CBDT notifies Revised Timeline of 30 Days for ITR Verification
CBDT reduces the ITR verification time limit from 120 days to 30 days. Discover how taxpayers can avoid penalties and legal issues.
Tag: CBDT
DoP for Condonation of delay: IT Forms 9A, 10, 10B, 10BB (AY 2018-19 onwards)
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 Guidelines/ FAQs on TDS u/s 194S(6): Payments for VDA transfer (Peer to Peer/ Not through Exchange)
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 Guidelines/ FAQs on TDS u/s 194S(6): Payments for VDA transfer through Exchange
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) …
New IT Rule 12AB: Additional Conditions for Mandatory filing of Tax Return (ITR) u/s 139(1)
CBDT notifies new IT Rule 12AB relating to additional conditions for mandatory filing of tax return (ITR), by persons referred to in section 139(1)(b).
Send ITR-V to CPC Bengaluru using New/ Unique Pincode ‘560500’
Taxpayers should send their communications to the CPC at new address, like sending ITR-V to CPC Bengaluru using New/ Unique Pincode '560500'.
CBDT notifies New ITR Forms for AY 2022-23 (ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7)
CBDT has notified the new ITR Forms applicable for AY 2022-23 (Forms ITR-1 Sahaj, ITR-2, ITR-3, ITR-4 Sugam, ITR-5, ITR-6 and ITR-7), without making any significant changes therein as …
CBDT further extends Due Date for e-filing of Form 10AB to 30/09/2022
CBDT further extends last date for e-filing of Form No. 10AB to 30/09/2022, in all the cases for which the last date is on or before 29/09/2022, in view …
New IT Rule 114(5A): PAN-Aadhaar Linking delay Penalty
CBDT has notified the Income-tax (Third Amendment) Rules, 2022 to insert new IT Rule 114(5A) to impose penalty on delay/ default in PAN-Aadhaar Linking applicable w.e.f. 01/04/2022, i.e. a …
CBDT Guidelines on Income Tax Exemption for ULIP Receipts u/s 10(10D)
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 …