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NOTIFICATIONS AND CIRCULARS ISSUED BY CBDT

DIRECT TAXES UPDATES: One time relaxations for verification: In case of returns for the Assessment Years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which were uploaded electronically by the taxpayer within the time allowed under section 139 of the Income-tax Act, 1961 and which have remained incomplete due to non-submission of ITR-V Form for verification, CBDT … Read more

Pay Advance Tax to avoid penalty

PAY ADVANCE INCOME TAX TO AVOID PENALTY By Taxpayer discharging their Income Tax liability, the government believes that they can simultaneously earn and pay tax. This can be done by two modes i.e collection and deduction of tax at source in most cases like salary, interest, rental, brokerage, commission, and professional fees. Taxpayers who have not … Read more