ITR U Complete Guide On Income Tax Return Under Income tax Act of India , taxpayers have given the option to correct their income tax return by filing an Updated Income Tax Return ( ITR U ) or if they have forgot to file ITR and due date is over , then also taxpayer can… Read More »
EPFO circular on Higher Pension NO Pension/2022/56259/654 Dated 20.02.2023 Employees can submit the joint option with the employers using the members’ section of the EPFO website. the Employees’ Provident Fund Organisation (EPFO) has issued a circular on 20.02.2023 to its regional offices with a set of instructions to implement the November 4 judgment of the… Read More »
Exemption claimed u/s 54F disallowed if construction of house not proved – ITAT IN THE ITAT JABALPUR BENCH Bhag Chand Jain v. Deputy Commissioner of Income-tax* SANJAY ARORA, ACCOUNTANT MEMBER AND MANOMOHAN DAS, JUDICIAL MEMBER IT APPEAL NO. 257 (JAB.) OF 2016 [ASSESSMENT YEAR 2012-13] NOVEMBER 9, 2022 Abhijeet Shrivastava, Adv. for the Appellant. Ravi Mehrotra, Sr. DR. for… Read More »
TDS credit to be given in the year of Assessment of Income even if reported by Deductor in Next year : ITAT IN THE ITAT PUNE BENCH ‘C’ Anup Rajendra Tapadia v. Deputy Commissioner of Income-tax S.S. GODARA, JUDICIAL MEMBER AND G.D. PADMAHSHALI, ACCOUNTANT MEMBER IT APPEAL NO. 529 (PUNE) OF 2022 [ASSESSMENT YEAR 2020-21] JANUARY… Read More »
Does the bank deduct TDS on pension payments Most of the pensioner ask this question does the bank deduct TDS on Pension Payments ? Answer is Yes, banks in India are required to deduct TDS (Tax Deducted at Source) on pension payments made to individuals, including pensioners. The TDS rates applicable to pension payments depend… Read More »
Physical filing of forms Allowed for GNL-2, MGT-14, PAS-3, SH-8, SH-9 & SH-11 from 22.02.2023 to 31.03.2023 MCA has received various representations requesting clarification about filing of Form GNL-2, MGT-14, PAS-3, SH-9 and SH-8 during 22.02.2023 to 31.03.2023. The MCA has clarified that above mentioned forms can be filed via physical mode duly signed by… Read More »