The Tax Talk

Respected Madam, Please defer the implementation schedule of New Income Tax Portal

June 19, 2021 2 Comments

Respected Madam, Please defer the implementation schedule of New Income Tax Portal To Smt. Nirmala Sitharaman Hon’ble Union Minister for Finance and Corporate Affairs Government of India, North Block New Delhi Respected Madam, Subject: Glitches in the New Income Tax Portal & suggestion thereon The much publicized new ...

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CA Final and Intermediate Examinations 2021 postponed by ICAI

April 27, 2021 0 Comments

CA Final and Intermediate Examinations 2021 postponed by ICAI The Institute of Chartered Accountants of India (ICAI) has finally taken a decision to postpone the Final and Intermediate Chartered Accountants Examinations which were scheduled to be held from 21st (Final) ...

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No CA Exams postponement?

April 27, 2021 2 Comments

No CA Exams postponement? Seeing the current alarming rise in covid cases and postponement of various exams across the country every CA student is having this question whether the June 2021 exam will be conducted or not. Though there is a ...

Income Tax, Notification

Capital Gain exemption couldn’t be disallowed if investment is made by assessee in his wife’s name

April 9, 2021 0 Comments

Capital Gain exemption couldn’t be disallowed if investment is made by assessee in his wife’s name Shankar Lal Kumawat v. ITO - [2021] 125 taxmann.com 347 (Jaipur - Trib.) Short overview: Assessee sold a residential house. He did not file a return of income. Subsequently, ...

Notification

Not jurisdictional CIT, but DIT (CPC) & CIT (Exemption), Bengaluru authorized for Charitable Trust Registration

April 3, 2021 0 Comments

Not jurisdictional CIT, but DIT (CPC) & CIT (Exemption), Bengaluru authorized for Charitable Trust Registration Registration & Renewal of Charitable Trust: CBDT authorizes the Director of Income Tax (CPC) & CIT (Exemption), Bengaluru for all new registration and renewal. The jurisdictional ...

Income Tax, Latest Update

With around 127 Changes in the Finance Bill, Loksabha passed the Finance Bill – 2021

March 25, 2021 0 Comments

With around 127 Changes in the Finance Bill, Loksabha passed the Finance Bill - 2021 LokSabha has passed the finance bill 2021 with around 127 changes which were proposed in the Finance Bill 2021. To carry out the said changes in ...

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EXAM DATES for CA May 2021 Announced

February 19, 2021 0 Comments

EXAM DATES for CA May 2021 Announced ICAI CA Exam Dates: May 2021 Check the table ...

Latest Update

Demotion of ITO to the post of Inspector

June 19, 2020 0 Comments

Demotion of ITO to the post of Inspector

Income Tax, Notification

March Ending Compliances :- Change of Financial Year From 31st March to 30th April 2020 or 31st December 2020 OR Simple Date Extension by 2 Month

March 22, 2020 0 Comments

Relief from Tax due date compliance before 31st March 2020- An appeal to the Finance Minister There are various compliance which are falling due on 31st March 2020. Due to corono-virus spread over, there s a life danger and resultantly ...

Income Tax, Notification

Income Tax Officers Association appealed for extending the financial year closure date from 31st March 2020 to 30th April 2020

March 22, 2020 0 Comments

Income Tax Officers Association appealed for extending the financial year closure date from 31st March 2020 to 30th April 2020 In view of the corona virus and the consequences it can carry, the Association has requested to extend the closure date ...

Latest Update

Faceless e-Assessment for imported Goods

February 28, 2020 0 Comments

Faceless e-Assessment for imported Goods Notice calling for suggestions, views, comments etc. from stakeholders on Faceless e-Assessment The general public and the trade at large are hereby informed that CBIC is planning to launch Faceless e-Assessment for imported goods. A detailed Concept Paper ...

Latest Update

DETAIL CLAUSE-WISE ANALYSIS OF CARO-2020

February 26, 2020 0 Comments

Income Tax, Notification

CBDT condones delay in filing Income Tax return & Form No. 9 & 10 by Trust for AY 2016-17 onwards

February 21, 2020 0 Comments

CBDT condones delay in filing Income Tax return & Form No. 9 & 10 by Trust for AY 2016-17 onwards.

Circular, Latest Update

Delhi HC recalled ‘Look Out Circular’ issued against CA

February 20, 2020 0 Comments

Delhi HC recalled ‘Look Out Circular’ issued against CA as he co-operated in proceedings initiated against him Lakshmi Satyanarayana Dutt Tadikonda v. Union of India - [2020] 114 taxmann.com 424 (Delhi) In the instant petition, the petitioner sought the withdrawal of the Look ...

Income Tax, Latest Update

Before you opt for concessional tax rates of 15% or 22% !!

February 19, 2020 0 Comments

Before you opt for concessional tax rates of 15% or 22% !! A domestic company opting for concessional tax rate schemes prescribed under section 115BAA or section 115BAB, can exercise this option by electronically filing Form 10-IC or Form 10-ID ...

Income Tax, Notification

Link PAN with Aadhar before your PAN becomes Inoperative

February 19, 2020 0 Comments

Link PAN with Aadhar before your PAN becomes Inoperative If PAN is not linked with Aadhar before 31st March, it will Inoperative. Check it and do it if not done so far. Rule 114AAA is introduced in the Income [pdf-embedder url="https://thetaxtalk.com/wp-content/uploads/2020/02/aadhar-with-pan.pdf" title="aadhar ...

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PPT on Vivad se Vishwas Bill – 2020

February 18, 2020 0 Comments

PPT on Vivad se Vishwas Bill - 2020 Vivad se Vishwas PPT file.pptx (1)

Latest Update

DGFT Mandated all the exporters to submit fortnightly statements in prescribed format on Statement of origin issued

February 13, 2020 0 Comments

DGFT Mandated all the exporters to submit fortnightly statements in prescribed format on Statement of origin issued DGFT on Feb 11, 2020, requests all the exporters to submit fortnightly statements in prescribed format on Statement of origin issued. They are ...

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Clarification in respect of Section ...

Income Tax Raids in Nagpur ...

New Tax Regime & Taxpayers ...

Interpretation of the scope of ...

Category: Latest Update

Respected Madam, Please defer the implementation schedule of New Income Tax Portal

CA Final and Intermediate Examinations 2021 postponed by ICAI

No CA Exams postponement?

Capital Gain exemption couldn’t be disallowed if investment is made by assessee in his wife’s name

Not jurisdictional CIT, but DIT (CPC) & CIT (Exemption), Bengaluru authorized for Charitable Trust Registration

With around 127 Changes in the Finance Bill, Loksabha passed the Finance Bill – 2021

EXAM DATES for CA May 2021 Announced

Demotion of ITO to the post of Inspector

March Ending Compliances :- Change of Financial Year From 31st March to 30th April 2020 or 31st December 2020 OR Simple Date Extension by 2 Month

Income Tax Officers Association appealed for extending the financial year closure date from 31st March 2020 to 30th April 2020

Faceless e-Assessment for imported Goods

DETAIL CLAUSE-WISE ANALYSIS OF CARO-2020

CBDT condones delay in filing Income Tax return & Form No. 9 & 10 by Trust for AY 2016-17 onwards

Delhi HC recalled ‘Look Out Circular’ issued against CA

Before you opt for concessional tax rates of 15% or 22% !!

Link PAN with Aadhar before your PAN becomes Inoperative

PPT on Vivad se Vishwas Bill – 2020

DGFT Mandated all the exporters to submit fortnightly statements in prescribed format on Statement of origin issued

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