CBDT notifies the Income-tax (27th Amendment) Rules, 2021 to insert new IT Rule 14C, which prescribes that EVC is not required for authentication of electronic records submitted under Faceless …
CBDT prescribes procedure for handling of assessment/ penalties by Jurisdictional Assessing Officers in cases transferred out of Faceless Assessment/ Faceless Penalty proceedings under the Income-tax Act, 1961. Also CBDT …
ICAI has released the Handbook on ‘Registration of Charitable & Religious Institutions for Income tax Exemption’ which explains the new IT provisions/ procedures for registration and renewal applicable for …
ICAI has released the publication titled ‘Technical Guide on Taxation of HUFs’, which covers laws and procedures relating to taxation of HUFs at length and is very useful to …
CBDT notifies the Income-tax (26th Amendment) Rules, 2021 to insert new IT Rule 26D regarding furnishing of declaration and evidence of claims by specified senior citizens in new IT …
Income Tax is a very dynamic and fast changing subject, i.e. subject to continuous amendments. In addition, technology is being adopted for execution of various income tax procedures, like …
New faceless regime being technology driven is prone to certain challenges and hence the ICAI has released the publication titled ‘Technical Guide on Faceless Appeal Proceedings before CIT (Appeals)’ …
ICAI has released the publication titled ‘Technical Guide on Income Tax on Reconstitution of Firms’ for Members, in view of the amendments made by the Finance Act, 2021 in …
CBDT clarifies the term ‘Specified Bank’ for the purpose of TDS u/s 194P in the case of Specified Senior Citizens (of age 75 or more having pension/ interest income …
Central Govt. constitutes IT ‘Boards for Advance Rulings’ u/s 245-OB with headquarters at Delhi and Mumbai, for the purposes of giving advance rulings under Chapter XIX-B of the Income …