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income tax

Finance Ministry interaction with tax professionals, other stakeholders and Infosys on issues in new Income Tax Portal

A meeting was held between senior officials of the Finance Ministry and Infosys on 22.06.2021 on issues in the new Income Tax Portal. The...

How to do Compliance Check for Section 206AB & 206CCA

Section 206AB and 206CCA are inserted in the Income-tax Act,1961 via Finance Act 2021 are now effective from 1st July 2021. These sections impose...

New Income Tax e-Filing portal: Authorise a person to act on your behalf

The Income-tax department has come up with a new e-Filing portal (ITR e-filing 2.0) which has been effective from 7th June 2021. Under the new ITR e-filing...

CBDT issues functionality for Compliance Check for Sections 206AB & 206CCA

CBDT (Central Board of Direct Taxes) has issued a functionality to verify whether the Vendors have filed a tax return for compliance with Section...

Cost Inflation Index (CII) for the Financial Year 2021-22

The CBDT has notified the Cost Inflation Index (CII) for FY 2021-22 as 317 via notification released on 15th June 2021. The CII helps...

Are You Filing ITR This Year? Bear in Mind These Important Points

The due date for filing income tax returns (ITR) for a financial year (FY) is usually 31st July of the succeeding FY. However, for...

Section 206AB: TDS on Non Filers of ITR

The Finance Act 2021 has introduced a new section called Section 206AB of the Income Tax Act 1961, which mandates the person paying the...

Protection and Benefits Provided Under RERA for Homebuyers

The government enforced the Real Estate (Regulation and Development) Act, 2016 (RERA Act) for protecting the interests of the homebuyers. This Act also provided...

5 tips to help NRIs optimize tax savings while living and earning abroad

Are you an NRI? or your client, friend, relative, or family member do? If the answer is no, then this article is not for...

Senior Citizens not having Business Income exempt From Advance tax

As per section 208, every person whose estimated tax liability for the year exceeds Rs. 10,000, shall pay his tax in advance in the...

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Taxclue
TaxClue Team

Taxclue is an online news portal for reporting all news, articles, judgments, Circulars, orders, and notifications relating to various corporate and tax laws in India. We use the tagline ‘Simplifying Laws’. Our mission is to Simplify the Laws and make people aware of their rights and duties in relation to tax matters in order to equip them to participate in nation-building.