CBDT Notifies Revised Forms ITR-2, 3, 5 for AY 2024-25 and Amends Rule 12
CBDT has notified the revised Income-tax Return Forms ITR-2, 3 and 5 for the AY 2024-25 and has amended Rule 12 from 01/04/2024, vide Notification 19/2024.
Tag: CBDT
CBDT Notifies Revised Form ITR-6 for AY 2024-25
CBDT has notified revised Income-tax Return Form ITR-6, under Section 139 of the Income Tax Act, 1961, applicable for the AY 2024-25, vide Notification 16/2024 effective from 01/04/2024.
CBDT Guidelines for ECOs on TDS u/s 194-O (Circular 20/2023)
CBDT has issued detailed guidelines regarding Tax Deduction at Source (TDS) u/s 194-O in the case of e-commerce operators (ECOs), vide Circular 20/2023.
CBDT Notifies Revised Forms ITR-1 Sahaj & ITR-4 Sugam for AY 2024-25
CBDT has notified revised/new income tax return forms, ITR-1 Sahaj and ITR-4 Sugam, applicable for AY 2024-25, vide Notification 105/2024.
CBDT Amends Rules 10TA, 10TD to Streamline ALP Determination/Safe Harbour Rules
CBDT notifies revised definition of the terms 'intra group loan' & 'operating expenses/income' and amends ALP determination rule 10TD to streamline certain transfer pricing issues.
Discard Original ITR: Eligibility, Process and Implications Explained
The income tax department now allows taxpayers to discard original unverified returns under Section 139. Understand eligibility, process, implications and key aspects about using the new discard return facility.
CBDT Revises Timeline & Limit for Withholding Tax Refunds
CBDT instructions regarding revision of timeline and monetary limits for withholding tax refunds under Section 245 of the Income Tax Act
Revised ITR-7 for Charitable Trusts and Institutions AY 2023-24
CBDT notifies changes in ITR-7 for AY 2023-24 to allow separate reporting of 115BBI income and correct computation of tax by applying normal rates only on other income.
CBDT Condones Delay in Filing Form 10-IC (AY 2021-22)
CBDT condones delay in filing Form 10-IC for AY 2021-22 to provide relief to domestic companies from delay, subject to conditions like filing ITR on time.
CBDT Notifies New IT Rule 16D/ Form 56F for Claiming Section 10AA Deduction
CBDT amends IT rules retrospectively from July 2021, inserts Rule 16D and Form 56F for claiming deduction under Section 10AA, to streamline process of availing SEZ deduction.