Tag: CBDT
The CBDT notifies the Income-tax (31st Amendment) Rules, 2022, to insert a new IT Rule 12AD/ Form ITR-A regarding the filing of a Return of Income by a Successor …
CBDT has issued revised Guidelines on Compounding of Offences under the Income Tax Act, 1961, in supersession of the earlier Guidelines on the subject issued in 2019, to simplify …
To help stakeholders who are experiencing problems with TDS under Section 194R(2) on the provision of Benefits/Perquisites, CBDT has released guidelines and frequently asked questions (FAQs). With regard to …
CBDT clarifies the issue related to the determination of the status of individual taxpayers as “senior citizens” or “very senior citizens” based on the completion of their age of …
CBDT modifies IT Rule 128(9) to provide significant relief to Indian taxpayers regarding Foreign Tax Credit (FTC) claims by extending the deadline for filing Statement in Form No. 67. …
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 …