Income Tax Articles

PF| New PPF rules

FCA surbhi jain 24 April 2020 at 10:30

Due to lockdown, the government has relaxed a few rules on PPF and small saving schemes like 5 year National saving certificate, Kisan Vikas Patra, Sukanya Samridhi Yojana, etc.

Form 26AS How to view and download on TRACES Portal?

CCI Team 23 April 2020 at 18:02

Form 26AS is a tax credit statement maintained by the Department of Income Tax. Form 26AS can viewed and downloaded on the TRACES Portal

Amendment to TDS Provisions in Income Tax Act

Jigar Rajendrabhai Mansatta 23 April 2020 at 10:49

The Finance Act 2020 has made various amendments to the TDS Provisions. TDS Section 194O has been introduced in the Income Tax Act through Finance Act 2020.

Revised FAQs on Vivad se Vishwas Act, 2020

Suhasini 23 April 2020 at 10:48

The Central Board of Direct Taxes(CBDT) issued a further clarification on the Vivad se Vishwas Act 2020. The 55 FAQs on the Vivad se Vishwas Act have been modified.

Amendments in relation to residential status as per Finance Act 2020

Grishma Mody 22 April 2020 at 10:48

One of the major changes in the Finance Act, 2020 ('FA, 2020') is with respect to amendments in residential status criteria, which directly impacts the Non Resident Individual (NRI) community.

Amendments in Income Tax Act for AY 2020-2021

Ajay Kumar Mundada 21 April 2020 at 17:15

The Amendments made to the Income Tax Act in respect of Individual, HUF, Domestic Companies for AY 20-21, PY 19-20 by way of Finance Act

Certain income tax developments from March 2020 in the wake of COVID-19

Aditi Bhardwaj 18 April 2020 at 12:35

Certain Income Tax relaxations have been given in the wake of COVID-19. Know all the Income Tax developments since March 2020

TDS Refund: How to claim TDS Refund?

Aishna Kukreja 17 April 2020 at 17:22

TDS Refund can be claimed when TDS paid by an assessee in a Financial Year is greater than TDS calculated in a Financial Year.

TCS on Sale of Overseas Tour Package

Harshit Panjwani 17 April 2020 at 10:34

TCS on Sale of Overseas Tour Package was proposed in Budget 2020. As per TCS provision on sale of overseas tour package. every Seller of an Overseas Tour Programme Package is required to Collect Tax from the Buyer of such Overseas Tour Programme Package.