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Income Tax Department conducts search & seizure in Haryana
Income Tax Department conducts search and seizure operations in Haryana The Income Tax Department had conducted a search and seizure operations on a diversified business group engaged in the manufactu...
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CBDT notifies new Rule 21AJA, Rule 21AJAA & Form No. 10-IK
vide Notification No. 6/2022 | Dated: 14th January, 2022- Rule 21AJA. Computation of exempt income of specified fund, attributable to the investment division of an offshore banking unit, for the purpo...
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Section 10(46) exemption to Assam Electricity Regulatory Commission
Vide Notification No. 5/2022 – Income Tax | Dated: 13th January, 2022 CBDT notifies Tax Exemption to Assam Electricity Regulatory Commission, constituted by the Government of Assam, in respect of the...
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Corrigendum Notification No. 4/2022- Income Tax, Dated: 13.01.2022
Corrigendum to Notification No. 142/2021-Income Tax | Dated: 31st December, 2021 vide Notification No. 4/2022- Income Tax, Dated: 13.01.2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD...
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46 Union Budget 2021-22 Provisions implemented by Government
1. Incentives for Start-ups Eligibility for claiming tax holiday extended for start-ups incorporated till 31.03.22. Threshold limit for eligible start-ups was earlier raised to Rs 100cr. from Rs 25cr....
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Advisory on Form 10CCB to avoid errors in filing & verification
Clarification on Form 10CCB To avoid errors in form filing and verification, kindly ensure that following points are considered: 1. Please assign Form 10CCB to respective Chartered Accountant(CA) from...
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AOTAA files PIL before Orissa HC on the issue of late fee, interest & penalty under Income Tax
All Odisha Tax Advocates Association has filed an PIl before Orissa High Court with following Prayers- (i) Admit the Writ Petition; (ii) Issue notice to the opposite parties as to why writ in the natu...
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Section 10(46) exemption to International Financial Services Centres Authority
Vide Notification No. 3/2022-Income Tax | Dated: 11th January, 2022 CBDT notifies Tax Exemption to ‘International Financial Services Centres Authority’, Gandhinagar, Gujarat, an authority constituted...
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Income Tax Audit Due & ITR Due date for AY 2021-22 extended
On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961, CBDT further extends due dates for filing of Audi...
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Corrigendum to notification notifying Faceless Appeal Scheme, 2021
CBDT has issued CORRIGENDUM Notification No. 02/2022- Income-tax to rectify mistake in Notification No. 139/2021-Income Tax | Dated: 28th December, 2021 vide which Faceless Appeal Scheme, 2021 was not...
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18 Union Budget 2021-22 Provisions implemented by Government
1. Incentives for Start-ups Eligibility for claiming tax holiday extended for start-ups incorporated till 31.03.22. Threshold limit for eligible start-ups was earlier raised to Rs 100cr. from Rs 25cr....
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Tamil Nadu Delta Region CA’s Representation for Extension of due dates
Joint Representation Letter of CA’s in Thanjavur, Thiruvarur, Nagapattinam, Mayiladuthurai and Cuddalore Districts. CAs wrote to FM on the difficulties faced while using the new Income-tax e-filing po...
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Request to extend due date of furnishing Report of Audit for current fiscal year
MAHESH PODDAR MEMBER OF PARLIAMENT (RAJYA SABHA) Member Standing Committee:- Ministry of Finance Consultative Committee :- Road Transport & Highway Joint Committee:- Office of Profit Bureau Member:- B...
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Income Tax Dept searches two groups in the business of quarry operation
Income Tax Department conducts searches in Kerala The Income Tax Department carried out search and seizure operation on 05.01.2022 on two groups, engaged in the business of quarry operation. More than...
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Income Tax Dept searches 3 real estate developers in AP & Telangana
Income Tax Department conducts searches in Andhra Pradesh (AP) and Telangana The Income Tax Department carried out search and seizure operation on 05.01.2022 on three real estate developers, engaged i...
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ICAI requested CBDT to waive penalty for filing of tax audit reports
Public Relations Committee The Institute of Chartered Accountants of India 10th January, 2022 ICAI Press Release ICAI submits representation to CBDT requesting to consider waiver of penalty for filing...
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Request to extended Tax Audit & Related Return due dates for AY 2021-22
The Punjab Accountants Association has requested FM for Extension of due date for filing Tax Audit Reports and related Returns for AY 2021-22 under IT Act. 1961. They request FM to be kind enough and...
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Request for One Month extension for Tax Audit & related filings
BJP, Economic Cell, Bangalore has requested FM for considering extension of Additional One Month from the relevant Due Dates for submission of Report of Audit and related Filings for AY 2021-22. Bhara...
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Request to extend Tax Audit filing date for Assessment Year 2021-22
Rajya Sabha Member CA N. D. Gupta has requested MS. Nirmala Sitharaman, Union Minister of Finance to extend Tax Audit filing date for Assessment Year 2021-22. He requested to extend the date of filing...
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Extend Due date of filing various Tax Audit Reports at least by two months
Jamshedpur Chartered Accountants Society has made a representation to Finance Minister on Relaxation urgently required in Audit Compliance due to outbreak of COVID-19 once again in the whole country....