Income Tax News

CBDT amends Rule 17CB to replace 'trust or institution' with 'specified person'

24 August 2022 at 08:37

for the words "trust or institution" wherever they occur, the words "specified person" shall be substituted;

Posted in Income Tax | 4509 Views

Income tax department conducts searches on a business group in Gujarat

24 August 2022 at 08:37

The Income Tax Department carried out a search and seizure operation on 09.08.2022 on a business group primarily engaged in manufacturing and trading of ceramic tiles.

Posted in Income Tax | 1959 Views

IT rules amended to allow foreign tax credit even with delayed filing of Form 67

20 August 2022 at 07:37

The statement in Form No. 67 referred to in clause (i) of sub-rule (8) and the certificate or the statement referred to in clause (ii) of sub-rule (8) shall be furnished on or before the end of the assessment year relevant to the previous year

Posted in Income Tax | 3363 Views

CBDT releases JSON Schema for Forms 10B, 10BB

20 August 2022 at 07:37

The Income Tax Department has released the JSON Schema for Form 10BB, 10B on Income-tax e-filing portal.

Posted in Income Tax | 3450 Views

ICAI releases revised Guidance Note on Tax Audit u/s 44AB - AY 2022-23

20 August 2022 at 07:37

ICAI releases revised Guidance Note on Tax Audit u/s 44AB of the IT Act, 1961

Posted in Income Tax | 29118 Views

CBDT updates common offline utilities for filing Statutory IT Form 3CA-3CD & 3CB-3CD

19 August 2022 at 14:44

Common offline utilities for filing Statutory IT Form 3CA-3CD & 3CB-3CD

Posted in Income Tax | 2406 Views

CBDT exempts non-resident from the purview of Sec 206C (1G)

19 August 2022 at 08:50

Govt. notifies that the provisions of sub-section (1G) of section 206C of the Act shall not apply to a person (being a buyer) who is a non-resident in terms of section 6 of the Act.

Posted in Income Tax | 4353 Views

CBDT notifies Form 29D for seeking refund claim u/s 239A

19 August 2022 at 08:50

Application by a person under section 239A of the Income-tax Act, 1961 for refund of tax deducted

Posted in Income Tax | 6063 Views

CBDT notifies CPPIB India Private Holdings Inc. for Sec 10(23FE) exemption

19 August 2022 at 08:50

Central Government hereby specifies the pension fund, namely, CPPIB India Private Holdings Inc. as the specified person for the purposes of the said clause

Posted in Income Tax | 1446 Views