income tax
Income Tax
Section 43B: What’s New and Why It Matters & Impact on MSME Payments.
To promote timely payments to micro and small enterprises, payments made to such enterprises have been included within the ambit of section 43B of the Act vide FA 2023. A new clause (h) has...
Top News
CBDT Announces Extension of Due Dates for various e-filing forms
A big relief to the taxpayers has been provided by the finance ministry to the taxpayers by extending the due dates. It was much needed as the new portal has a lot of glitches...
Top News
Due Date Calendar for June’2021
A) Due dates for Compliance under Income Tax
7 June 2021 - Due date for deposit of Tax deducted/collected for the month of May, 2021. However, all sum deducted/collected by an office of the government...
Top News
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...
Income Tax
FAQ’s for seek VC and seek VC adjournment for appearing in e-proceeding.
What is VC?
VC stands for ‘Video Conferencing’. Using the VC facility, an assessee is enabled to express or submit one’s response orally before an Income Tax Authority who has initiated the proceeding and expect the response...
Income Tax
Section 115BAA – New tax rate of 22% on domestic Companies
The new section – Section 115BAA has been inserted in the Income Tax Act,1961 to give the benefit of a reduced corporate tax rate for domestic companies.
Section 115BAA states that domestic companies have the...
Income Tax
Income Tax Slab Rate for AY 2021-22 (Latest)
Income tax payment for individuals and corporate entities is a mandatory requirement as per the Income Tax Act, 1961 if their annual income is above the minimum exemption limit.
However, taxpayers can also avail tax...
Income Tax
Re-Registration of Trusts / Institutions [Notification No. 19/2021 dated 26.03.2021] :
The
CBDT (Central Board of Direct Tax) has issued Notification No. 19/2021 dated 26th
March, 2021 prescribing the procedure for Registration including re-approval /
revalidation of existing Tax Exemption Registrations of Trust or Institutions.
All the existing Trusts...
Recent posts
Want to publish your own blogs?
Write an Article
+91 97234 00220
support@counselvise.com