Post Views: 1,585 Circular No. 01/2022 F. No. 225/49/2021/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, dated 11th January 2022 Subject: – Extension of timelines for filing of Income-tax returns and various reports of audit…
Post Views: 586 The CBDT vide Notification No. 49/2022 dated May 5, 2022 has issued the Income-tax (Twelfth Amendment) Rules, 2022 to further amend Rule 44E of the Income-Tax Rules, 1962 (“the IT Rules”) w.r.t. application for obtaining an advance…
Post Views: 885 ‘Advance Tax’ concept – a person is required to pay income tax in respect of such income during the previous year on an estimated basis. If you are salaried and believe the “Advance Tax” provision does not…