Income Tax Articles



How will taxpayers fly their Kite of Income Tax Return?

Posted in Income Tax |   1278 Views




The CBDT notified changes in ITR-1 and IYR-4 for AY 2020-2021. This article summaries all the changes made in Income Tax Return Forms, ITR-1 and ITR-4 after the notification regarding relaxation granted by CBDT vide notification dated 9th January 2020.

Posted in Income Tax |   4867 Views




The CBDT in its latest notification introduced Sec 269SU under the Income Tax Act, 1961. The section is applicable to all companies or business entities with a business volume of Rs. 50 crore or more annually. Such entities must provide facilities and accept payments through digital transactions u/s 269SU. Non-compliance of this regulation shall lead to a fine of Rs. 5,000 per day.

Posted in Income Tax  11 comments |   4937 Views




CBDT vide a Press release dated 09.01.2020 has rolled back the non-applicability clauses inserted through Notification 01/2020 dated 03.01.2020.

Posted in Income Tax  2 comments |   3730 Views




In recent times, cases of additions of income by respective Income Tax Officers/Assessing Officers have increased substantially.

Posted in Income Tax  4 comments |   1622 Views



Ten Suggestions for Budget 2020

  Sandeep Bhatnagar    10 January 2020 at 10:27

The countdown to Union budget 2020 has already begun. Considering the state of the Indian economy, the finance minister is expected to unfold measures that give a boost to the economy. People have high expectations from the Union Budget 2020. Here are my suggestions and expectations from Union Budget 2020

Posted in Income Tax  11 comments |   2601 Views



Pros and cons of e-assessment

  Jigar Shah    10 January 2020 at 10:26

e-Assessment - Electronic assessment, also known as e-assessment, online assessment, computer assisted/mediated assessment and computer-based assessment, is the use of information technology in various forms of assessment.

Posted in Income Tax |   1127 Views




The Income Tax department has notified the Income-tax Return (ITR) Forms for F.Y. 2019-20 on January 3, 2020. This article covers all the key changes introduced in the ITR-1 for the assessment year 2020-21

Posted in Income Tax  9 comments |   4981 Views



Changes in Income tax in Dec 19

  Nageswara Rao    09 January 2020 at 10:26

The objective of this article is to summarize all the updates of Income Tax (Notifications, Circulars, other amendments, and updates) in one place. The same are being summarized below.

Posted in Income Tax  1 comments |   12497 Views




The year-end 2019 brought to end so many good and bad events or moments we Indians experienced during the year. Some events fade with the onset of the new year, but some continue for life and few such happenings get carried forward to the current year 2020.

Posted in Income Tax |   798 Views






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