Category: Income Tax

CBDT has notified the formats of Form 1, 2 & 2A meant for e-filing of return of taxable transactions under the Securities Transaction Tax (STT) by Recognized Stock Exchanges/ …

CBDT has issued Guidelines/ FAQs for removal of difficulties on TDS u/s 194S(6) of the Income-tax Act, 1961, i.e. deduction of tax on payments of consideration for transfer of …

CBDT notifies the ‘Income-tax (18th Amendment) Rules, 2022’ to amend IT Rule 10TD(3B), i.e. to extend applicability of the provisions of sub-rule (1) and (2A) relating to Transfer Pricing …

CBDT has issued Guidelines/ FAQs for clarification and removal of difficulties in TDS on Provision of Benefits/ Perquisites u/s 194R(2) of the Income-tax Act, 1961, vide Circular 12/2022. It …

ICAI has released it’s new publication ‘Handbook on Statement of Donations Received (May 2022 Edition)‘, in view of recent amendments in the Income tax provisions relating to compliance by …

CBDT has notified the Income-tax (Ninth Amendment) Rules, 2022, to insert new IT Rule 12AB on conditions for mandatory filing of tax return (ITR) by persons referred to in …

CBDT has notified the new ITR Forms applicable for AY 2022-23 (Forms ITR-1 Sahaj, ITR-2, ITR-3, ITR-4 Sugam, ITR-5, ITR-6 and ITR-7), without making any significant changes therein as …

CBDT further extends last date for e-filing of Form No. 10AB to 30/09/2022, in all the cases for which the last date is on or before 29/09/2022, in view …

Ministry of Finance, Govt. of India (GOI) notifies the interest rates for Small Saving Schemes (NSC, PPF, KVP, SSAS, SCSS, etc.) on quarterly basis, i.e. small savings interest rates …

CBDT has notified the Income-tax (Third Amendment) Rules, 2022 to insert new IT Rule 114(5A) to impose penalty on delay/ default in PAN-Aadhaar Linking applicable w.e.f. 01/04/2022, i.e. a …