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Partial relaxation with respect to electronic submission of Form 10F
Government of India Ministry of Finance Central Board of Direct Tax Directorate of Income Tax (Systems), New Delhi F. No. DGIT(S)-ADG(S)-3/e-Filing Notification/Forms/2022/9227 Dated: 12th Dec 2022 Pa...
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Unlinked PAN Will Become Inoperative From 01.04.2023
As per sec 139AA of income tax act 1961, every person who has been allotted PAN as on 01.07.2017 and who is eligible to obtain Aadhaar Number have compulsorily link their Aadhaar and pan on or before...
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Revised Instruction for withholding of Refund u/s 241A in Scrutiny cases
Instruction No. 07 of 2022 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F.No.: DGIT(Systems)-1/Instruction/241A/2022-23 Dated: 06.12.2022...
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All about TDS on Salary for Financial Year 2022-23 / Assessment Year 2023-24
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF DIRECT TAXES DEDUCTION OF TAX AT SOURCE- INCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME-TAX ACT, 19...
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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): Banks available at e-Filing Portal Axis Bank Bank of...
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Time limit reduced to 21 days for submitting response to intimation u/s 245 by AO
INSTRUCTION NO. 06 of 2022 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi — 110055 F. No. DGIT(Systems)/Instruction/245/2022-23/ Dated: 28.11.2022...
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CBDT notifies Under-17 Women’s World Cup, 2022 as international sporting event
CBDT notifies Federation Internationale de Football Association Under-17 Women’s World Cup, 2022 as the international sporting event for Income Tax Exemption under Section 10(39) vide Notification No....
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CBDT releases draft Common Income Tax Return Form for public consultation
At present, taxpayers are required to furnish their Income-tax Returns in ITR-1 to ITR-7 depending upon the type of person and nature of income. The current ITRs are in the form of designated forms wh...
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DTPA Pre-Budget Memorandum 2023-24 on Direct Taxes and GST
Direct Taxes Professionals Association 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph: 2242-0638/ 98310 46053 Email: dtpakolkata@gmail.com Ref. No. DTPA/Rep/22-23/001 26th November, 2022 Smt. Ni...
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Comprehensive Pre-Budget 2023-24 Memorandum by CAAS
Chartered Accountants Association Surat (CASS) Comprehensive Pre-Budget 2023-24 Memorandum by CAAS highlighting hardships and areas of improvement where Income-Tax can become taxpayer friendly tax. Sr...
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Key Features – TDS/TCS RPU 4.4 & FVU version 7.9
Key Features – Return Preparation Utility (RPU) version 4.4 e-TDS/TCS Return Preparation Utility Ver. 4.4 for Regular & Correction Statement(s) from FY 2007-08 onwards. 5 new section codes are added u...
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Suggestions for Common Income Tax Return
CHARTERED ACCOUNTANTS ASSOCIATION, SURAT Ref: CAAS/Representations/2022-23/03 Date: 23-11-2022 To, The Director (TPL-IV), Central Board of Direct Taxes, North Block, New Delhi – 110001 Respected Sir,...
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Search and seizure action by Income Tax Department in Bihar
Income Tax Department initiated a Search & Seizure action on few groups engaged in the business of gold & diamond jewellery and real estate, on 17.11.2022. The searches were carried out at more than 3...
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CBDT notifies Public Investment Fund as sovereign wealth fund U/s. 10(23FE)
CBDT notifies sovereign wealth fund, namely, Public Investment Fund vide Notification No. 125/2022-Income Tax | Dated: 16th November, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF...
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Income Tax Department conducts search actions in Karnataka
Income Tax Department initiated Search & Seizure actions on 20.10.2022 and 02.11.2022 on certain individuals who had executed Joint Development Agreements (JDAs) with various real-estate developers. T...
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Setting up of Units under section 144B(3) of Income-tax Act, 1961
F No. 187/3/2020-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi – 110001 Dated: 14 November, 2022 Office Order -2 Setting up...
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Notification No. 124/2022-Income Tax | Dated: 14th November, 2022
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 124/2022 -Income Tax | Dated: 14th November, 2022 S.O. 5258(E).—In exercise of the powers conferr...
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Notification No. 123/2022 -Income Tax | Dated: 14th November, 2022
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 123/2022 -Income Tax | Dated: 14th November, 2022 S.O. 5257(E).—In exercise of powers conferred b...
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Notification No. 122/2022 -Income Tax | Dated: 14th November, 2022
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 122/2022 -Income Tax | Dated: 14th November, 2022 S.O. 5256(E).In exercise of the powers conferre...
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Notification No.121/2022 – Income Tax Dated: 14.11.2022
Amendments in notification No.61/2022 dated the 10th June, 2022 issued by CBDT MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 121/2022 -Income T...