Category: Income Tax
As per S. 2(22) of the Income Tax Act, 1961, unless the context otherwise requires, the term “dividend” includes- (a) any distribution by a company of accumulated profits, whether capitalised …
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 …
For AY 2022–23, assessees can claim marginal relief from the surcharge on income tax to mitigate the effect of the additional tax burden that is over and above the …
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 …
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 …
The Income Tax (IT) Department has conducted raids/ search and seizure operation on 14/03/2022, at 25 premises situated in Maharashtra, Karnataka and Tamil Nadu, belonging to a popular chain …
The Union Budget 2022-23, while continuing with the declared policy of stable and predictable tax regime, intends to bring more reforms that will take ahead the vision to establish …
Proposed amendments for rationalisation of IT Provision on Exemption Schemes for Charitable Trust/ Institutions, vide different clauses of the Finance Bill 2022 (budget 2022-23): 1. Income of any fund …
Amendments proposed for withdrawal of exemption under clauses (8), (8A), (8B) and (9) of section 10 of the Income-tax Act, 1961 from AY 2023-24 and onwards, vide Clause 4 of …
Amendment proposed in the provisions of section 248 of Income-tax Act and insertion of new section 239A, vide Clauses 66, 68 and 69 of the Finance Bill 2022 (budget …