The Income Tax Department and various investment platforms like bank, mutual fund houses, broker platforms, etc. have been discouraging cash transaction by tightening their rules for public in general in last few years. The Income Tax Department may send notice to the violator now as days in case ...

Starting tax planning process at the beginning of the financial year not only helps you align your investments with your financial goals but also allows you to comfortably utilise all the deductions and save maximum tax possible. Typically, many salaried start their tax-saving investment around Nove...

The Income Tax department, In order to provide relief to taxpayers amid the second wave of COVID-19 in the country, extended various Income Tax compliance deadlines, under the Income Tax Act 1961. In the light of multiple representations received to mitigate the difficulties being faced by various s...

The government has extended the timelines for various income tax compliances, including the filing of belated or revised return for 2019-20 fiscal, till May 31. The Central Board of Direct Taxes (CBDT) has said that the filing of the belated income tax return under sub-section (4) and revised return...

F.No.225/49/2021 -ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, Dated 20th May, 2021 Subject: Extension of time limits of certain compliance to provide relief to taxpayers in view of the severe pandemic The Central Board of Direct Taxes, in ...