“Everything about e-filing made easier” by Income Tax Department
Income Tax Department is presenting the step-by-step guidance and other necessary information for filing ITR e-filing. Income Tax department writes…
Category: Income Tax
Handbook on Taxation of Virtual Digital Assets – by ICAI
Direct Tax Committee of The Institute of Chartered Accountants of India has published a ‘Handbook on Taxation of Virtual Digital…
Exposure Draft of Revised ‘Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961’ for Public Comments – 05.07.2022
ICAI has published Exposure Draft of Revised ‘Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961’…
CBDT extends the timeline to update UDINs till September 30, 2022
The timeline to update the Unique Document Identification Numbers – UDINs is extended till September 30, 2022 in order to…
Clause 44 reporting of AY2022-23 in Tax Audit Report.
CA Nitin Bhuta, Mumbai has compiled and presented Clause 44 applicability in Tax audit report for A.Y. 2022-23 in the…
Govt appoints Indian Revenue Services officer Nitin Gupta new CBDT chairman
IRS officer Nitin Gupta has been appointed as the new CBDT chairman, a recent government order said. Gupta, an Indian…
CBDT notified Safe Harbour Rules for AY 2022-23 for the purposes of Income tax
The Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely: (1)…
CBDT issued updated Mutual Agreement Procedure Guidance addressing stakeholder’s concerns
The CBDT vide MAP GUIDANCE/2022 dated June 10, 2022 has issued an updated Mutual Agreement Procedure (“MAP”) Guidance addressing stakeholder’s concerns. The…
Relaxation from Tax Deduction at Source (TDS) on the payment of aircraft leasing
The CBDT vide Notification No. 65/2022 dated June 16, 2022 has issued relaxation from Tax Deducted at Source (“TDS”) under Section 194I…
CBDT notified the applicable Cost Inflation Index for Assessment Year 2023-24
The CBDT vide Notification No. 62/2022 – Income-Tax dated June 14, 2022 has issued amendments in Notification No. 44/2017 – Income-Tax dated June 5, 2017 (“N/N 44”), which specified the applicable…