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Verification module of Insight portal for Assessment, Investigation & TDS wings
Directorate of Income Tax (Systems), ARA Centre, Ground Floor, E-2, Jhandewalan Extension, fa-M1 / New Delhi – 110055 Insight Instruction No. 64 Date: 20.02.2023 F. No. DGIT(S)-ADG(S)-2/CRIU VRU High...
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High-Risk Non-PAN Transaction cases on Verification module of Insight portal
Directorate of Income Tax (Systems), ARA Centre, Ground Floor, E-2, Thandewalan Extension, New Delhi – 110055 Insight Instruction No. 63 Date: 20.02.2023 F. No. DGIT(S)-ADG(S)-2/High Risk Transaction...
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CBDT amends Audit Report Format of Trust (Form No. 10B) & Rule 16CC & 17B
CBDT amends Rule 16CC Form of report of audit prescribed under tenth proviso to section 10(23C), Rule 17B Audit report in the case of charitable or religious trusts, etc. and ‘FORM No. 10B – Audit rep...
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CBDT notifies Authority under section 138 for welfare schemes of state of Tamil Nadu
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 06/2023-Income Tax | Dated: 16th February, 2023 S.O. 731(E).—In pursuance of sub-clause (ii) of c...
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CBDT press release on out Income Tax survey operations at BBC offices
Income Tax Department carries out survey operations in Delhi & Mumbai A survey action under section 133A of the Income- tax Act, 1961 (the Act) was carried out at the business premises of group entiti...
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CBDT notifies ITR-7 for AY 2023-24/FY 2022-23
CBDT notifies ITR-7 for Assessment Year 2023-24/Financial Year 2022-23 vide Notification No. 05/2023-Income Tax Dated: 14th February, 2023. MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD O...
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CBDT notifies Income Tax Return Forms for AY 2023-24 well in advance
The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023 dated 10.02.2023 and 14.02.2023. These...
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Details of assets / Cash seized during the search & seizure operations
Seizure of black money The word ‘black money’ is not defined under the Income Tax Act, 1961, Customs Act, 1962, CGST Act, 2017, Central Excise Act, 1944 and erstwhile Chapter V of Finance Act, 2017 (r...
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Demonetisation led to detection of black money & widening of tax base
Demonetisation, inter alia, led to detection of black money, increase in tax collection and widening of tax base: Union MoS for Finance Shri Pankaj Chaudhary Demonetisation, inter alia, led to detecti...
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CBDT notifies ITR forms for AY 2023-24/ FY 2022-23
CBDT notifies Format & Particulars of Income Tax Return Forms ( ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-V) and Income Tax Return Acknowledgement (ITR-V) for Assessment Year 2023-24/F...
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Gross Direct Tax Collections for F.Y. 2022-23 – 24.09% higher than last year as on 10.02.2023
Direct Tax Collections for F.Y. 2022-23 at ₹15.67 lakh crore – 24.09% higher than gross collections for corresponding period of last year as on 10.02.2023 Direct Tax collection, net of refunds, stands...
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List of Banks For Income Tax Payments on NSDL & e-Filing Portal
Updated List of banks for tax payments available at e-Pay Tax service at e-Filing Portal and OLTAS e-Payment of Taxes at Protean (previously NSDL): List of banks for tax payments available at e-Pay Ta...
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Centralised Processing of Equalisation Levy Statement Scheme, 2023
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi Notification No. 03/2023-Income Tax | Dated: 7th February, 2023 S.O. 614(E).—In exercise of the power...
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Corrigendum to Circular No. 23 of 2022 Dated 03.11.2022- Explanatory Notes to Finance Act, 2022
F No 370142/49/2022-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi Circular No. 02/2023-Income Tax Dated: 6th February, 2023 C...
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4,861 minors filed ITRs during FY 2022-23 till 31st January 2023
For individual taxpayers below age of 18 years, 4,861 ITRs filed and paid Rs 6.31 crore gross taxes, before claim of refund, during FY 2022-23 till 31st January 2023 For individual taxpayers between t...
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Basic Customs Duty Rates on Goods, Other Than Textiles & Agriculture, Reduced From 21 To 13
Ministry of Finance BASIC CUSTOMS DUTY RATES ON GOODS, OTHER THAN TEXTILES AND AGRICULTURE, REDUCED FROM 21 TO 13 CUSTOM DUTY EXEMPTED ON IMPORT OF CAPITAL GOODS AND MACHINERY FOR MANUFACTURE OF LITHI...
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Deduction From Capital Gains On Investment In Residential House Capped To Rs 10 Crore
Ministry of Finance DIRECT TAX PROPOSALS AIMED AT REDUCING COMPLIANCE BURDEN, PROMOTING ENTREPRENEURIAL SPIRIT & PROVIDING TAX RELIEF TO CITIZENS NEXT-GENERATION COMMON IT RETURN FORM FOR TAX PAYER CO...
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Case reopened in light of SC judgment in Ashish Agarwal to be completed by 31.05.2023
OFFICE OF THE PRINCIPAL CHIEF COMMISSIONER OF INCOME TAX U.P.(WEST) & UTTARAKHAND REGION, AAYAKAR BHAWAN, 16/69, CIVIL LINES, KANPUR (U.P.)-208001 TELEPHONE & FAX NO. 0512-2304418/e-mail: kanpur.pccit...
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Instructions regarding Grant of HRA to Central Government employees
No.2/4/2022-E.IIB Government of India Ministry of Finance Department of Expenditure North Block, New Delhi. Dated the 30th December, 2022. OFFICE MEMORANDUM Subject: Compendium of Instructions regardi...
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CBDT notifies California Public Employees Retirement System – Section 10(23FE)
CBDT notifies CBDT notifies California Public Employees Retirement System as pension fund under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of Income-tax Act, 196...