Category: Income Tax
ICAI has invited suggestions from members/ stakeholders, latest by 10/10/2022, on issues/ concerns relating to Direct Taxes (including International Taxation) and Indirect Taxes (including GST, etc.) for inclusion in …
CBDT notifies the Income-tax (31st Amendment) Rules, 2022, to insert new IT Rule 12AD/ Form ITR-A regarding filing of Return of Income by a Successor Entity u/s 170A w.e.f. …
CBDT has issued a fresh set of Guidelines on Compounding of Offences under the Income Tax Act, 1961, in supersession of the earlier Guidelines on the subject issued in …
CBDT has issued initial set of 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 …
From time to time ICAI has issued the updated version of Guidance Note on Tax Audit u/s 44AB after incorporating the changes/ amendments in provisions relating to tax audit …
CBDT amends IT Rule 128(9) to provide major relief to Indian taxpayers regarding Foreign Tax Credit (FTC) claims by allowing extended timeline to file Statement in Form No. 67. …
CBDT has notified that TCS provisions under IT Section 206C(1G) shall not be applicable in the case of Non Resident buyers who don’t have a Permanent Establishment (PE) in …
New IT Section 239A has been inserted by the Finance Act 2022, which provides for refund of tax deducted (TDS) u/s 195 on any income (other than interest income) …
CBDT has amends the IT Rule 17/ Form 10 to allow accumulation of income by entities approved u/s 10(23C) also, for a period upto 5 years where utilization thereof …
CBDT notifies new IT Rule 17AA to prescribe the Books of Account and other documents which are required to be kept and maintained in the case of Trusts/ NGOs/ …
