Income Tax News
CBDT specifies Safe Harbour Rules for AY 2022 at same rates
19 June 2022 at 11:35CBDT on June 17, 2022 issued the income-tax (18th Amendment) Rules, 2022 to further amend the Income-tax Rules, 1962.
CBDT provides relaxation from TDS u/s 194I on payment of lease or supplemental lease rent
18 June 2022 at 06:38CBDT specifies that no deduction of tax shall be made under section 194-I of the Income-tax Act on payment in the nature of lease rent or supplemental lease rent
CBDT notifies additional conditions to be fulfilled by a specified fund for availing exemption u/s 10 (4D)
18 June 2022 at 06:38For the purposes of the proviso to item (III) of sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 of the Act, the "other conditions" required to be fulfilled by a specified fund
Net Direct Tax collections rose over 45% to over Rs. 3.39 lakh crore for FY 2022-23
18 June 2022 at 06:38Net Direct Tax collections rose over 45% to over Rs. 3.39 lakh crore for FY 2022-23, representing an increase of 45% over the collections of the preceding year.
Income Tax Department conducts searches in J&K and Delhi
18 June 2022 at 06:38Income Tax Department carried out search and seizure operations on 15.06.2022 on a leading manufacturer and seller of Jamawar Shawls, Pashmina and Kashmiri Shawls.
IT department issues revised instruction on action against taxpayers for high-pitched scrutiny assessment
17 June 2022 at 08:55Revised Instruction for constitution and functioning of Local Committees to deal with taxpayers' grievances due to high-pitched Scrutiny Assessment
CBDT issues guidelines for removal of difficulties under Section 194R
17 June 2022 at 08:55Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961
CBDT released Excel Offline Utility for ITR-5
15 June 2022 at 14:10CBDT has released Excel Offline Utility dated June 14, 2022 for ITR-5.
CBDT notifies 331 as Cost Inflation Index for FY 2022-23
15 June 2022 at 10:24CBDT notifies Cost Inflation Index for FY 2022-23 at 331 vide Notification No. 62/2022-Income Tax dated: 14th June, 2022.
IT Department aims to spread tax literacy among children through games, puzzles and comics
13 June 2022 at 08:53CBDT has brought out products to introduce concepts related to taxation, often perceived to be complicated, to high school students through board Games, puzzles and comics.
Popular News
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- CBDT Proposes New Form 130 for TDS on Salary, Pension and Interest Income Under IT Act
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