Income Tax News

ICAI advises members to update all pending UDINs at e-filing portal

13 May 2022 at 14:32

Various instances of invalidation of UDINs at the e-filing portal of Income Tax Department are being reported by Members. In view of these, certain technological changes have been made.

Posted in Income Tax | 3 comments | 5106 Views

CBDT lays out guidelines for complete scrutiny during FY 2022-23

13 May 2022 at 09:06

Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2022-23 – procedure for compulsory selection in such cases

Posted in Income Tax | 8904 Views

CBDT issued instruction for implementation of SC judgment on Section 148 notices

12 May 2022 at 09:06

CBDT has issued Instruction No. 01/2022, dated 11.5.2022, containing Guidelines for Implementation of SC Judgement in the case of 'Union of India vs Ashish Agarwal (2022 SCC Online SC 543), dated 4.5.2022.

Posted in Income Tax | 14877 Views

PAN compulsory for cash deposit and withdrawal above 20 Lac

11 May 2022 at 12:02

CBDT makes rules further to amend the Income-tax Rules, 1962.These rules may be called the Income-tax (Fifteenth Amendment) Rules

Posted in Income Tax | 18270 Views

CBDT inserts rule 2DCA for computation of minimum investment and exempt income under Section 10 (23FE)

10 May 2022 at 09:00

2DCA. Computation of minimum investment and exempt income for the purposes of clause (23FE) of section 10 of the Act

Posted in Income Tax | 5364 Views

CBDT releases guidelines under clause (23FE) of Section 10 of the IT Act, 1961

10 May 2022 at 09:00

Guidelines under clause (23FE) of section 10 of the Income-tax Act, 1961

Posted in Income Tax | 4083 Views

CBDT amends Rule 44E and revises Form No. 34C, 34D, 34DA, 34E and 34EA

07 May 2022 at 08:50

The Central Board of Direct Taxes (CBDT) on May 05, 2022 has issued the Income-tax (Twelfth Amendment) Rules, 2022 to further amend the Income-tax Rules, 1962. ..

Posted in Income Tax | 6498 Views

CBDT enables e-filing of Tax Audit Report Form 3CA-3CD and 3CB-3CD for AY 2022-23

06 May 2022 at 17:03

E-filing of Tax Audit Report Form 3CA-3CD and 3CB-3CD for AY 2022-23 is enabled.

Posted in Income Tax | 13686 Views

CBDT notified Form ITR-U for furnishing updated return under Section 139(8A) and Rule 12AC

02 May 2022 at 08:25

In exercise of the powers conferred by sub-section (8A) of section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the CBDT makes rules further to amend Income-tax Rules, 1962

Posted in Income Tax | 12372 Views