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CBDT notifies Somnath Temple as place of historic importance for Section 80G
CBDT notifies Somnath Temple as place of historic importance and a place of public worship of renown under section 80G of Income-tax Act, 1961 vide Notification No. 29/2022-Income Tax Dated: 11th Apri...
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Guidance on updating UDIN for Audit Reports submitted by CA users
The functionality for updating UDIN against the Audit reports submitted by CA users has been enabled at e-filing portal www.incometax.gov.in. Please note that this functionality may not be used for up...
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Contribution to provident fund – Calculation & deduction of taxable interest
EPFO, HEAD OFFICE MINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIA BHAVISHYA NIDHI BHAWAN, 14, BHIKAIJI CAMA PLACE, NEW DELHI 110066 www.epfindia.gov.in No. WSU/6(1)2019/Income Tax/Part-I (E-33306...
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CBDT amends Income Tax rule 2F & rule 8B & release new Form No. 5B & 5BA
CBDT amends Income Tax rule 2F, rule 8B and introduces new FORM NO. 5B – Application for notification of a zero coupon bond under clause (48) of section 2 of the Income-tax Act, 1961 and Form No. 5BA...
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CBDT notifies e-Dispute Resolution Scheme, 2022
vide Notification No. 27/2022 – (Income Tax) | Dated: 5th April, 2022. The dispute resolution under this Scheme shall be made by the Dispute Resolution Committee on applications made for dispute resol...
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Dispute Resolution Committee – CBDT notifies New rules & Forms
CBDT notifies vide Notification No. 26/2022 – (Income Tax) | Dated: 5th April, 2022 Rule 44DAA – Constitution of Dispute Resolution Committee, Rule 44DAB – Application for resolution of dispute before...
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46 Transfer/postings of officers in the grade of DCIT/ACIT
F.No.A.22013/1/2022-Ad.V1 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 1st April, 2022 Office Order No. 61 of 20...
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CBDT notifies 4 Countries under section 89A of Income-tax Act, 1961
CBDT notifies Canada, United Kingdom of Great Britain, Northern Ireland and United States of America under section 89A of the Income-tax Act, 1961 vide Notification No. 25/2022- Income Tax Dated: 4th...
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CBDT Releases Schema for E-Filing Income Tax Returns for Form ITR-1 to ITR-4
ITR-1 For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agr...
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Rule 21AAA Taxation of income from retirement benefit account maintained in a notified countr
CBDT notifies Income Tax Rule 21AAA. Taxation of income from retirement benefit account maintained in a notified country and FORM No. 10-EE vide Notification No. 24/2022-Income Tax Dated: 4th April, 2...
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NHAI discontinue Section 54EC Capital Gain Bonds issuance w.e.f. 01.04.2022
phone : 91-11-25074100/25074200 Fax : 91-11-25093507 / 25093514 National Highways Authority of India (Ministry of Road Transport and Highways) G-5 & 6, Sector-10, Dwarka, New Delhi – 110075 NHAI/11033...
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CBDT notifies Form ITR-7 for AY 2023-14 / FY 2022-23
CBDT notifies Form ITR-7 for Assessment Year 2023-14 / Financial Year 2022-23 vide Notification No. 23/2022-Income Tax Dated: 1st April, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOAR...
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CBDT notifies ‘Kotak Infrastructure Debt Fund Limited’ as infrastructure debt fund
CBDT notifies infrastructure debt fund namely, the ‘the Kotak Infrastructure Debt Fund Limited (PAN : AAACK5920G)’ for the purposes of clause (47) of section 10 of Income-tax Act, 1961 vide Notificati...
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CBDT notifies ITR forms for FY 2022-23/ AY 2023-24
CBDT notifies ITR Forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR4, ITR-5, ITR-6, ITR-V and ITR- Ack for Assessment Year 2023-24/Financial Year 2022-23 vide Notification No. 21/2022 Dated 30th March, 2022....
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Steps to ensure quick registration of companies in India
Ease of Doing Business The Government of India has undertaken a number of steps to ensure the quick registration of companies in India, which are as under: i. A single integrated new web form called S...
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Consequences of Not-Linking PAN with Aadhaar applicable from 01.04.2023
CBDT vide its order Notifies 1st day of April, 2023, as the specified date for the purpose of the proviso to sub-rule (2) of rule 114AAA of the Income-tax Rules, 1962. As per this proviso Where a pers...
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CBDT extends last date for filing of Form No.10AB
CBDT extends the last date for filing of Form No.10AB for seeking registration or approval under Section 10(23C), 12A or 80G of the IT Act,1961. The application for registration or approval in Form No...
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Domestic tour operator not required to collect TCS on sale of overseas tour package to non-resident individuals visiting India
Central Government relaxes provisions of TCS under section 206C(1G) of the Income-tax Act, 1961 in respect of non-resident individuals visiting India Section 206C (1G) of the Income-tax Act, 1961 (the...
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Finance Act, 2022 – Assented by President
Finance Act, 2022 received the assent of the President on the 30th March, 2022. Full text of the same is as follows:- MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 30th March, 20...
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CBDT signs 62 Advance Pricing Agreements in FY 2021-22
Signing of 62 Advance Pricing Agreements by CBDT in FY 2021-22 The Central Board of Direct Taxes (CBDT) has entered into 62 Advance Pricing Agreements (APA) in FY 2021-22 with Indian taxpayers. This i...