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Showing posts from February, 2021Show All
CBDT Extends Assessment/Reassessment/Penalty Completion Date to April/June 2021
CBDT Extends Date for Filing Declarations and Payment of Tax under Vivad Se Vishwas Scheme to March 31, 2021
CBDT Revises Directions for Faceless Assessment Scheme 2019 u/s 143(3B)
CBDT Notifies Faceless Assessment (1st Amendment) Scheme, 2021 to amend Faceless Assessment Scheme, 2019
'Liable to Tax' Meaning and Definition in Income Tax Act: Budget 2021
Adjustment for Increase in Income reported in Audit Report Under Section 143(1)(a): Budget 2021
Capital Gains Tax on Transfer of Capital Assets to Partner on Dissolution or Reconstitution of Firm: Budget 2021
New Substituted Section 147 for Reopening/Reassessment and Search Assessments
Depreciation on Goodwill of a Business or Profession Not Allowed and to be taxed as Capital Gains on transfer: Budget 2021
Slump Sale to include All Transfers with or without Consideration: Budget 2021
Clarification on Depreciation on Goodwill: Budget 2021
Power of Provisional Attachment to AO in Penalty Cases u/s 271AAD: Budget 2021
New Section 89A: Relief to NRI from Double Tax on Foreign Retirement Corpus
Exemption from TDS on Dividend u/s 194 to Business Trusts: Budget 2021
Clarification regarding non-applicability under Vivad se Vishwas Scheme
No Equalisation Levy on Royalty or FTS and on Tax Paid Income: Budget 2021
Changes in Interest Computation u/s 234C for Dividend Income: Budget 2021
Security Transaction  Tax (STT) made applicable on ULIP: Budget 2021
Changes in Tax Exemption and Taxability on ULIP: Budget 2021
Revision/Reduction in Due Date/Time Limit for Revised and Belated Return, Defective Return u/s 139(9) provisions amended: Finance Bill 2021
Extension of Due Date for Filing of Return of Income, Section 139 Amended: Finance Bill 2021
Amendments related to Charitable Trusts/NGOs: Budget 2021
Changes in Tax Audit Turnover Limit to Rs. 10 Crore under section 44AB: Budget 2021
Section 43CA: Variation Between Stamp Duty or Circle Rate with Sale Price by 20% Allowed in Budget 2021
Section 80EEA: Time Limit for Loan Sanction Extended till 31.03.2022
Tax incentives for Affordable Housing and Affordable Rental Housing Project: Budget 2021
New Section 206CCA: Higher rate for collection of tax (TCS) for non-filers of income-tax return
New Section 206AB: Higher rate for deduction of tax at source (TDS) for non-filers of income-tax return
Conditions for Exemption to Sovereign Wealth Fund & Pension Fund Relaxed: Budget 2021
Disallowance of Employees’ Contribution to Provident Fund and ESIC after Due Date: Budget 2021
Faceless ITAT Scheme Proposed in Finance Bill, 2021
Legislative Amendment to LTC Cash Voucher Scheme to Provide Income Tax Exemption without Travelling
Exemption on Interest on EPF Contribution above Rs 2.5 Lakh Withdrawn
New Section 194Q-TDS on Purchase of Goods
Exemption to Senior Citizens from filing of Income Tax Return: Budget 2021-22
Changes in TDS and TCS Provisions by Finance Bill, 2021
Summary of Amendments and Changes in the Direct Tax Provisions as per Finance Bill, 2021
New Income Tax Slab Rates after Union Budget 2021
Income Tax announcements in Budget Speech:Union Budget 2021
Download Memorandum Explaining the Provisions in the Financial Bill 2021