Income Tax News

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 | 29238 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 | 3495 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 | 2493 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 | 6162 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 | 4431 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 | 1524 Views

CBDT notifies INQ Holding LLC for Sec 10(23FE) exemption

18 August 2022 at 08:45

Central Government hereby specifies the sovereign wealth fund, namely, INQ Holding LLC

Posted in Income Tax | 2199 Views

CBDT notifies statement of accumulation u/s 10(23C)

18 August 2022 at 08:45

Exercise of option etc. under Explanation 3 to the third proviso to clause (23C) of section 10 or section 11

Posted in Income Tax | 6831 Views

IT Department conducts searches in UP, over Rs 15 crore cash seized

13 August 2022 at 08:32

The Income Tax Department carried out a search operation on 03.08.2022 on a Jhansi based group, engaged in the business of civil contract and real estate development.

Posted in Income Tax | 1650 Views