Category: Income Tax
CBDT has issued four circulars issuing Order under section 119 of the Income-tax Act, 1961 for condonation of various Income Tax Forms Circular No. 17/2022 : Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A and Form No. 10 for Assessment …
Application under section 158AB to defer filing of appeal before the Appellate Tribunal or the jurisdictional High Court MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 83/2022 New Delhi, the 12th July, 2022 INCOME-TAX G.S.R. 537(E).—In exercise of the powers conferred by sub-section (2) …
Income of Bihar Electricity Regulatory Commission PAN AAALB1099E notified exempt u/s 10(46). MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 81/2022 New Delhi, the 8th July, 2022 S.O. 3142(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 …
Conditions to be fulfilled by original fund u/s 47(viiad) if resultant fund is Category III Alternative Investment Fund MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 80/2022 New Delhi, the 8th July, 2022 G.S.R.524(E).—In exercise of the powers conferred by sub-clause (iv) of clause (a) …
Deduction u/s 54. Assessee cannot be blamed for the delay in housing projects by the builder as sections 54 and 54F are beneficial provisions. In a recent judgment, ITAT has held that deduction u/s 54 can not be denied for the delay in housing projects by the builder …
CBDT specifies non-fungible token which shall not be considered as virtual digital asset MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 75/2022 New Delhi, the 30th June, 2022 (Income-tax) S.O.2959(E).––In exercise of the powers conferred by clause (a) of Explanation to clause (47A) of section …
CBDT notifies virtual digital assets excluded from the definition of virtual digital asset MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 74/2022 New Delhi, the 30th June, 2022 (Income-tax) S.O.2958(E).––In exercise of the powers conferred by proviso to clause (47A) of section 2 of the …
CBDT notifies Form No. 26QF TDS statement under section 194S for TDS on transfer of a virtual digital asset MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 73/2022 New Delhi, the 30th June, 2022 INCOME-TAX G.S.R.482(E).—In exercise of the powers …
CBDT revises jurisdiction of Chief Commissioner of Income-tax New Delhi and Mumbai MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 71 of 2022 New Delhi, the 28th June, 2022 (INCOME TAX) S.O. 2926(E).—In exercise of powers conferred by sub-sections (1) and (2) of section 120 …
Arms length price us 92C variation in wholesale trading up to 1% and 3 % in other cases to be deemed ALP for AY 2022-23 MINISTRY OF FINANCE(Department of Revenue) Notification No. 70/2022 New Delhi, the 28th June, 2022 S.O. 2928(E).—In exercise of the powers conferred by the …
