Category: Income Tax
Start-ups established during the block period of 01/04/2016 to 31/03/2022 were eligible for tax incentives in three consecutive years out of ten years from the date of incorporation. In …
Amendments proposed in Section 94(8) of the Income Tax act, to enforce applicability of bonus stripping and dividend stripping provisions in the case of securities and units also, vide …
Amendments proposed in sections 201(1A) and 206C(7) of the Income Tax to provide clarity and to avoid litigation caused by misinterpretation, which provides to abide by the computation of …
Amendments proposed on Rationalization of provisions relating to assessment and reassessment under the Income Tax Act, vide Clauses 35, 36, 44, 45, 46, 47, 48, 49 and 73 of …
Amendments proposed in the Faceless Assessment by substituting section 144B of the Income Tax Act, vide Clause 42 of the Finance Bill 2022 (budget 2022-23), to streamline the faceless …
Amendments proposed for a introducing new provisions in the Income Tax Act to allow filing of updated income tax return (ITR) by the taxpayers on payment of additional tax, …
CBDT clarifies that any sum received including by way of bonus during the current previous year under any one or more eligible Unit Linked Insurance Policy (ULIPs) issued on …
CBDT has taken yet another initiative under the 'faceless schemes' and has notified the 'e Advance Rulings Scheme 2022', applicable from 18/01/2022.
CBDT further extends due dates for filing of Income Tax Return (ITR)/ Tax Audit Report (TAR)/ Transfer Pricing Report (TPR), in respect of FY 2020-21/ AY 2021-22. This is …
Income Tax Department has provided a one time opportunity to the Taxpayers whose Income Tax Return (ITR) has been filed but is pending for e-verification (using EVC/ OTP) or …