Ministry (MCA) on Monday said that spending of CSR funds for Covid-19 would be treated as eligible CSR ac...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 572

Finance Minister sets Rs 15 Lakh income cap to tax NRIs
Posted Date : 24-Mar-2020 , 10:49:05 am | Posted By CASANSAAR

Finance minister Nirmala Sitharaman softened the contentious budget proposal to tax non-resident Indians, putting in place a threshold of Rs 15 lakh for the levy of tax on incomes emanating from India, while leaving out global incomes from the tax ambit. Through amendments to the finance bill, sh...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 572

SC invokes its plenary power to extend limitation period of appeals
Posted Date : 24-Mar-2020 , 10:41:00 am | Posted By CASANSAAR

The Supreme Court Monday invoked its plenary powers under Article 142 of the Constitution to extend limitation period of appeals from high courts or tribunals on account of coronavirus (COVID-19) pandemic. A bench of Chief Justice S A Bobde and Justices L N Rao and Surya Kant said the Court has t...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 170

Income tax Dept may extend March 31 deadline due to coronavirus
Posted Date : 23-Mar-2020 , 08:11:45 pm | Posted By CASANSAAR

The Income Tax Department is "proactively pursuing" with the government extension of the statutory March 31 deadline to complete important tax-related works due to the COVID-19 outbreak, an all-India body of IRS officers said on Monday. It has also urged all I-T department officials to wor...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1675

PM Modi to address nation tonight on Coronavirus
Posted Date : 19-Mar-2020 , 08:31:17 am | Posted By CASANSAAR

Prime Minister Narendra Modi chaired a high-level meeting to review the ongoing efforts to tackle COVID-19 on March 18. He is scheduled to address the nation on March 19 at 8 p.m., during which he will talk about issues relating to COVID-19 and the efforts to combat it. “During the meeti...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 184

Vivad Se Vishwas Scheme Procedure
Posted Date : 17-Mar-2020 , 11:15:55 am | Posted By CASANSAAR

Procedure for Vivad Se Vishwas Scheme, Watch this Video. https://youtu.be/UKC1YUcRDBc ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 958

News By Categories

More Categories

Search News

 
 
 

Fresh Income tax news only on casansaar covering details for  Income tax return,efiling, calculator,refund, income tax slab,forms,rates  etc in india 

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Contact us
 |   Blog

  |   Sitemap

  |   Income Tax

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon

CASANSAAR Updates

Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.