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Suggestion for improvement in IT department & for reducing Trust Deficit
Income Tax Dept. Co-ordination Committee of AIFTP has sent Representation to CBDT containing Suggestion for improvement in I.T. department and for reducing Trust Deficit.Full text of the representatio...
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Aadhaar Linking, penalty proceedings completion due date extended
Ministry of Finance Government extends certain timelines to ease compliances Posted On: 17 SEP 2021 The Central Government, in continuation of its commitment to address the hardship being faced by var...
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CBDT notifies pension fund, namely ‘276522 Ontario Limited’ | Section 10(23FE)
CBDT notifies pension fund, namely, ‘276522 Ontario Limited’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 in respect of the eligi...
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CBDT notifies pension fund, namely ‘2452991 Ontario Limited’ | Section 10(23FE)
CBDT notifies pension fund, namely, ‘2452991 Ontario Limited’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 in respect of the elig...
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Representation on Non acceptance of 115BAC cases on IT Portal
16th September 2021 To, The Chairperson, CBDT chairmancbdt@nic.in Member (Income Tax & Revenue) member.itr.cbdt@incometax.gov.in Member (Tax Payers Services) member.tpss.cbdt@incometax.gov.in Dear Sir...
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CBDT extends ad-hoc appointments of 100 ACIT
F.No. A-32013/1/2018-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** North Block New Delhi The 14th September 2021. Office Order No. 245 of 20...
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Meeting of BRICS Heads of Tax Authorities and Experts on Tax Matters
Ministry of Finance Meeting of BRICS Heads of Tax Authorities and Experts on Tax Matters held virtually under Chairship of India Posted On: 15 SEP 2021 The Heads of Tax Authorities of the BRICS countr...
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Representation for 18 issues assessee is facing in new Income Tax Portal
DTPA appraises FM about the problems and issues faced by the assessee and professionals in new Income Tax Portal after three months since its launch. DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax...
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Request to resolve issues in newly launched Income Tax Portal
Resolution sought for problems being faced in the newly launched Income Tax portal/Request to resolve the problems & hardships faced by the Common Tax Payers for various compliance under Income Tax Ac...
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CBDT notifies new Income Tax Rule 12F
CBDT notifies Income tax Rule 12F. Prescribed income- tax authority under second proviso to clause (i) of sub-section (1) of section 142 vide Notification No. 109/2021-Income Tax | Dated: 13th Septemb...
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No section 206C(1H) TCS on transfer of goods by Air India to holding company
Central Government hereby specifies that, Air India Limited (PAN: AACCN6194P) shall not be considered as ‘seller’ for the purposes of sub-section (1H) of section 206C of the said Act in relation to tr...
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No Section 194Q TDS on transfer of goods by Air India to holding company
Central Government hereby specifies that no TDS shall be deducted under section 194Q in case of transfer of goods by Air India Limited to Air India Assets Holding Limited under a plan approved by the...
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No Section 194IA TDS on payment by Air India limited to holding company for property
Central Government hereby specifies that no TDS shall be deducted under section 194-IA of Income Tax Act on any payment made to the Air India Limited for transfer of immovable property to Air India As...
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Transfer from Air India limited to holding company will not be treated as transfer: CBDT
Transfer of capital asset under plan approved by Central Government from Air India Limited being transferor public sector company, to Air India Assets Holding Limited being transferee public sector co...
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Section 10(46) exemption to ‘District Mineral Foundation Trust’
Vide Notification No. 103/2021-Income Tax | Dated: 10th September, 2021 CBDT notifies Tax Exemption to ‘District Mineral Foundation Trust’ . MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD...
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CBDT extends due dates of ITR & various Audit reports for AY 2021-22
CBDt has vide press release and Circular No. 17/2021 dated 09th September 2021 extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22. Full text of...
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CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment
vide press release and notification No. Notification No. 105/2021-Income Tax Dated 10.09.2021. Ministry of Finance CBDT issues clarification regarding carry forward of losses in case of change in shar...
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I-T Dept searches 3 Commission agent groups based in Punjab
Ministry of Finance Income Tax Department conducts searches in Punjab and Haryana Posted On: 10 SEP 2021 The Income Tax Department conducted search and seizure operations on 08.09.2021 on three promin...
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Income Tax Dept searches prominent business houses of Gujarat
Ministry of Finance Income Tax Department conducts searches in Ahmedabad Posted On: 10 SEP 2021 The Income Tax Department carried out a search and seizure operation on 08.09.2021 on a group based in A...
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CORRIGENDUM to Notification No. 101/2021-Income Tax
[G.S.R. 616(E)] Dated: 6th September, 2021 related to removal of Requirement of using DSC for efiling of submissions in e-proceedings. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIR...