News & FAQs

CBDT issues clarification on Compliance Window for black money holders

News & FAQs | By ALOK PATNIA | Jul 9, 2015

Black Money Holders be alert as there is no way left to escape. Everything is now in place and Government has announced that this is the ...

Income Tax Return filing – Choose your Tax Return Form for AY 2015-16

News & FAQs | By ALOK PATNIA | Jun 28, 2015

New though simplified things seems a bit confusing at the beginning. If the case relates to ITR Forms then people tends to get confused a...

One step closer to fast track appeal, Commissioner to issue final order within 15 Days

News & FAQs | By ALOK PATNIA | Jun 26, 2015

While filing the return, somehow we all pray that our return does not get selected for the scrutiny. As because we all know that once tax...

Committees set up to fast track implementation of GST in India

News & FAQs | By ALOK PATNIA | Jun 26, 2015

Small steps are constantly taken by our government to fulfill the dream of GST in India. Last month, GST Constitutional Amendment Bill wa...

Race for filing Income Tax Return begins with simplified ITR Forms

News & FAQs | By ALOK PATNIA | Jun 24, 2015

New and simplified ITR Forms are finally available on the income tax site. The Income Tax department has notified the new set of ITR form...

No Late Fees u/s 234E to be levied before June 2015 during proceeding under section 200A

News & FAQs | By ALOK PATNIA | Jun 19, 2015

1st June, 2015 was marked as effective date of amendments. With the coming of such amendments, issues relating to its clarity have also b...

Income Tax Return can be filed for 6 Assessment Years to Claim TDS Refund

News & FAQs | By ALOK PATNIA | Jun 18, 2015

Missed out to claim refund for past years? We all are aware that for last 2 years, we have options to file Income Tax Return and claim ou...

To invoke deemed dividend, shares held by shareholder alone be basis to determine substantial int...

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jun 12, 2015

Dividend” includes‑(e) any payment by a company, not being a company in which the public are substantially interested, of any sum by way ...

Claim refund even if there is delay in filing refund claim

Every year CBDT receives numerous applications for condonation of delay in filing returns claiming refund and returns claiming carry forw...

Mark the important amendments effective from June1

News & FAQs | By ALOK PATNIA | Jun 2, 2015

From 1st June, 2015, many amendments are coming into effect. Complying of such amendments are mandatory from the effective date. As we kn...

RBI reduces Repo Rate third time this year by 25bps

News & FAQs | By ALOK PATNIA | Jun 2, 2015

As expecte, RBI Governor, Raghuram Rajan, today cut the Repo Rate by 25basis points in the central bank’s monetary review policy. The rep...

Due date for ITR Filing extended to August 31..Simplified forms introduced

News & FAQs | By ALOK PATNIA | May 31, 2015

As we are entering the month of June, what is the top most things in our mind? What is that which has set to create a pressure on us. Yes...

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