Attention Taxpayers: New I-T portal to be activated from June 7, existing portal will be unavailable from June 1-6

The Income Tax Department will launch a new income tax filing portal on June 7. What new income tax makeover aims at? The new e-filing portal (www.incometax.gov.in) is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers...

Application for Registration of Trusts or Charitable Institutions u/s 80G of Income Tax Act,1961

Section 80G of the Income Tax Act, 1961 provides deduction in respect of donations to specified funds, charitable institutions, trusts etc. which are approved u/s 80G. So, trusts and charitable institutions willing to receive...

9 Must-Know Startup acronyms

The world of startups is filled with new terminology and not being able to understand the can leave a bad impression and limit your network growth. Therefore, we have created this list of 9...

Do You Really Need Professional’s Help While Filing Your ITR?

When March approaches every year, we tend to focus on few compliances that we never thought of during the whole year and filing your ITR and the confusion of discussing it with professionals or...

SC : “Public scrutiny of the court process remains a vital principle for the functioning of democracy.” Does this mean no more Faceless hearing?

With the announcement of recent budget, the proposal in respect of introduction of the scheme of Faceless ITAT has been a point of debate since there are mixed opinions regarding the same The...

I-T Department issues Rs 17,061 CR of refunds to Taxpayers

The Income Tax Department on 12th May,2021 said it has issued over Rs 17,061 crore of refunds to more than 13 lakh taxpayers so far this fiscal year.  Of this, personal income tax refunds worth...

Startup India Registration: How beneficial is it for your business?

Launched on 16th January 2016, the Startup India Initiative has rolled out several programs to support entrepreneurs, build a robust startup ecosystem, and transforming India into a country of job creators instead of job...

CBDT extends various due dates to provide relief to taxpayers in view of COVID – 19: [Circular No. 9 of 2021 in F. No....

In view of the adverse circumstances arising due to the severe Covid-19 pandemic, the CBDT in exercise of its power under section 119 of the Income Tax Act, 1961 provided relaxation in respect of...

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