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GENUINE HARDSHIP TAXPAYERS
Sold Indian property for Rs 2 crore, TDS deducted but no ITR filed: Why Delhi HC denied tax relief to NRIA Canadian citizen of Indian origin lost his plea in the Delhi High Court to condone the delay in filing his income tax return. He failed t...- Extend ITR Filing last date to October 15, demands ATBA due to tech issues and glitches with ITR portal like errors in validation, slow uploadsITR Filing Due Date: Several organizations, including the Karnataka State Chartered Accountants Association (KSCAA), ICAI, and Advocates Ta...
- ITR filing after deadline: What is condonation of delay request? How it can save you from penaltiesThe Income Tax Department has enabled condonation of delay applications for Form 10A filings, offering relief to taxpayers who missed deadl...
- Three things middle-class did not get, despite taxpayer-friendly Budget 2025Middle class in Budget 2025: The Finance Bill presented by the FM on February 1, 2025, had a bonanza for middle-class taxpayers. However, d...
- Income Tax Department reduces time allowed to apply for old income tax refunds; check the new time limitITR Filing: The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. The latest circular has re...
- CBDT sets monetary limit to waive interestThe Central Board of Direct Taxes (CBDT) has introduced monetary limits for waiving or reducing interest on tax payments. This move aims to...
- Now a VIP or PMO can help you to expedite pending tax appeals; Know how to file request for expeditionCBDT has revised the situations when a individual or income tax assessing officer (AO) can file a request for expedition of tax appeal case...
- Govt allows non-resident taxpayers to manually file Form 10F till March 31 for claiming TDS benefitIn a notification, the CBDT said to mitigate genuine hardship to such taxpayers, it has been decided that such category of non-resident tax...
- I-T department asks taxmen to accept applications till September 30 for settlement before Interim BoardThe 2021-22 Budget, through the Finance Act, amended the provisions of the Income-Tax Act, 1961 to provide that the Income-tax Settlement C...
- CBDT extends timeline to process AY18 refundsReturns selected for scrutiny, remaining unprocessed for any reason attributable to assessee or unprocessed since demand is showing as paya...
- Forgot to verify your income tax return? Here's helpAn ITR filed but not verified is treated as an invalid return by the department. It would mean that you have not filed the ITR for a partic...
- CBDT allows processing of I-T refund claims for old non-scrutiny cases till Oct 31, 2020The re-opening of the relaxation window has been given to prevent genuine hardships for taxpayers and address their pending grievances, in ...
- B2B firms exempted from using only BHIM, RuPay for accepting paymentsThe relaxation has been issued for B2B companies, “If at least 95% of aggregate of all amounts received during the previous year, including...
- Coronavirus impact: I-T dept allows more time to individuals to file TDS exemption formsIn an order, the Central Board of Direct Taxes (CBDT) said the 15G and 15H forms submitted last fiscal will remain valid till June 30, 2020...
- GAAR ambiguity clouds corporate revampAmbiguity looms large over the transactions by way of GAAR.
- CBDT extends till Jan 31 deadline for compounding of I-T offencesThe CBDT, while launching the scheme in September last year, had said that this "one-time measure" is being undertaken to mitigate unintend...
- I-T department allows manual filing by resident, NRI taxpayers for nil or lower TDS certificateIncome Tax Rules (Rule 28, Rule 28AA, Rule 28AB, 37H, 37G) govern the mechanism for issuance of certificate for deduction of tax at lower/ ...
- View: Government needs to toughen law to curb economic offender's ease of fleeing IndiaThe US has introduced a similar snare, but for tax evaders. The new law, FAST, ensures that heavy tax defaulters cannot make a fast exit.
- Mumbai taxmen unearth 189 returns with Rs 7,222cr fake billsI-T authorities in Mumbai said they have found over Rs 7,200 cr worth fake bills - from just 189 I-T returns - presented by assesses to sup...
- Budget 2013: Tone down penalty structure, suggests OPPI'The penalty of 2 per cent is very high and is likely to subject the taxpayers to onerous financial hardship. It is recommended that the se...
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