Category: Income Tax
Aadhaar OTP based EVC of ITRs-Maximum 5 OTP requests for a single Aadhaar can be made within a span of 30 minutes. Aadhar based OTP is one of the Electronic Verification options of verifying submission of the Income Tax Returns (ITRs). Other options for generating Electronic Verification Code …
Some tax evasion sought by assessee is a necessary condition for imposition of penalty u/s 271(1)(c). What has to be shown is whether, and if so, how, assessee can be said to have sought to evade tax. ABCAUS Case Law CitationABCAUS 3433 (2021) (01) ITAT Important case law …
NSDL latest e-TDS TCS Return Preparation Utility (RPU) Version 3.5 from FY 2007-08 NSDL has revised the e-TDS TCS RPU utility for preparing of TDS/TCS returns. e-TDS/TCS File validation utility (FVU) versions 2.166 up to FY 2009-10 and Version 7.00 for FY 2010-11 onwards have also been released NSDL latest …
Extension of due date of 31.12.2020 for tax and other audit and ITRs filing for AY 2020-21 – Read CBDT Order Extension of due date for tax audit and ITRs filing for AY 2020-21 In view of the continued challenges faced by taxpayers in meeting statutory compliances due …
Aadhaar based EVC OTP for e-verification of ITRs is not working properly As per advisory displayed at Income Tax e-filing website, Aadhaar based OTP for e-verification of ITRs is not working The text of the advisory is as under: “It has come to our notice that users are …
No TDS requirement u/s 195 on employee secondment agreement for payments for reimbursement to a non resident enterprises towards costs of seconded employees. ABCAUS Case Law CitationABCAUS 3432 (2020) (12) HC Important case law relied upon by the parties:M/s Centrica India offshore Pvt. Ltd. vs. Commissioner of income …
Income of Yamuna Expressway Industrial Development Authority exempted u/s 10(46) of the Income Tax Act 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 91/2020 New Delhi, the 24th December, 2020 S.O. 4684(E).—In exercise of the powers conferred by clause (46) of section 10 of …
Citizen Resources Information Deptt. Haryana notified u/s 138 for sharing information of income-tax assessees under DBT Scheme MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No 90/2020 New Delhi, the 15th December, 2020 S.O. 4545(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of …
Income Tax return preparation utility requires MS Excel versions 2010 / later, else use Java based software utility – Income Tax Department How to use Java based software utility available for download, where taxpayer does not have MS Excel versions 2010 or later Income Tax department has provided …
CBDT issues 17 FAQs on UDIN -What happens when UDIN is revoked? FAQs on UDIN 1. What is Unique Document Identification Number (UDIN)? The Institute of Chartered Accountants of India, on noticing about the fake certifications by Non-CAs misrepresenting themselves as Chartered Accountants which misled the authorities …
