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Exercise of power by PCCIT for performance of functions by CIT(A)
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi Notification No. 14/2023-Income Tax | Dated: 21st March, 2023 S.O. 1329(E).—In exercise of the powers...
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Roll out of ‘AIS for Taxpayer’ Mobile App
The Income Tax Department has launched a Mobile app, namely, ‘AIS for Taxpayer’ to facilitate taxpayers to view their information as available in the Annual Information Statement (AIS) / Taxpayer Info...
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Demonetisation and its effect on Indian economy
No study on effect of withdrawal of legal tender character of the Specified Bank Notes (SBNs) on Indian economy has been published by the Government. This was stated by the Union Minister of State for...
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72.42 Lakh is highest number of ITR filing in a day on 31st July 2022
42.92% of total returns were processed within a span of 24 hours of furnishing of ITR. 19 banks onboarded on online tax payment system TIN 2.0. The Government has taken a number of measures in recent...
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Income Tax Launches Mobile App For AIS View
Income Tax Department is pacing with technology and now it has launched mobile application for AIS view. Now the taxpayer can view AIS within a click. The assessee can also provide feedback on informa...
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Representation Against Proposed Amendment In Section 43B
NATIONAL CHAMBER OF INDUSTRIES & COMMERCE, U.P. NCIC/24/2022-23/ Dated:16 March, 2023 To, Smt. Nirmala Sitharamanji, Hon’ble Union Minister for Finance Govt. Of India 15 Safdarjung Road New Delhi Subj...
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Notification No. 13/2023-Income Tax, Dated: 14.03.2023
CBDT notifies Notification No. 13/2023- Income Tax, Dated: 14.03.2023 to amend notification number S.O.1911(E) dated the 21st April, 2022 to replace the words Ariyalur & Kanniyakumari with the words D...
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Oblivious status of appeals before CIT(A)
Chartered Accountants Association, Surat Ref: CAAS/Representations/2022-23/09 Date: 10-03-2023 To, The Finance Minister, 134, North Block, New Delhi – 110011 Subject: Oblivious status of appeals befor...
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How to respond Income Tax Notice where user not have E-filing Account
The Income Tax e-Portal has added a new feature that allows taxpayers to respond to any ITBA notice/document DIN that is not linked to a PAN/TAN or Notice under Section 133(6) where the user does not...
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CBDT amends ITR form for AY 2023-24 for the second time
CBDT notifies ITR forms for AY 2023-24/ FY 2022-23 Except ITR-7 vide Notification No. 04/2023-Income Tax Dated: 10.02.2023 and notified ITR-7 vide Notification No. 05/2023-Income Tax Dated: 14/02/2023...
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Section 10(46) CBDT notifies Karnataka State Building and Other Construction Workers Welfare Board
CBDT notifies Karnataka State Building and Other Construction Workers Welfare Board under Section 10(46) of income Tax Act, 1961 vide Notification No. 12/2023-Income-Tax Dated: 3rd March, 2023. MINIST...
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Setting up of Units under section 144B(3) of Income-tax Act, 1961
F No. 187/3/2020-ITA-1 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi — 110001 Dated the 01st March, 2023 Office Order -2 Setting...
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Setting up of Appeal Units under Faceless Appeal Scheme 2021
F No. 187/4/2020-ITA-1 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi — 110001 Dated the 01st March, 2023 OFFICE ORDER -4 Subject:...
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CBDT amends Income tax Notification No. 61/2022 dated 10th June, 2022
Notification under sub sections (1), (2) and (5) of section 120 of the Income tax Act, 1961 (43 of 1961) – Notification No. 10/2023-Income Tax Dated:1st March, 2023 MINISTRY OF FINANCE (Department Of...
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CBDT notifies IBBI under section 10(46) of Income tax Act 1961
Notification No. 09/2023- Income Tax Dated: 01st March, 2023 under section clause 46 of section 10 of Income tax Act 1961 in case of Insolvency and Bankruptcy Board of India (IBBI). MINISTRY OF FINANC...
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CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23
Vide Notification No. 8/2023-Income Tax| Dated: 28th February, 2023 CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRE...
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High-Risk CRIUNRU PAN Case and High-Risk CRIUNRU Non-PAN Cases
Directorate of Income Tax (Systems), ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 Insight Instruction No. 65 Dated: 20.02.2023 F. No. DGIT(S)-ADG(S)-2/CRIU VRU High Risk PA...
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Verification module of Insight portal for Assessment, Investigation & TDS wings
Directorate of Income Tax (Systems), ARA Centre, Ground Floor, E-2, Jhandewalan Extension, fa-M1 / New Delhi – 110055 Insight Instruction No. 64 Date: 20.02.2023 F. No. DGIT(S)-ADG(S)-2/CRIU VRU High...
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High-Risk Non-PAN Transaction cases on Verification module of Insight portal
Directorate of Income Tax (Systems), ARA Centre, Ground Floor, E-2, Thandewalan Extension, New Delhi – 110055 Insight Instruction No. 63 Date: 20.02.2023 F. No. DGIT(S)-ADG(S)-2/High Risk Transaction...
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CBDT amends Audit Report Format of Trust (Form No. 10B) & Rule 16CC & 17B
CBDT amends Rule 16CC Form of report of audit prescribed under tenth proviso to section 10(23C), Rule 17B Audit report in the case of charitable or religious trusts, etc. and ‘FORM No. 10B – Audit rep...