TAX ADVISOR - YOUR OWN TAX GUIDE

 Have you filed your Income Tax Return for FY 2020-21 (AY 2021-22) Yet?  If Yes, then had you checked your AIS (Annual Information Statement) & TIS (Taxpayer Information Summary) before filing your Income Tax Return. If No, then perhaps YOU HAVE MADE A BIG MISTAKE WHILE SUBMITTING YOUR INCOME TAX RETURN. Income Tax Department has rolled out the new Annual Information Statement (AIS) on the Compliance Portal which provides a comprehensive view of information to a taxpayer with a facility to capture online feedback.  The new AIS can be accessed by clicking on the link  “Annual Information Statement (AIS)” under the  “Services” tab on the new Income tax e-filing portal (https://www.incometax.gov.in) The display of Form 26AS on the TRACES portal will also continue in parallel till the new AIS is validated and completely operational.  The new AIS includes additional information relating to interest, dividend, securities transactions, mutual fund transactions...

  Statutory and Tax Compliance Calendar for November   2021 & Onwards   Hope you all are safe. Due to COVID 19, many due dates were extended by Government. We have tried to compile updates till 30 th October 2021 and Please note List of Compliance may not be an exhaustive list of Compliances.   Income Tax Act Compliance Calendar :-   ·       07/11/2021 a.     Due date for deposit of Tax deducted/collected (TDS/TCS) for the month of October 2021. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan b.     Due date for deposit of Equalization Levy for the month of October   2021.   •      14/11/2021 a.        Due date for issue of TDS Certi...