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Search and seizure action by Income Tax Department in Jharkhand
A search and seizure action was initiated by the Income Tax Department on few business groups engaged in coal trading/ transportation, execution of civil contracts, extraction of iron ore and producti...
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Transfer/postings (Local changes) of 27 officers in the grade of DCIT/ACIT
F. No. A.22013/1/2022-Ad.VI (Part-1) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 01.11.2022 Office Order No. 24...
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Explanatory Notes to Provisions of Finance Act, 2022
CIRCULAR NO. 23/2022 F. No. 370142/48/2022-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) \Dated the 3rd of November, 2022 EXPLANATORY NOTES TO THE P...
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Request to relax confusion created in new registration regime for charitable organizations
Karnataka State Chartered Accountants Association made a representation on 31.10.2022 to Minister of Finance Smt. Nirmala Sitharaman and requested to simplify the confusion created in the new registra...
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CBDT notifies Teacher Retirement System of Texas – section 10(23FE)
CBDT notifies CBDT notifies Teacher Retirement System of Texas as pension fund under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of Income-tax Act, 1961 vide Noti...
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CBDT condones delay in Form 10A filing upto Nov 25
F.No.197/93/2022-ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Circular No. 22/2022-Income Tax | Dated : 01st November, 2022...
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CBDT Proposes common Income-tax Return (ITR) Form
F No 370133/16/2022-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi, 1st November, 2022 Sub: Draft common Income-tax Return-request for inpu...
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CBDT promotes 55 officers to the grade of Pr. CIT
Vide Office Order No. 231 of 2022-Income Tax 55 officers are, promoted to the grade of Principal Commissioner of Income Tax (Pr. CIT) (level 15 in the pay matrix Rs. 1,82,200-2,24,100/-) for the panel...
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CBDT extends due date for filing of TDS statement in Form 26Q for Q2
CBDT extends due date for filing of TDS statement in Form 26Q for the second quarter of Financial Year 2022-23 Considering the difficulties in filing of TDS statement in the revised and updated Form 2...
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Due Date for Return filing for Audit & Related Cases extended to 07th Nov 2022
The Central Board of Direct Taxes (CBDT) has extended the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Income tax Act, 1961 (the Act) for the Assessment Year...
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CBDT approves Krea University, Sricity for Research under Section 35(1)(iii)
CBDT approves Krea University, Sricity for for research in ‘Social science or Statistical research’ for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read w...
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Transfer Pricing – Guidance Note on Report u/s. 92E of Income Tax Act, 1961
GUIDANCE NOTE ON REPORT UNDER SECTION 92E OF THE INCOME-TAX ACT, 1961 (TRANSFER PRICING) [Based on the law as amended by the Finance Act, 2022] (Revised 2022) ICAI Committee on International Taxation...
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FAQ’s on filing of Income Tax Form 3CEB
Income Tax Department, Government of India Question 1: What are the prerequisites for filing of Form 3CEB? Resolution: The following are the prerequisites for filing of Form 3CEB: Taxpayer and CA are...
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CBDT notifies Kerala State Electricity Regulatory Commission under Section 10(46)
vide Notification No. 117/2022-Income Tax | Dated: 19th October, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 117/2022-Income Tax | Date...
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CBDT notifies ‘H P Electricity Regulatory Commission’ under Section 10(46)
vide Notification No. 116/2022-Income Tax | Dated: 19th October, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 116/2022-Income Tax | Date...
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CBDT notifies Norges Bank as sovereign wealth fund U/s. 10(23FE)
CBDT notifies sovereign wealth fund, namely, Norges Bank On Account Of The Government Pension Fund Global vide Notification No. 115/2022-Income Tax | Dated: 14th October, 2022 MINISTRY OF FINANCE (Dep...
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CBDT notifies Ontario Limited as pension fund – section 10(23FE)
vide Notification No. 114/2022-Income Tax | Dated: 13th October, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 114/2022-Income Tax | Dated...
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CBDT notifies jurisdiction of CIT(A) under Faceless Appeal Scheme, 2021
vide Notification No. 113/2022-Income Tax Dated: 13th October, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 113/2022-Income Tax Dated: 13...
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Direct Tax Collections for F.Y. 2022-23 up to 08.10.2022 registers 23.8% growth
Direct Tax Collections for F.Y. 2022-23 up to 08.10.2022 The provisional figures of Direct Tax collections up to 8th October, 2022 continue to register steady growth. Direct Tax collections up to 8th...
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Income-tax (Thirty Third Amendment) Rules, 2022- Amends Rule 114F
CBDT notifies Income-tax (Thirty Third Amendment) Rules, 2022 vide Notification No.112/2022-Income Tax | Dated 7th October, 2022 and amended Income Tax Rule 114F. MINISTRY OF FINANCE (Department of Re...