Tag: CBDT
According to BBC India’s Income Tax Survey, there are discrepancies in TP documentation, remittance of income that does not adhere to TDS requirements, and income that is not disclosed …
The CBDT has notified the Income-tax (3rd Amendment) Rules, 2023, to amend IT Rules 16CC/17B and Forms 10B/10BB which shall be effective as of 01/04/2023, vide Income Tax Notification …
CBDT has notified new Income Tax Return (ITR) Forms in respect of Assessment Year (AY) 2023-24, i.e. ITR-1 Sahaj, ITR-2, ITR-3, ITR-4 Sugam, ITR-5, ITR-6 and ITR-7, vide Notifications …
The CBDT has released a set of 24 clarifications and FAQs on the e-Verification Scheme 2021, announced in Notification 137/2021, with the goal of providing general guidance in understanding …
CBDT has abolished the limit of interest income exceeding Rs 5,000 for the purpose of SFT reporting, vide Notification 1/2023, w.e.f. 05/01/2023. Now the information in SFT is required …
CBDT has further extended/relaxed the compliance deadline for claiming exemption under sections 54 to 54GB of the Income Tax Act, 1961, in light of the hardship experienced by taxpayers …
The CBDT has issued instructions/circular compiling the provisions/rates applicable u/s 192 for TDS on Salary payments to employees during FY 2022-23 (AY 2023-24), for the guidance of concerned employers/employees. …
The CBDT has advised all PAN holders to link their PANs with Aadhaar immediately, unless specifically exempted by Notification 37/2017. Otherwise, the unlinked PAN will become inoperative/inactive with effect …
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. …
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. …
