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Rules regarding Updated  Return under new Income Tax Rules.

Rules regarding Updated Return under new Income Tax Rules.

by admin | May 2, 2022 | Income Tax

Spread the love          Tweet    Any person , Whether or not he has not furnished an original return, belated return or revised return, may furnish an updated return of his income till 24 months from...
New criteria for filing return of income under Indian IncomeTax:

New criteria for filing return of income under Indian IncomeTax:

by admin | Apr 26, 2022 | Income Tax

Spread the love          Tweet    Rule 12AB has been inserted by way of notification No. 37/2022.Freshly inserted Rule 12AB provides for conditions for furnishing return of income by persons referred to...
Income Tax Relief to income arising from retirement funds:

Income Tax Relief to income arising from retirement funds:

by admin | Apr 15, 2022 | Income Tax

Spread the love          Tweet    Some countries tax income from such foreign retirement benefits accounts on receipt basis. However, the amount withdrawn from such account is chargeable to tax in India...
50 Transactions to be reported in New Annual Information Statement (AIS)

50 Transactions to be reported in New Annual Information Statement (AIS)

by admin | Apr 11, 2022 | Income Tax

Spread the love          Tweet    So be alert & careful in misuse of PAN Number The Income Tax Department has announced the roll-out of a new statement namely Annual Information Statement (AIS) which...
FINANCE MINISTRY NOTIFIES E-ADVANCE RULING SCHEME, ALLOWS FILING E-MAIL APPLICATION – THE ECONOMIC TIMES

FINANCE MINISTRY NOTIFIES E-ADVANCE RULING SCHEME, ALLOWS FILING E-MAIL APPLICATION – THE ECONOMIC TIMES

by admin | Jan 25, 2022 | Income Tax

Spread the love          Tweet    The finance ministry has notified the ‘e-advance rulings Scheme’, enabling taxpayers to file their application for advance ruling through e-mail, a move that...

Landmark Judgement : If loan was not received during the relevant assessment year, no addition can be made under section 68

by admin | Dec 30, 2021 | Income Tax

Spread the love          Tweet    Short Overview  Where AO made addition under section 68 in respect of a loan received by assessee, however, it was found that the said loan was not received during the...
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Intellex was set up by Sudheendra Kuamr, a Chartered Accountant with more than 25 years of experience in top notch Indian and Global Companies in areas like Investment Banking, Financial Services, Accounting, Auditing, Taxation and Statutary Compaliances etc. Our organisation was set up in 2002 based in Mumbai.
  • INTERNAL AUDIT AND RISK MANAGEMENT
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