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Archived News in Direct Tax
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August , 2018
1. Due date of filing income tax return for Kerala extended to 15 September: CBDT Open this result in new window. Aug, 29th 2018
The due date for filing income tax return for assessees in Kerala has been exten...
2. Income-tax scrutiny all set to go electronic Open this result in new window. Aug, 29th 2018
The Central Board of Direct Taxes (CBDT) has mandated ‘e-proceeding’...
3. Panel on income tax reforms to submit report in a few days; implementation may spill over to next year Open this result in new window. Aug, 28th 2018
A new direct tax code may involve change in rates and slabs that will require am...
4. Income Tax Department lists out 7 exceptions to e-assessments Open this result in new window. Aug, 27th 2018
The CBDT in an instruction dated August 20 has said that e-assessment will not b...
5. Income-tax scrutiny all set to go electronic Open this result in new window. Aug, 27th 2018
The Central Board of Direct Taxes (CBDT) has mandated ‘e-proceeding’...
6. CBDT asked to clear ambiguity over STT on physical settlement in F&O  Open this result in new window. Aug, 24th 2018
The Bombay High Court today asked the Central Board of Direct Taxes (CBDT) to cl...
7. Government extends deadline for filing July GSTR-3B till Aug 24  Open this result in new window. Aug, 22nd 2018
The government has extended the last date for filing of GST summary sales return...
8. I-T?dilutes move to cap appeals based on monetary value Open this result in new window. Aug, 22nd 2018
CBDT circular said adverse judgements on specified issues should be ‘conte...
9. ITR 2018.19: Here are six reasons why you should file your return before August 31 Open this result in new window. Aug, 22nd 2018
Income tax return filing deadline August 31 is just around the corner. If you ha...
10. Finance Ministry proposes to ease process of getting no tax deduction certificate  Open this result in new window. Aug, 21st 2018
The finance ministry has proposed amendments in the Income Tax rules for obtaini...
11. Finance Ministry proposes to ease process of getting no tax deduction certificate  Open this result in new window. Aug, 21st 2018
The finance ministry has proposed amendments in the Income Tax rules for obtaini...
12. Received income tax notice? Here is what it means and what you need to do Open this result in new window. Aug, 20th 2018
Now even a slight inaccuracy in the filing of tax returns can get you a notice f...
13. TDS different while buying NRI property Income tax return (ITR) filing Open this result in new window. Aug, 16th 2018
In an earlier column I had written about the rule of 1% Tax Deduction at Source ...
14. CBDT plan to incentivise ‘quality orders’ worries trade Open this result in new window. Aug, 16th 2018
Trade and industry is increasingly concerned about the recent plans of the Incom...
15. How to save tax using the demat account? Open this result in new window. Aug, 13th 2018
Having a demat account means that you don’t have to store share certificat...
16. Income tax returns (ITR) filing: These are evasion cases picked up by Income-Tax department for scrutiny Open this result in new window. Aug, 10th 2018
Central Board of Direct Taxes (CBDT) chairman Sushil Chandra said that the depar...
17. Did you get a defective income tax return notice? ITR filing Open this result in new window. Aug, 10th 2018
Revise the defective ITR within 15 days of notice addressing the defects If you...
18. Income Tax returns (ITR) filing: All your transactions are under taxman's scanner Open this result in new window. Aug, 09th 2018
Income Tax returns (ITR) filing: The department reportedly believes that if a ta...
19. How to pay tax on cryptocurrency assets in India Open this result in new window. Aug, 09th 2018
There is no separate statute in the law book detailing tax norms for cryptocurre...
20. Received an income tax notice? Here's what it may mean Open this result in new window. Aug, 08th 2018
Here are the common income tax notices and what actions to take upon receiving t...
21. Government appoints 2 new CBDT members Open this result in new window. Aug, 07th 2018
The Centre has appointed two new members in the Central Board of Direct Taxes (C...
22. Here are 6 ways to do it ITR verification Open this result in new window. Aug, 07th 2018
The last step of ITR filing is to verify it. If you have filed your tax return b...
23. What is the tax liability on sale of a jointly held property?  Open this result in new window. Aug, 07th 2018
What is the tax liability on sale of a jointly held property? I am 64 years old...
24. Income Tax Return Filing: How incomes from other sources are taxed Open this result in new window. Aug, 04th 2018
There are 5 sources stipulated under the Income Tax Act, 1961, like salary, busi...
25. Don’t miss these incomes while filing income tax return (ITR) Open this result in new window. Aug, 03rd 2018
Here are some of the common income categories taxpayers generally miss reporting...
26. CBDT signs 9 more unilateral APAs with taxpayers in July Open this result in new window. Aug, 02nd 2018
The Central Board of Direct Taxes (CBDT) has signed nine more unilateral advance...
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