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Safe Harbour rules for AY 2022-2023 – Income tax Act, 1961
Safe Harbour rules for AY 2022 2023 | Income tax Act, 1961 | Notification No. 66/2022-Income-Tax | Dated: 17th June, 2022 | CBDT amends Rule 10TD of Income Tax Rules, 1962 and extended applicability o...
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Income Tax Department conducts searches in J&K and Delhi
Income Tax Department carried out search and seizure operations on 15.06.2022 on a leading manufacturer and seller of Jamawar Shawls, Pashmina and Kashmiri Shawls. The search operation covered more th...
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Section 194R of Income-tax Act, 1961 – Guidelines & FAQs
CBDT issued Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961 vide Circular No. 12 of 2022-Income Tax | Dated 16th, June, 2022. F. No. 370142/27/...
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Section 194I deduction on payment of lease /supplemental lease rent- Reg.
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 16th June, 2022 Notification No. 65/2022-Income Tax S.O. 2777(E).—In exercise of the powers conferred by sub-...
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CBDT inserted new Income Tax Rule 21AIA & revised Form No.10-IG
CBDT vide Notification No. 64/2022-Income Tax amended Rule 21AI/21AJ/21AJA/21AJAA, Inserted new Rule 21AIA – Other conditions required to be fulfilled by a specified fund referred to in clause (4D) of...
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Net Direct Tax collections for Financial Year 2022-23 grown at over 45%
Net Direct Tax collections for the F.Y. 2022-23 continue to grow at a robust pace further fortifying the economic revival Gross Tax collections for the Financial Year 2022-23 grown at about 40% Advanc...
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High-pitched Scrutiny Assessment- Revised Instruction – Local Committees
Revised Instruction for constitution and functioning of Local Committees to deal with taxpayers’ grievances due to high-pitched Scrutiny Assessment In line with CBDT’s policy and commitment towards pr...
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Reg. Order under Para 4 of Faceless Penalty Scheme, 2021
F No. 187/4/2021-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi — 110001. Dated the 10th June, 2022 ORDER Order under Para 4...
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CBDT sets up Units under section 144H(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 .1 axes (ITA Division), North Block, New Delhi 110001 Office Order -2 | Dated the 10th June...
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Setting up of NaFAC under section 144B(3) of Income-tax Act- Reg.
F No. 1871312020-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi – 110001. Dated the 10th June, 2022 Office Order -1 Setting...
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Changes in ITBA functionalities for Faceless Assessment
Roll out of first phase of changes in ITBA functionalities for Faceless Assessment due to amendments in Section 144B by Finance Act, 2022. National Faceless Assessment Centre, Delhi 4th Floor, Mayur B...
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Notification No. 63/2022-Income Tax, Dated: 15.06.2022
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 15th June, 2022 Notification No. 63/2022-Income Tax S.O. 2754(E).—In exercise of the powers conferred by clau...
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Cost Inflation Index for Financial Year 2022-23
CBDT notifies Cost Inflation Index for Financial Year 2022-23 at 331 vide Notification No. 62/2022-Income Tax | Dated: 14th June, 2022. Ministry Of Finance (Department Of Revenue) (Central Board of Di...
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After 74 days CBDT Releases Excel offline Utility of ITR-5
CBDT on 14th June 2022 has finally released after 74 days Excel offline Utility of ITR-5 [For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7] for Assess...
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Notification No. 61/2022 – Jurisdiction of Income tax Authorities
Section 120(1) (2) and (5) of the Income-Tax Act, 1961 – Jurisdiction of Income tax Authorities Supersession of Notification No. 23/2021 dated 31st March, 2021- Notification No. 61/2022 – Income Tax |...
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Notification No. 60/2022-Income Tax – Control of income-tax authorities
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 60/2022-Income Tax | Dated: 10th June, 2022 S.O. 2692(E).—In exercise of the powers conferred by...
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Inspector of Income Tax to submit Preference of Allocation of Region
GOVERNMENT OF INDIA MINISTRY OF FINANCE CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) 2nd Floor, Jawahar Lal Nehru Stadium, Gate No. 1, New Delhi – 110003. F.No....
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Procedure for sharing information with tax deductors/collectors
DGIT(S)/ADG(S)-2/Compliance Check/432/2021-22 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 01 of 2022-Income Tax New Delhi...
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Govt releases Income Tax e-book ‘Pratidhwani’
Union Minister of State for Finance Dr. Bhagwat Kishanrao Karad releases e-book ‘Pratidhwani’ as part of Iconic Week celebrations of Ministry of Finance Union Minister of State (MoS) for Finance Dr. B...
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Govt releases CBDT’s e-book ‘Aarohan’
Union Minister of State (Independent Charge) Dr. Jitendra Singh releases CBDT’s e-book “Aarohan” Dr. Jitendra Singh, Union Minister of State (Independent Charge) Science and Technology, MoS (Independe...