Category: Income Tax
ICAI issued a revised disclosures checklist for Indian Accounting Standards (Ind AS)
The Institute of Chartered Accountants of India has issued a revised disclosures checklist for Indian Accounting Standards (Ind AS) – November, 2022.
I-T notices being sent to winners of online games for short-payment of tax: CBDT
With Rs 58,000 crore prize money won in the last three years, the income tax department has started issuing notices…
CBDT extends the due date for filing Tax audit reports for AY 2022-23
Noting the hardships of taxpayers & IT glitches, @IncomeTaxIndia extends the due date for filing of various reports of audit…
FAQ’s for Form 3CA-3CD/3CB-3CD
The Income Tax Department has issued Frequently Asked Questions dated September 27, 2022 for filing of Tax Audit Report in…
Income tax dept collects Rs 28 cr in taxes from new ITR-U filing
The Income-tax department has collected around Rs 28 crore in taxes after about 1 lakh returns were filed by taxpayers…
I-T Dept Going into New Areas to Check Tax Evasion: CBDT Chairman
The income tax department is going into “new areas” of the economy to check tax evasion even as its investigation…
Income Tax Dept. issued update for taxpayers on Donation
The Income Tax Department has issued an Update dated August 12, 2022 saying it may be noted that statement of…
ICAI issued ‘Study on compliances in reporting in Tax Audit Report’
The Institute of Chartered Accountants of India (“ICAI”) has issued a study on compliances in reporting in Tax Audit Report…
FAQs on top ten clarifications sought by the Taxpayers while filing their Income-tax returns.
Question 1: Self-assessment tax paid but not reflecting in prefilled details. Resolution: As per the normal process, it takes 3…