Post by: Renu Suresh in Income Tax
CBDT Grants Relaxation in Electronic filing of Forms 15CA/15CB Central Board of Direct Taxes has granted further relaxation in the electronic filing of forms 15CA and 15CB because of difficulties reported by taxpayers in the filing of forms online on…
Post by: Niti Gupta in Income Tax
Changes in Tax Collected at Source (TCS) Statement CBDT introduced the changes in Tax Collected at Source statement (Form 27EQ) vide notification no. 54/2020 on 24th July 2020. Amendments have been made in Rules 31AA, 37BC, 37CA, and 37-I of…
Post by: Sreeram Viswanath in Compliance Income Tax
Section 271C of Income Tax Act Section 271C of Income Tax Act lays down the law relating to the penalty which should be imposed by the Income Tax Department for failure to deduct TDS or remit TDS before the applicable…
Post by: IndiaFilings in Income Tax Legal
Verification of Cash Deposit by Income Tax Department If an assessee has made large cash deposits after demonetization, the assessee may encounter tougher scrutiny from the income tax department and therefore it is important to properly maintain documents like bank…
