04 Jun 2022

Mandatory ITR Filing even if the Income is below the Basic Exemption Limit

By Authored by Himanshu Sharma
Category Income Tax
Views 649

What are the new rules for ITR filing even if the income is below the basic exemption level? What is Rule 12AB? What are the rules for filing ITR? When to file an ITR?

20 May 2022

Understanding Form 10BD – A New Step Towards Bringing in More Transparency in Donation Reporting System

By Authored by CA Rahul Pareva
Category Income Tax
Views 5197

What is the procedure for filing Form 10BD? How to file Form 10BD online? What is the late fee for Form 10BD? What is the Certificate of Donation? What is the due date for filing Form 10BD?

19 Apr 2022

Decoding Sections 54 and 54F of the Income Tax Act, 1961

By Authored by CA Rahul Pareva
Category Income Tax
Views 2935

What are section 54 and section 54F? How to claim exemption on long-term capital gains? How much exemption can be claimed u/s 54 and 54F? What is a capital gain account scheme?

21 Mar 2022

Significant Amendments in the Provisions of Income Tax Act in Finance Bill, 2022

By Authored by CA Manish Gupta
Category Income Tax
Views 911

What are the Income Tax amendments of budget 2022? What is the taxability of cryptocurrency? What is an updated return? What exemption is available for the amount received for Covid treatment?

15 Feb 2022

Can I file ITR for Financial Year 2020-21 after 31stDecember 2021?

By Authored by CA Rahul Pareva
Category Income Tax
Views 829

Can I file my ITR for FY 2020-21 after 31stDecember 2021? What is a belated return? What is the penalty for late filing of return?Till when can I file the belated return?