Tag: CBDT
CBDT has notified the Income tax (2nd Amendment) Rules, 2022 to insert new IT Rule 8AD on ‘Computation of Capital Gains from ULIPs u/s 45(1B)‘, in respect of insurance policy receipts on …
CBDT further extends due dates for filing of Income Tax Return (ITR)/ Tax Audit Report (TAR)/ Transfer Pricing Report (TPR), in respect of FY 2020-21/ AY 2021-22. This is …
Income Tax Department has provided a one time opportunity to the Taxpayers whose Income Tax Return (ITR) has been filed but is pending for e-verification (using EVC/ OTP) or …
CBDT notifies the Income Tax (31st Amendment) Rules 2021, i.e. final Rules on ‘no retrospective taxation’ in line with the Amendments made by the Taxation Laws (Amendment) Act, 2021. …
CBDT has issued Order to Regularise the Income Tax Returns (ITRs) submitted/ verified using EVC instead of DSC as required under IT Rule 12, due to technical issues at …
CBDT notifies 'no TDS u/s 194A by banks in respect of payment of interest of upto Rs. 20 lacs made to a member of Scheduled Tribe residing in areas …
CBDT has further extended certain timelines to ease compliances under the Income Tax Act, 1961, including for PAN-Aadhaar linking, completion of penalty proceedings, benami proceedings, etc.
CBDT clarifies the issue of carry forward of losses of ‘erstwhile public sector company’ u/s 79 in case of change in shareholding due to ‘strategic disinvestment’, in view of …
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 …