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). …
Tag: Circulars
Companies Not Accruing Interest on NPA Borrowings are Violating IND AS: NFRA Circular
NFRA has issued a Circular/ Advisory against Companies not accruing the Interest Liability on NPA Borrowings in violation of the IND AS 109. During a disciplinary proceeding u/s 132(4) …
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 …
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. …
MCA Extends Due Date for DIR 3 KYC of Directors (Web) FY 2021-22: General Circular 9/2022
MCA has extended the deadline for filing Form DIR-3 KYC (including DIR-3 KYC Web) in respect of Financial Year (FY) 2021-22 from 30/09/2022 to 15/10/2022 without payment of fee, …
CBDT Guidelines/ FAQs on TDS u/s 194R on Provision of Benefits/ Perquisites
To help stakeholders who are experiencing problems with TDS under Section 194R(2) on the provision of Benefits/Perquisites, CBDT has released guidelines and frequently asked questions (FAQs). With regard to …
Completion of Age of 60/ 80 for Senior/ Very Senior Citizen Status Benefit under Income Tax
CBDT clarifies the issue related to the determination of the status of individual taxpayers as “senior citizens” or “very senior citizens” based on the completion of their age of …
Revised ICAI Membership/ COP Fee (FY 2022-23): Last Date 30/09/2022
ICAI’s Annual Membership/ COP Fee applicable for Financial Year 2022-23, as per revised fee structure; payable by Members latest by 30/09/2022, plus GST: S.N. Particulars of Membership/ COP fee …
DoP for Condonation of delay: IT Forms 9A, 10, 10B, 10BB (AY 2018-19 onwards)
CBDT has issued three orders under Section 119 in relation to the delegation of additional powers to the Commissioner of Income Tax in relation to a ‘belated application for …
CBDT Guidelines/ FAQs on TDS u/s 194S(6): Payments for VDA transfer (Peer to Peer/ Not through Exchange)
CBDT has issued further Guidelines/FAQs/clarifications for removal of difficulties in TDS u/s 194S(6) of the Income-tax Act, 1961, relating to payments of consideration for transfer of a virtual digital …