Category: Income Tax
CBDT has notified revised Tax Audit Report Forms (3CA, 3CB, 3CD) from time to time. On 20/07/2018, Form 3CD has been further revised (applicable w.e.f. 20/08/2018) expanding scope of …
Section 151 of the Income Tax Act, 1961 relating to Sanction for Issue of Notice, has been amended/ substituted, by the Finance Act 2021, with effect from AY 2021-22, …
Section 149 of the Income Tax Act, 1961 relating to Time Limit for Notice has been amended/ substituted, by the Finance Act 2021, with effect from AY 2021-22, to …
New Section 148A of the Income Tax Act, 1961, inserted by the Finance Act 2021, with effect from AY 2021-22, seeks to provide that, before issuing any notice under …
Section 148 of the Income Tax Act, 1961 has been amended/ substituted, by the Finance Act 2021, with effect from AY 2021-22, to provide that, prior to making the …
Section 147 of the Income Tax Act, 1961 has been amended/ substituted, by the Finance Act 2021, with effect from AY 2021-22, to provide that if any income chargeable …
Proviso to Clause (a) of Section 44AB of the Income Tax Act, 1961, relating to audit of accounts of certain persons carrying on business or profession, has been amended …
New IT Section 194Q has been inserted by the Finance Act, 2021, which stipulates new provisions relating to TDS @ 0.1% on transaction of purchase of goods aggregating more …
New IT Section 194P relating to TDS in the case of senior citizens aged 75 or more, provides for responsibility of necessary deduction of tax at source by specified …
CBDT further defers the reporting requirements relating to Clauses 30C (GAAR)/ 44 (GST) of revised Tax Audit Report Form 3CD, upto 31/03/2022, in view of COVID 19 pandemic. It …