Faceless Assessment

The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalised in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds, major tax evasion, sensitive & search matters, International tax and Black Money Act. Read More

Read More

TCS -Recent Provisions

Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) are the most convenient mode of tax collections by the government. The scope of TDS and TCS keeps on expanding year after year. The Finance Act, 2020 has also made certain further amendments to the Income-tax Act which has expanded the scope of TDS and TCS provisions. Read More

Read More

Extension of Due Date of Return

Testing thThe Government issued a Notification on 24th June, 2020 under the Ordinance which, inter alia, extended the due date for all Income Tax Returns for the FY 2019-20 (AY 2020-21) to 30th November, 2020. Hence, the returns of income which were required to be filed by 31st July, 2020 and 31st October, 2020 are required to be filed by 30th November, 2020 Read More

Read More
158091 Times Visited