Income Tax Search in Bihar: Black Money detected above Rs 100 crore
On November 17, 2022, the Income Tax Department conducted an IT Search and Seizure operation, which resulted in the discovery of black money worth more than Rs 100 crore. …
Tag: CBDT
IT Search identifies unreported capital gains above 1300 crore from JDAs
Search and Seizure operations conducted by Income Tax (IT) Department has unearthed Capital Gains of above Rs 1300 crores from JDAs, which were not reported by the concerned taxpayers. …
Explanatory Notes on Finance Act 2022: CBDT Circular 23/2022
The CBDT has put out Explanatory Notes to the provisions of the Finance Act, 2022, mostly to explain the changes and new rules about income tax (see Circular 23/2022). …
CBDT’s Proposed Common ITR Form: Exposure Draft for Comments
The Central Board of Direct Taxes (CBDT) has published/ notified an exposure draft of the proposed Common Income Tax Return (ITR) Form, likely to be applicable from AY 2023-24, …
TDS Return (Form 26Q) Due Date Extended by CBDT for Q2 of FY 2022-23
The CBDT has extended the last date for submitting the TDS Return/ Statement in Revised/ Updated Form 26Q, relating to non-salary deductions of tax at source, for the second …
CBDT extends ITR Filing due date for AY 2022-23
The CBDT has notified that the due date for filing Income Tax Return (ITR) u/s 139(1) for Assessment Year (AY) 2022-23 has been extended from 31/10/2022 to 07/11/2022 for …
CBDT further Extends Timeline to Allow Validation of UDINs upto 30/11/2022
CBDT has further extended the last date/ timeline for allowing validations of UDINs upto 30/11/2022, in respect of forms filed/ uploaded during 01/04/2021 to 31/03/2022 on the e-filing Portal, …
Tax Audit Report Due Date Extended by CBDT for AY 2022-23
CBDT has extended the due date for filing of Tax Audit Report (TAR), Transfer Pricing Report (TPR), etc. in respect of FY 2021-22/ AY 2022-23, from 30/09/2022 to 07/10/2022. …
New IT Rule 132 on Application for Re-computation of Income u/s 155(18): CBDT Income Tax Notification 111/2022
New IT Rule 132 on “Application for Re-computation of Income under Sub-section (18) of Section 155” has been inserted by CBDT, along with new IT Forms 69 and 70, …
CBDT Extends Timeline for ITR Filing by Successor Companies u/s 170A
CBDT extends timeline for filing of modified Income Tax Return (ITR) in Form ITR-A by a successor company u/s 170A from 30/09/2022 to 31/03/2023 in certain cases, where the order …
