Category: Income Tax
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 …
ICAI has published the revised “Technical Guide on Royalty and Fees for Technical Services” (December 2022 Edition), which incorporates all the amendments made by the Finance Act, 2022, for …
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 …
The co-browsing (collaborative browsing) feature of the IT Portal is now available to income-tax payers. This feature enables Helpdesk agents to safely navigate a taxpayer’s browser screen and lead …
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). …
CBDT extends due date for filing of TDS Return/ Statement in Form 26Q for the second quarter of Financial Year 2022-23, from 31/10/2022 to 30/11/2022.
CBDT extends the due date for filing Income Tax Return (ITR) u/s 139(1) for AY 2022-23 from 31/10/2022 to 07/11/2022 for corporate assessees or where tax audit is applicable.
ICAI has released the Guidance Note (2022) on Transfer Pricing Reports u/s 92E, which integrates amendments made by the Finance Act 2022.