CBIC has issued detailed Guidelines/Instructions for adherence by field formations dealing with GST Investigation prior to issuing Summons under Section 70 of the CGST Act 2017, vide GST Investigation …
CBDT notifies exemption from applicability of TCS provisions u/s 206C(1G) in the case of an individual who is not a resident in India in terms of clause (1) and …
The Finance Act 2022 added a new IT Section 239A, which provides for a refund of tax deducted (TDS) u/s 195 on any income (other than interest income) by …
CBDT has amended IT Rule 17/ Form 10 to allow income accumulation by entities approved u/s 10(23C) for a period of up to 5 years when utilisation is less …
CBDT notifies new IT Rule 17AA, which specifies the Books of Account and other documents that must be kept and maintained in the case of Trusts/ NGOs/ Universities/ Hospitals/ …
CBDT prescribes procedure for claiming tax exemption in respect of any sum received as ex-gratia, for treatment of ‘COVID-19’ or consequential death, by Individual/ family members. The procedure notified …
CBDT reduces the ITR verification time limit from 120 days to 30 days. Discover how taxpayers can avoid penalties and legal issues.
CBDT has issued three orders under Section 119 in relation to the delegation of additional powers to the Commissioner of Income Tax in relation to a ‘belated application for …
CBDT has issued further Guidelines/FAQs/clarifications for removal of difficulties in TDS u/s 194S(6) of the Income-tax Act, 1961, relating to payments of consideration for transfer of a virtual digital …
CBDT has issued Circular 13/2022 on Guidelines/FAQs to address issues relating to TDS under Section 194S(6) on payments of consideration for the transfer of a virtual digital asset (VDA) …