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CBDT provides relaxation from TDS u/s 194I on payment of lease or supplemental lease rent

   18 June 2022 at 06:38

CBDT specifies that no deduction of tax shall be made under section 194-I of the Income-tax Act on payment in the nature of lease rent or supplemental lease rent

Posted in Income Tax  1 comments |   6318 Views


CBIC introduced changes in system w.r.t AD Code Registration in exports

   18 June 2022 at 06:38

To facilitate trade, the following changes have been made in the System in respect of AD Code registration.

Posted in Custom |   4032 Views


CBDT notifies additional conditions to be fulfilled by a specified fund for availing exemption u/s 10 (4D)

   18 June 2022 at 06:38

For the purposes of the proviso to item (III) of sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 of the Act, the "other conditions" required to be fulfilled by a specified fund

Posted in Income Tax |   3474 Views


ICMAI extends time granted to undergo MCBT upto 31st December, 2022

   18 June 2022 at 06:38

Extension of time granted to undergo MCBT upto 31st December, 2022

Posted in Professional Resource |   1875 Views


Net Direct Tax collections rose over 45% to over Rs. 3.39 lakh crore for FY 2022-23

   18 June 2022 at 06:38

Net Direct Tax collections rose over 45% to over Rs. 3.39 lakh crore for FY 2022-23, representing an increase of 45% over the collections of the preceding year.

Posted in Income Tax  1 comments |   3927 Views


Delhi Customs seized a total of 7.10 lakhs of foreign origin cigarettes worth Rs. 1 crore

   18 June 2022 at 06:38

Delhi Customs Preventive seizes more than 37 lakhs cigarette sticks; 7.10 lakhs of foreign origin worth Rs. 1 crore

Posted in Custom |   3699 Views


Income Tax Department conducts searches in J&K and Delhi

   18 June 2022 at 06:38

Income Tax Department carried out search and seizure operations on 15.06.2022 on a leading manufacturer and seller of Jamawar Shawls, Pashmina and Kashmiri Shawls.

Posted in Income Tax |   1464 Views


IT department issues revised instruction on action against taxpayers for high-pitched scrutiny assessment

   17 June 2022 at 08:55

Revised Instruction for constitution and functioning of Local Committees to deal with taxpayers' grievances due to high-pitched Scrutiny Assessment

Posted in Income Tax |   5667 Views


RBI revises AFA limit to Rs.15000 per transaction

   17 June 2022 at 08:55

Processing of e-mandates for recurring transactions

Posted in Others |   2829 Views


CBDT issues guidelines for removal of difficulties under Section 194R

   17 June 2022 at 08:55

Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961

Posted in Income Tax |   6720 Views