The Central Board of Direct Taxes (CBDT) has issued an order extending due dates for various compliance forms including the Quarterly statement in Form No. 15CC, Equalization Levy Statement in Form No.1, the Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64...

Any assessee who has tax payable and don’t file his/her Income Tax Return within the due date specified u/s 139(1) is liable to pay interest u/s 234A. Meaning of Due Date U/s 139(1) Non Audit Cases : 31st July Audit Cases : 31st Oct, Due to Covid 19 CBDT on 20th May 2021 extended the […]...

Revised Rule 12 of Income Tax Rules are applicable from 01.04.2021  i.e. for Income Tax Return of Assessment Year 2021-22 and Financial Year 2020-21. Rule 12 -Return of income and return of fringe benefits. 12. (1) The return of income required to be furnished under sub-section (1) or sub- sect...