Income Tax department releases Form No. 26QD vide notification no. G.S.R. 858(E) for filing TDS returns, of transactions which are required to be deducted u/s 194M of the Income Tax Act, 1961- “Payment of certain sums by certain individuals or Hindu undivided family”
ITR-6 & ITR-7 utilities are modified to fix bugs identified while filling Schedule FSI and TDS. These issue fixes has no impact on XML schema which remains same and for those taxpayers where these schedules are not relevant. For those taxpayers who are entering data in these schedules, it is requested that they may download […]
Income tax department is launching ‘e-Filing Lite’, a lighter version of e-Filing portal with a focus on filing of Income Tax Return (ITR) by the taxpayers. The same can be accessed by clicking ‘e-Filing Lite’ button in home page. The current e-Filing portal having all the services can be accessed by clicking on ‘Portal Login’ […]
22/07/2019 ITR-2 & ITR-5 utilities are modified to fix bugs identified while filling Schedule FA in ITR-2 (Java utility), Partners information is ITR-5 (Java utility) and Part A-General answer to Investment Fund query in ITR-5 (Excel utility). These bug fixes has no impact on XML schema which remains same and for those taxpayers where these […]
Relevant Year: – Financial Year 2018-19, Assessment Year 2019-20. The due date for filing Income Tax Returns for Financial Year 2018-19 is coming closer and there are a lot of changes made to the Income Tax Forms. Here we have briefly explained the various changes that have taken place in the Income Tax Return Forms […]
CBDT extends due date for filing of TDS statement in Form 24Q The Central Board of Direct Taxes (CBDT) had earlier notified amended Form 24Q for filing TDS statement by deductors of tax vide Notification No. 36/2019 dated 12th April, 2019. Subsequently, the File Validation Utility (FVU) for online filing of Form 24Q was updated […]