Income Tax News

ITR 1, 2, 3 and 4 for AY 2018-19 is now available for e-Filing

18 May 2018 at 17:47

ITR 1, 2, 3 and 4 for AY 2018-19 is now available for e-Filing

Posted in Income Tax | 2 comments | 5370 Views

Instruction to fill new Form ITR-2 and ITR-3

16 May 2018 at 11:15

Instructions for filling out FORM ITR-2&3 (A.Y 2018-19)PFA the attachment to know in details

Posted in Income Tax | 1 comments | 11328 Views

ITR 1, 2 and 4 for AY 2018-19 now available for eFiling

15 May 2018 at 11:28

ITR 1: For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakhITR 2: For Individuals and HUFs not having income from pr

Posted in Income Tax | 8982 Views

ITR4 for AY 2018-19 finally available for e-filing

10 May 2018 at 11:35

ITR 4 for AY 2018-19 is now available for e-Filing. The same can be downloaded from the attachment below.Other ITRs will be available shortly.

Posted in Income Tax | 20 comments | 10650 Views

Change request application with Gender as Transgender allowed for PAN

10 May 2018 at 11:35

New PAN allotment and Change request applications with 'gender' as 'transgender' is allowed without any hassle. Also, there is no requirement of depositing any supporting document for change of 'gender' to 'transgender'

Posted in Income Tax | 2199 Views

Draft notification pertaining to new Rule 11UAB of IT Rules, 1962

04 May 2018 at 10:43

Finance Act, 2018 has inserted clause (via) to section 28 of the Income-tax Act, 1961 (‘the Act’) so as to provide that any profit and gains from conversion of inventory into capital asset or its treatment as capital asset shall be charge

Posted in Income Tax | 5901 Views

Govt invites comments on draft notification on LTCG from shares

25 April 2018 at 11:35

The Finance Act, 2018 has withdrawn the exemption under clause (38) of Section 10 of the Income-tax Act, 1961 (the Act) and has introduced a new section 112A in the Act, to provide that long term capital gains arising from transfer of a long-term cap

Posted in Income Tax | 3 comments | 6024 Views

Requirement for obtaining PAN card u/s 139A eased for Corporate Assesses

16 April 2018 at 10:51

Requirement for obtaining PAN card u/s 139A of IT Act, 1961 eased for corporate assessees In case of a company, an application for incorporation, allotment of Permanent Account Number (PAN) and allotment of Tax Deduction and Collection Account Number

Posted in Income Tax | 2 comments | 7473 Views

CBDT invites comments on draft notification on BEPS

16 April 2018 at 10:51

CBDT invites comments on draft notification proposing amendment to Rule 44E, Form 34C, 34D and 34DA as per BEPS Action 5, for improving transparency in tax rulings Under Base Erosion and Profit Shifting (BEPS) Action 5, exchange of rulings on Permane

Posted in Income Tax | 2838 Views

Function of NAA from CCI and CBEC

07 April 2018 at 12:55

Functions of National Anti-profiteering Authority (NAA) from Competition Commission of India (CCI) and the Central Board of Excise and Customs (CBEC)The National Anti-profiteering Authority (NAA) has been constituted under section 171 of the Central

Posted in Income Tax | 5607 Views