New List of Banks Authorized for Income Tax Payment Axis Bank, Central Bank of India, ICICI Bank and Indian Bank have been migrated from OLTAS e-Payment of Taxes at Protean (previously NSDL) to e-Pay Tax facility at the e-Filing portal for payment of taxes henceforth. Taxpayers are advised to use Deductor’s TAN for making TDS/TCS… Read More »
New Malware targets Indian INCOME TAX PAYER I CA Satbir Singh
FAQs on Challan Status Inquiry (CSI) facility for TDS Return from Income Tax Website Download Click here
Circular No. 23/2022 -Explanatory Notes to the provisions of the Finance Act, 2022 Download Click here
No Penalty if Tax Audit not done on the basis of ICAI Guidance Note : ITAT Where assessee was under bona fide belief that as per GuidanceNote issued by ICAI on ‘tax audit under section 44AB’ net result in derivative transaction was to be considered as turnover and accordingly, he would not be liable to get his… Read More »
NEW ITR FILING CHANGE I CASH DETAILS TO BE GIVEN I CA SATBIR SINGH
NEW CHANGE IN ITR FILING I COMMON ITR I ASSET &LIABILITIES DISCLOSURE I CA SATBIR SINGH
NEW DRAFT COMMON ITR FORMS The CBDT has proposed to introduce a common ITR by merging all the existing returns of income except ITR-7. This will give an option to taxpayers to file the return either in the existing form or the proposed common ITR, at their convenience. Dowbnload Click here
How to Handle Income Tax Problems, 31st Ed, 2022, Set of 2 Vol BUY ONLINE CLICK HRE Containing FAQs & practical problems and its solutions in easy to follow language with guidelines on art of handling the tax matters and ideas for tax-planning under various heads of income together with Tax rates, Depreciation rates, Cost… Read More »
HOW TO CHECK SALARY reported by Employer to INCOME TAX DEPARTMENT I CA SATBIR SINGH