Income tax Return

Breaking Down Section 43B for MSMEs

Impact Analysis of Section 43B(h) Amendment on timely Payments to MSME Micro, Small, and Medium Enterprises (MSMEs) are the backbone… Read More

3 weeks ago

Parents Can Claim TCS Credits for Children Foreign Education

Parents Can Claim Tax Collected at Source Credits for Foreign Education of Children: New Income Tax Rule: The recent changes… Read More

1 month ago

Disallowance Section 40(a)(ii) of Domestic & Foreign Taxes

Disallowance Section 40(a)(ii) of Indian / Domestic Taxes:  What is Section 40(a)(ii) & its Disallowance? The provision you're referring to,… Read More

2 months ago

Apply Condonation delay in ITR filing for claim refund / C/F losse

CBDT Guideline: Apply for condonation delay in filing ITRs for claims refunds or C/F losses New guidelines issued by the… Read More

2 months ago

Whether digital gift cards are Virtual Digital Assets ?

Whether digital gift cards are Virtual Digital Assets ? Meaning of Virtual Digital Asset : Definition of VDA: Section 2(47A)… Read More

2 months ago

Change in interpretation of Section 87A Post- July 5th 2024

The Section 87A Story : The Section 87A Mystery The changes in the interpretation of Section 87A, particularly regarding the… Read More

2 months ago

Why is Income Tax Dept On ITR Processing Slow This Year?

Why is Income Tax Dept On ITR Processing Slow This Year? Overall 25% Less ITRs have been processed so far.… Read More

4 months ago

Penalties for late or belated ITR filing for AY 2024-25

What is the Income tax Penalties for late or belated ITR filing for AY 2024-25? Taxpayer may please note there… Read More

4 months ago

High volume of ITR Filings on the deadline day FY 2023-24

High volume of Income Tax Return  filings on the deadline day FY 2023-24 High volume of Income Tax Return  filings… Read More

4 months ago

If you fail to file ITR before 31 July, Can face Consequence

If you fail to file ITR before 31 July, can result in consequences FY 2023-24 Missing the ITR filing deadline… Read More

4 months ago
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