CASH TRANSACTIONS LIMIT SECTION 269ST Any Person , shall not receive amount of Rs 2 Lacs or more as the new cash transactions limit provisions of Income Tax Act : In aggregate from a person in a day OR In respect of Single Transaction. OR In respect of transactions relating to single event or occasion […]
ITR/TAR DUE DATE EXTENDED The due date for filing of Income Tax returns and Tax Audit Reports is extended till 31.01.2020. The extension is in respect of all the categories of income tax assesses in the Union Territory of Jammu and Kashmir and Union Territory of Ladakh. The assesses in the said Union Territories who […]
NEW INCOME TAX RETURN FOR AY 2018-19 These ITR Forms are notified every year by the Central Board of Direct Taxes (CBDT). At the start of new Financial Year, the CBDT has released the new Income-tax return (ITR) Forms for the Assessment Year (AY) 2018-19. These ITR Forms will be applicable to file income-tax returns […]
Analysis of CBDT Circular No. 09/2015, Dated : June 9, 2015 on Condonation of Delay in Filing Refund Claim and Claim of Carry Forward of LossesNo Condonation for claim of refund or loss shall be entertained beyond six years from the end of the assessment year for which application or claim is made. The limit of six […]
CHANGES IN INCOME TAX RETURNS FOR AY 2018-19 Every year the government of India comes up with changes in income tax return forms (ITRs) which is a personal disclosure of individual income and assets. By notifying the new ITR forms just before the commencement of the tax filing season, the CBDT has provide sufficient […]