Category: Income Tax
 CBDT extends due date of filing of TDS return Form 26Q for the second quarter of financial year 2022-23 from 31st of October, 2022 to 30th of November, 2022. CBDT extends due date of filing of TDS return Form 26Q Circular No. 21/2022  F.No.275125/2022-IT(B) Government of …
 Different Income Tax Returns to be replaced by one common ITR. I. T. Department proposes a common Income-tax Return except ITR-7  F No 370133/16/2022-TPLGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)  New Delhi, 1st November, 2022 Sub: Draft common Income-tax Return-request for …
 Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10A to 25.11.2022 Circular No. 22 of 2022 F.No.197/93/2022-ITA-1Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes  New Delhi, the 01st November, 2022 Sub: Condonation of …
 Extension of due date for furnishing return of income for audit cases for AY 2022-23  F. No. 225/49/2021/1TA-1Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** Circular No. 20/2022  New Delhi, dated 26th October 2022 Subject: – Extension of …
For exemption 10(23C), educational institutions cannot have objects unrelated to education. All objects must relate to imparting education – Supreme Court ABCAUS Case Law CitationABCAUS 3615 (2022) (10) SC Important Case Laws relied upon by parties American Hotel and Lodging Association vs. Central Board of Direct Taxes (2008)10 …
Disallowance of belated deposit of Employees’ contribution of PF/ESI u/s 43B even if deposited before due date of ITR filing -Supreme Court settles the law ABCAUS Case Law CitationABCAUS 3614 (2023) (10) SC Important Case Laws relied upon by parties Allied Motors (P) Ltd. v Commissioner of Income …
Penalty u/s 271(1)(b) quashed as notice u/s 142(1) issued but no finding was as to if it was served on assessee. ABCAUS Case Law Citation ABCAUS 3613 (2023) (10) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming penalty u/s …
 CBDT extends due date for filing of various reports of audit for the Assessment Year 2022-23 to 7th October 2022  CBDT vide circular no. 19/2022 has extended due date for filing of various reports of audit for the Assessment Year 2022-23 to 7th October 2022.  …
CBDT notifies modified return of income to be furnished by a successor entity to a business reorganisation u/s 170A. The return shall be in the Form ITR-A and shall be furnished electronically under digital signature. It has been provided that if the assessment or reassessment proceedings for an …
 CBDT issues Additional Guidelines on applicability of TDS under section 194R – CBDT Circular   Additional Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961. CBDT has issued Circular No 18 of 2022 dated 13th September, 2022  Finance …
