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I-T dept searches Transmission Tower manufacturing group in West Bengal
Income Tax Department conducts searches on a prominent Transmission Tower manufacturing group in West Bengal The Income Tax Department carried out a search and seizure operation on 24.08.2022 on a pro...
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176 candidates allocated region for Income Tax Inspector post
GOVERNMENT OF INDIA DIRECTORATE OF INCOME TAX HUMAN RESOURCE DEVELOPMENT CENTRAL BOARD OF DIRECT TAXES Jawaharlal Nehru Stadium, Second Floor, Lodi Road, New Delhi – 110003. F.No. HRD/ CM/ 127/11/ 202...
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Abolish requirements of reporting under Clause 44 of Tax Audit Report: CASS
Chartered Accountants Association, Surat has made a representation to CBDT on Inapt Amendments in Tax Audit Report Form No.3CD with respect to the information sought from Tax Auditors under Clause 44...
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CBDT notifies Andhra Pradesh Pollution Control Board under Section 10(46)
of income Tax Act, 1961 vide Notification No. 103/2022-Income Tax | Dated: 24.08.2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 103/2022-I...
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Representation on issues & disposal of cases under ‘Faceless Appeal Scheme
Gujarat Chamber of Commerce and industries has made a Representation with respect to Hardships / issues faced by the Assessee/taxpayer after introduction of Faceless Appeal Scheme, which require serio...
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Income Tax Department searches Ceramic Tiles Group in Gujarat
Income Tax Department conducts searches in Gujarat The Income Tax Department carried out a search and seizure operation on 09.08.2022 on a business group primarily engaged in manufacturing and trading...
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Carry out due verification before initiating Section 148/147 proceedings: CBDT
Consequent to order passed by Allahabad High Court passing severe strictures and proposing to levy exemplary cost of Rs 50 lakhs in a writ challenging reopening of assessment on wrong facts, CBDT toda...
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Govt designates Special Courts in Chhattisgarh under Black Money Act
Govt designates all the Chief Judicial Magistrate Courts of the State of Chhattisgarh as Special Courts for the purposes of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (...
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CBDT amends rule 17CB to replace words ‘trust or institution’ with ‘specified person’
vide Notification No. 101/2022-Income Tax | Dated: 22nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 101/2022-Income Tax | Dated: 22nd Augu...
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Mandatory E-Filing of Form 10F – Needs Reconsideration
Bombay Chartered Accountants society To, The Chairman, Central Board of Direct Taxes (CBDT) Ministry of Finance, Govt. of India New Delhi. Respected Sir, SUB: MANDATORY E-FILING OF FORM 10F – NEEDS RE...
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CBDT amends rule 128 & relaxes conditions for filing of form no. 67
CBDT amends rule 128 and relaxes conditions for filing of form no. 67 for claiming Foreign Tax Credit vide Notification No. 100/2022-Income Tax. CBDT amends Rule 128 of the Income-tax Rules, 1962, pro...
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Guidance Note on Tax Audit under Section 44AB
of the Income-tax Act, 1961 AY 2022-23 (Effective for the AY 2022-23 and subject to amendments made by law, judiciary or administration, for the subsequent assessment years) Tax Audit is applicable si...
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CS Professional / Executive Programme Exam result on 25.08.2022
Declaration of Result of CS Professional Programme and Executive Programme Examinations – June, 2022 SessionRESULT ANNOUNCEMENTResult of CS Professional Programme and Executive Programme Examinations,...
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5 new Functionality for Tax Payers in GST Portal wef 16.08.2022
GSTNB enables Functionality for Tax Payers in GST Portal wef 16.08.2022 related to CORE Amendment Link For Taxpayers who fail To Update Bank account, Changes in HSN length validation in Form GSTR-1, H...
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Non residents having no PE in India exempted from section 206C(1G) TCS
CBDT notifies that provisions of Section 206C (1G) of Income Tax Act shall not apply to a person (being a buyer) who is a non-resident in terms of section 6 and who does not have a permanent establish...
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CBDT notifies Income Tax Rule 40G Refund claim under section 239A
and Form No. 29D – Application by a person under section 239A of the Income-tax Act, 1961 for refund of tax deducted vide Notification No. 98/2022-Income Tax | Dated: 17th August, 2022.MINISTRY OF FIN...
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CBDT notifies CPPIB India Private Holdings Inc. as pension fund – section 10(23FE)
CBDT notifies CPPIB India Private Holdings Inc. as pension fund under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 vide Notification No...
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Representation to scrap Clause No. 44 of Tax Audit Report (Form 3CD)
Representation requesting to scrap Clause No. 44 of Tax Audit Report (Form 3CD) under the Income Tax Act, 1961Smt. Nirmala SitharamanHon’ble Finance Minister,Ministry of Finance, Government of IndiaNe...
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Instructions for AO after Adverse observations of Allahabad HC
Income Tax Department Issues Instructions for Assessing Officers after Adverse Observations of Hon. Allahabad High Court in in Civil Misc. Writ Petition (Tax) No. 723 of 2022 in the case of S.R. Cold...
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CBDT amends Income Tax Rule 17 and FORM No.10
CBDT vide Notification No. 96/2022-Income Tax | Dated: 17th August, 2022 amends Income Tax Rule 17. Exercise of option etc. under Explanation 3 to the third proviso to clause (23C) of section 10 or se...