Audit report under section 44AB (AY 2021-22)
Due date for filing of audit report under section 44AB for the assessment year 2021-22 in the case of a corporate-assessee or non-corporate assessee
income tax compliance
TDS Certificate (Section 194-IA)
Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of November, 2021 is 14th January, 2022.
Clubbing of Income of Husband & Wife
Clubbing of income, as the name suggests is the income of one person is clubbed with the income of the another person. Many of the persons think that if they …
Know Penalty for Late filing of ITR (Section 234F)
It is a settled law that every person who has earned income above the basic exemption limit has to file Income Tax Return during each financial year. Further, these ITRs …
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How to File ITR online for Salaried Employees
As per the Income Tax laws, any individual whose primary source of income is salary has to file Income Tax Return-1 or ITR-1 form, commonly known as SAHAJ form.
Important Due Dates for Various Compliances in March, 2021
The month of March is the last month of the financial year. To give taxpayers one last time opportunity, various departments have also extended the due dates and the last …
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Know about Clubbing of Income of Husband & Wife
Clubbing of income, as the name suggests is the income of one person is clubbed with the income of the another person. Many of the persons think that if they …
High End Value Transactions Tracked by Income Tax Department
The transactions done by the individuals in higher denominations is tracked closely by the Income Tax Department. As a matter of legal obligation provided through Income Tax Act, 1961 – …
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Income Tax Return Extended Dates for Assessment year 2020-2021
The Income Tax Return extended due dates are due to the pandemic COVID-19. Having stating that, the Central Board of Direct Taxes has extended the due date for the third …
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income tax slabs for the financial year 2020-2021
The budget of Financial Year 2020-2021 was presented on 1st February, 2020 by our Finance Minister, Ms. Nirmala Sitharaman and it came effective from 1st April, 2020. According to the …
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