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).
Tag: Income Tax Return (ITR)
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 …
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 …
ITR & TAR Due Dates further Extended by CBDT: FY 2020-21/ AY 2021-22
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 …
ITR Verification timeline extended upto 28/02/2022 for FY 2019-20/ Ay 2020-21
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 to Regularise ITRs submitted using EVC instead of DSC
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 …
New IT Rule 26D: Furnishing Declaration/ Evidence of Claims by Senior Citizens (Form 12BBA) u/s 194P
CBDT notifies the Income-tax (26th Amendment) Rules, 2021 to insert new IT Rule 26D regarding furnishing of declaration and evidence of claims by specified senior citizens in new IT …
CBDT Notification 93/2021: Income-tax (24th Amendment) Rules, 2021
CBDT notifies the Income-tax (24th Amendment) Rules, 2021, to insert new IT Rules 12AA and 51B prescribing ‘any other person’ who can verify ITR u/s 140 & appear before authorities …
Section 194P: TDS and Exemption from ITR Filing for Senior Citizens (75 or above)
New IT Section 194P relating to TDS in the case of senior citizens aged 75 or more, provides for responsibility of necessary deduction of tax at source by specified …
Seventh Provsio to Section 139(1): Conditions for Mandatory filing of Tax Return (ITR) u/s 139(1)
Seventh Provsio to Section 139(1) inserted by the Finance Act, 2019 which pprescribes conditions for mandatory filing of Tax Return (ITR) u/s 139(1).