CBDT Extends Belated/Revised ITR Due Date (AY 2024-25) for Resident Individuals
CBDT has extended the due date for filing of Belated/Revised ITR (AY 2024-25) for Resident Individuals from 31/12/2024 to 15/01/2025 vide Circular 21/2024.
Tag: CBDT
CBDT Notifies Monetary Limits for Waiver of interest Payable u/s 220(2)
CBDT has notified the specified monetary limits for the reduction or waiver of interest paid or payable under section 220(2) of the Income Tax Act for different Income Tax …
CBDT Extends ITR Due Date for AY 2024-25
CBDT has extended the due date for filing of Income Tax Return (ITR) for AY 2024-25, from 31st October 2024 to 15th November 2024, in respect of corporate and …
CBDT Extends Tax Audit Report Due Date for AY 2024-25
CBDT has extended the due date of filing of tax audit report u/s 139(1) of Income Tax Act, 1961 in respect of AY 2024-25 from 30th September 2024 to …
CBDT Notification on 30-Days Time Limit for Verification After ITR Uploading
CBDT has issued Notification 2/2024 to clarify the timeline of 30 days for verification after uploading the ITR, effective 01/04/2024.
CBDT Allows Modified ITR Filing to Companies Reorganized Before April 2022
CBDT has issued Order dated 1/03/2024 which allows filing of modified income tax return (ITR) to companies reorganized before 1 April 2022 pursuant to orders from authorities like NCLT.
Advance Income Tax E-Campaign for Viewing Significant Financial Transactions
The Income Tax Department has initiated an e-campaign for individuals/entities with substantial financial transactions during FY 2023-24 for accurate advance tax liability calculation.
CBDT Notifies TDS Exemption for Certain Payments to IFSC Units from April 1, 2024
CBDT has notified that no TDS is required to be deducted on specified payments made to IFSC Units effective from April 1, 2024, vide Notification 28/2024
Form 26QE Due Date Extended for TDS on Virtual Digital Assets: Circular 4/2024
CBDT extends Form 26QE filing due date to 30.05.2023 for TDS on virtual digital asset transfers from 01.07.2022 to 28.02.2023, vide Circular 4/2024.
CBDT clarifies tax exemption for trusts/institutions on donations: Circular 3/2024
CBDT issued circular clarifying tax exemption provisions for trusts/institutions donating to others under Income Tax Act, addressing concerns over 85% application rule.