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Representation against Extension of time limit under section 54 to 54GB without extension of Income Tax Return due date
Vidarbha Industries Association has made a Representation against recent CBDT Circular No. 1/2023 Dated 06.01.2023 by which time limit for compliance to be made for claiming any exemption under Sectio...
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CBDT approves Indian Institute of Science Education & Research under Section 35(1)(ii)
CBDT approves ‘Indian Institute of Science Education and Research, Tirupati (PAN: AAAAI9820P)’under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ for the purpose...
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Exposure Draft on International Tax Reform- Pillar Two Model Rules
Accounting Standards Board The Institute of Chartered Accountants of India 16th January, 2023 Exposure Draft on International Tax Reform- Pillar Two Model Rules (proposed amendments to IAS 12) Indian...
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Request to announce another Income Disclosure & Vivad Se Vishwas Scheme
Memorandum containing suggestions for Budget 2023 by CCI Professionals Forum with request to consider annoucing another Disclosure Scheme and Vivad Se Vishwas Scheme in national interest. CCI PROFESSI...
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Addendum to Notification: Format, Procedure & Guidelines for submission of SFT for Interest income
DGIT(S)/ADG(S)-2/Reporting Portal/2021/180 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) New Delhi Notification No. 1 of 2023 | Dated: 5th J...
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CBI Arrests Income Tax Officer & CA on Allegations of Bribery of Rs. 2.25 Lakh
CBI Arrests An Assistant Valuation Officer of Income Tax And An Auditor/CA on The Allegations of Bribery of Rs. 2.25 Lakh The Central Bureau of Investigation has arrested an Assistant Valuation Office...
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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 T...
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Extension of time limit for compliance under section 54 to 54GB
F. No. 225/ 49/2021-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Circular No. 1 of 2023 dated 06 January, 2023 Subject: Extension of ti...
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15 Income Tax Budget 2022 Announcement and Progress so far
1. Income Tax Department brings reforms for Cooperatives! Alternate Minimum Tax for cooperative societies reduced to 15% to bring them at par with companies. Reduction of Alternate Minimum tax rate fo...
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Cash receipt by ‘Co-op. Society’ from dealer across multiple days not to be aggregated for Section 269ST
Cash receipt by ‘Co-op. Society’ from dealer across multiple days not to be aggregated for Sec. 269ST purpose: CBDT Reference was received by the CBDT as to whether receipt of cash by Co-operative Soc...
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Interest rates of small saving schemes for January 23 to March 23
Revision of interest rates for Small Savings Schemes for Q4 of 2022-23 (i.e. from 1st January, 2023 to 31st March, 2023) Interest rates of small saving schemes for the Fourth quarter of financial year...
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AIFTP requests Early disposal of Income-tax appeals pending before CIT(A)/NFAC
AIFTP appeal to Smt. Nirmala Sitharaman (Finance Minister) to direct the CBDT to direct the NFAC to hear the appeals expeditiously and effectively so that the tax payers will be able to get the finali...
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CBDT appoints 174 ACIT as DCIT w.e.f. 01.01.2023
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Notification No. 23- Income Tax | Dated: 29th December, 2022 No. 23 The following Assistant Commissioners of...
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CBDT appoints 145 ACIT as DCIT w.e.f. 01.01.2023
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi Pausha 8th, 1944 (SAKA) Notification No. 22 – Income Tax | Dated: 29th December, 2022 The followin...
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Notification No. 128/2022-Income-Tax, Dated: 28.12.2022
CBDT notifies Ontario Inc. as pension fund – section 10(23FE) vide Notification No. 128/2022-Income-Tax, Dated: 28.12.2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAX) Ne...
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CBDT notifies Special Courts in Odisha under Black Money Act
CBDT notifies Special Courts in Odisha vide Notification No. 127/2022-Income Tax | Dated: 26th December, 2022 under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015....
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Transfer/postings of 48 officers in the grade of CIT/DIT
F. No. A-22011/5/2022-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block. New Delhi -110 001 Office Order No. 274 of 2022 Dated: 16.12.2022...
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Transfer/postings of 62 officers in the grade of PCIT/PDIT
F. No. A-22011/4/2022-Ad-VI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes) North Block. New Delhi -110 001 Office Order No. 273 of 2022-Income Tax Dated:...
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SOP on filing of Appeals/SLPs by Income Tax Department in SC
CBDT Instruction No. 2/2022 – Standard operating procedure (SCOP) on filing of Appeals/Special leave petition (SLPs) by the Income Tax Department in the Supreme Court (SC) and related matters. Instruc...
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Gross Direct Tax collections for FY 2022-23 register a growth of 25.90%
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th December, 2022 PRESS RELEASE Gross Direct Tax collections for the Financial Year (FY) 2022-2...