Notices For Assessment And Reassessment Under The Income Tax Act, 1961

There are many notices which have been defined under the income tax act, 1961 and the purpose of each notice is different in each case. There are notices which can be issued when you file the return of income like section 143(2) and notices issued when you did not file return like 144. Although, in … Read more Notices For Assessment And Reassessment Under The Income Tax Act, 1961

Latest Changes made in the ITR-1 (Sahaj) and ITR-4 (Sugam) for A.Y. 2020-21

Changes in ITR-1 and ITR-4

Recently, the Central Board of Direct Taxes (CBDT) has notified two Income Tax Return (ITR) forms which shall be applicable for the assessment year 2020-21. Generally, as per the past experience, it is seen that the tax department issues the new ITR forms in the first week of April of the relevant assessment year. For example: In … Read more Latest Changes made in the ITR-1 (Sahaj) and ITR-4 (Sugam) for A.Y. 2020-21

Income Tax Calendar 2020 for ITR filing

Income tax Calendar 2020

Overview:-  Income Tax Calendar is merely a reminder to recall the Taxpayer for filing the ITR filing or other form compliance within the time as per due dates of Income Tax. If compliance doesn’t make then Taxpayer has to face severe penalties in each different case which are not condonable by the Income Tax department. So in … Read more Income Tax Calendar 2020 for ITR filing