Karnataka CA Association Raises 11 Income Tax Portal Glitches before CBDT, Submits Representation
The income tax portal issues are giving a lot of trouble to the tax taxpayers, CAs and tax filers as the due date for filing Income Tax Returns ( ITR...
Income Tax Portal Update: Income Tax Department updates latest Income Tax Act after Finance Act 2024 Amendments
The Income Tax Department has announced a significant update to the Income Tax Portal, incorporating the latest provisions of the Income Tax Act as amended by the Finance Act 2024. This update aims...
Income Tax Portal Update: CBDT enables Online and Offline Filing of ITR-1, ITR-2, ITR-4 and ITR-6 in e-Filing Portal
In a move aimed at streamlining tax filing for citizens, the Income Tax Department has announced the availability of online and offline filing for ITR forms 1, 2, 4, and 6 on the e-filing portal. ...
CBDT enables Form-1 for Ship and Aircraft Leasing Business, Form-10IEA, Form-10IFA, and Form-3AF in Income Tax Portal
The Central Board of Direct Taxes ( CBDT ) has released several Forms crucial for businesses in the aviation and maritime sectors. These updates aim to streamline tax processes and provide clarity on...
Online Income Tax appeal and Stay Petition Concerning Assessment Order A.Y. 2020-21 filed beyond Statutory time limit: Kerala HC dismisses Writ Petition [Read Order]
The Kerala High Court dismissed a writ petition concerning the online income tax appeal and stay petition related to the assessment order for the assessment year 2020-21, which was filed beyond the...
![Online Income Tax appeal and Stay Petition Concerning Assessment Order A.Y. 2020-21 filed beyond Statutory time limit: Kerala HC dismisses Writ Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Income-Tax-Kerala-High-Court-Income-tax-news-Income-tax-portal-taxscan.jpg "Online Income Tax appeal and Stay Petition Concerning Assessment Order A.Y. 2020-21 filed beyond Statutory time limit: Kerala HC dismisses Writ Petition [Read Order]")
Major Error in data of the securities market (SFT-17): Income Tax Compliance Portal shows inflated Income, shows Rs. 450 as 45000
SFT-17 Error in data populated from reporting entities caused a shock to taxpayers with transactions in the securities market, where income of Rs. 450 was shown as Rs. 45000. Notably, the Income...
No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) while granting relief to Sony India the bench held that liability does not arise since failure to demand notice with respect to interest...
![No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Sony-India-tax-case-Fringe-Benefit-Tax-Sony-India-taxscan.jpg "No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]")