CBDT notified the transactions and persons to quote PAN in certain transactions for authentication purpose
The CBDT vide Notification No. 53/2022 dated May 10, 2022 has issued the Income-Tax Amendment (Fifteenth Amendment) Rules, 2022 to…
Tag: Income Tax
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Attention …………………..(PAN XXXXX……,X)Income Tax Department has identified certain high value information which does not appear to be in line with…
Income Tax Department conducts searches in Maharashtra
The Income Tax Department carried out a search and seizure operation on March 14, 2022 on a popular chain of…
Income Tax Department conducts searches in Mumbai
The Income Tax Department carried out search and seizure operations on 25.02.2022 on certain contractors executing contracts of Brihanmumbai Municipal…
Concessional corporate tax rate: Govt wants private companies to set up new manufacturing units fast
Source Times of India dated 04.02.2022 The government wants new domestic companies to set up their manufacturing units in India…
Companies will also get to update tax returns – Income Tax
Source Link Companies can update tax returns within two years of the end of the assessment year under a new…
NGOs & Taxability
By, CA. S S Quadri, B. COM (H), FCA, DIRM (ICA), ISA (ICA), MDBA, LLB, S S Quadri & Co.,…
Framing of rules for the amendments made by the Taxation Laws (Amendment) Act, 2021
Source : Press Release 28.08.2021 The Taxation Laws (Amendment) Act, 2021 (2021 Act), which received the assent of the President…
Finance Ministry meeting with Infosys on glitches in e-filing portal of Income Tax Department
Source : Press Release dated 23.08.2021 Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman took a meeting with…