Circular No. 08/2021: Dated 30th April 2021
Extension of time lines related to certain compliance by the taxpayers under the Income Tax Act, 1961
A New Route of Tax Knowledge
Changes and Amendment
Extension of time lines related to certain compliance by the taxpayers under the Income Tax Act, 1961
In FY 2020-21, the government has announced a package of Rs. 20 Lakhs crore in which TDS rates were revised and cut by 25%. For this, the effective dates were 14 May 2020 and it remained applicable till 31st March …
In Budget 2021, FM Smt. Nirmala Sitharaman has left personal Income Tax Rates unchanged, however, it comes with some other changes in Income Tax that will help ease the compliance for taxpayers. Here are the Some Income Tax Changes From …
Section 206AB and Section 206CCA – Special provision of TDS and TCS for non-filers of Income Tax Return at Higher Rates.
Section 206AB and Section 206CCA – Special provision of TDS and TCS for non-filers of Income Tax Return at Higher Rates.
Section 194P Conditional Relaxation for senior citizens who are of the age of 75 year or above from filing return of income-tax under Union Finance Bill 2021/ Budget 2021.
New form 26AS- From Assessment year 2021-22, the department has changed the format of form 26AS. Taxpayers will see improved form 26AS called Annual Information Statement, applicable from 01st June 2020. AIS is the new format as prescribed by the …
Form 26AS is a Tax credit Statement, which shows details of tax deducted, tax collected, self-assessment tax paid, advance tax paid, income tax refund received, etc. Since the 1st June scope of form, 26AS has become wide and it now …