Category: Income Tax
Amendments proposed to insert new IT S. 158AB for deferring further filing of appeal where an identical question of law is pending before the jurisdictional High Court or Supreme …
Over the years it is noticed that virtual economy is growing up at much faster pace wherein the transactions are being made using different types of virtual digital assets, …
Start-ups established during the block period of 01/04/2016 to 31/03/2022 were eligible for tax incentives in three consecutive years out of ten years from the date of incorporation. In …
Amendments proposed in Section 94(8) of the Income Tax act, to enforce applicability of bonus stripping and dividend stripping provisions in the case of securities and units also, vide …
Amendments proposed in sections 201(1A) and 206C(7) of the Income Tax to provide clarity and to avoid litigation caused by misinterpretation, which provides to abide by the computation of …
Amendments proposed on Rationalization of provisions relating to assessment and reassessment under the Income Tax Act, vide Clauses 35, 36, 44, 45, 46, 47, 48, 49 and 73 of …
Amendments proposed in the Faceless Assessment by substituting section 144B of the Income Tax Act, vide Clause 42 of the Finance Bill 2022 (budget 2022-23), to streamline the faceless …
Amendments proposed for a introducing new provisions in the Income Tax Act to allow filing of updated income tax return (ITR) by the taxpayers on payment of additional tax, …
CBDT clarifies that any sum received including by way of bonus during the current previous year under any one or more eligible Unit Linked Insurance Policy (ULIPs) issued on …
CBDT has taken yet another initiative under the 'faceless schemes' and has notified the 'e Advance Rulings Scheme 2022', applicable from 18/01/2022.