Views: 770 The CBDT issued Income-tax (Eleventh Amendment) Rules, 2022 vide Notification No. 48/2022 dated April 29, 2022 to insert Rule 12AC of the Income Tax Rules, 1962 (“the IT Rules”) for updated return of Income i.e., Form ITR-U under…
Views: 1,727 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 for…
Views: 912 Question 1: Who is required to file Form 27C on E-filing portal, buyer or seller? Resolution: The Seller is required to file Form 27C on E-filing portal. Question 2: How can buyer furnish the declaration to seller under…