Income tax act

Extension Due date of Income Tax compliances

Extension of time limits of -Income Tax Return, Audit Report, TDS Return and other Returns to provide relief to taxpayers…

5 years ago

Income Tax Return Deadline For F.Y 2019-20 Extended to 31st, January,2021 ||Extended due date for tax Audit

Income Tax Return Deadline For F.Y 2019-20 Extended Extended due date for tax Audit:- In view of constraints being faced…

5 years ago

What is assessment under section 143(1)? || Scope of assessment under section 143(1)

What is assessment under section 143(1)? ​​​​​​Scope of assessment under section 143(1) ​​Assessment under section 143(1) of Income tax Act is like…

6 years ago

What is the procedure adopted for making the assessment under sec 143(3) of Income Tax Act i.e. scrutiny assessment?

What is the procedure adopted for making the assessment under sec 143(3) of Income Tax Act i.e. scrutiny assessment? In…

6 years ago

When Income Tax Assessing Officer is liable to determine the Advance tax liability? || Section 210 of Income Tax Act

When Income Tax Assessing Officer is liable to determine the Advance tax liability? If a Income taxpayer who has a…

6 years ago

Are any Capital Gains Exempt Under Section 10 ?

Capital Gains Exempt Under Section 10 Section 10 of Income Tax law provides list of incomes which are exempt from…

6 years ago

Do any clubbing provisions exist in case of transfer of income without transfer of asset in Income tax Law ?

Do any clubbing provisions exist in case of transfer of income without transfer of asset in Income tax Law ?…

6 years ago

What is assessment under of section 143(1) of Income tax Act 1961? ||Scope of assessment under section 143(1)

Scope of assessment under section 143(1) Income Tax Assessment under section 143(1) of IT Act is like preliminary checking of…

7 years ago

Presumptive Taxation Scheme of section 44AD || F & Q on Presumptive Taxation Scheme of section 44AD

Presumptive Taxation Scheme of section 44AD Section 44AD:- Meaning of presumptive taxation scheme- ​​​As per sections 44AA of the Income…

7 years ago

Is a Resident senior citizen granted exemption from payment of advance tax (Income tax)? ||Advance Tax on Senior Citizen

Payment of advance tax on Senior Citizen Payment of advance tax-As per section 208 of Income Tax Act, every person whose…

7 years ago