Category: Income Tax
Income Tax Rule 10RB – Relief in tax payable u/s 115JB(1) due to operation of sub-section (2D) of section 115JB CBDT vide Notification No. 92/2021 dated 10th August 2021 has notified Income tax (23rd Amendment), Rules, 2021. A new Income tax Rule 10RB has been inserted to provide …
Income tax Amendment (22nd Amendment) Rules 2021. Rule 21AI & 21AJ – Determination and Computation of exempt income of specified fund u/s 10(4D) & 115AD(1A) CBDT has issued Notification No. 90/2021 dated 10th August 2021 to notify Income tax Amendment (22nd Amendment), Rules, 2021 to insert the following …
TDS on payment to advertising agency is covered u/s 194C not 194I. Contract need not always be in writing and could be implied also. ABCAUS Case Law CitationABCAUS 3539 (2021) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming …
CBDT exempts income of RERA Himanchal Pradesh & National Council of Science Museum Kolkata u/s 10(46) In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961, CBDT has exempted specified income of Real Estate Regulatory Authority Himanchal Pradesh (PAN AAAGR1176F). (Notification …
The Taxation Laws (Amendment) Bill 2021 introduced in Lok Sabha to end retrospective tax The Government has introduced the Taxation Laws (Amendment) Bill 2021 to provide no tax demand shall be raised in future on the basis of the said retrospective amendment for any indirect transfer of Indian …
Cancellation of Registration of trust u/s 12AA and 80G for bogus donations was right. Entity misusing status conferred upon u/s 12AA not entitled to it – Supreme Court In the instant case, the Income Tax Department had challenged the order passed by the High Court setting aside the …
CBDT further extends due date for e-filing of various income tax forms  Extension of time lines for electronic filing of various Forms under the Income-tax Act,1961 On consideration of difficulties reported in new e-filing portal by the taxpayers and other stakeholders in electronic filing of certain Income …
All Audit Reports by CA & other Income Tax Forms to be filled electronically. Income-tax (21st Amendment) Rules, 2021  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 83/2021 New Delhi, the 29th July, 2021 (INCOME-TAX)  G.S.R. 514(E).––In exercise of the powers conferred by …
CBDT notifies the Income-tax (20th Amendment) Rules, 2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 82 /2021 New Delhi, the 27th July, 2021 G.S.R.509(E).—In exercise of the powers conferred by section 139 and section 148 read with section 295 of the Income-tax Act, 1961 …
Data retrieved from Pen-drive and admission by vendors though may have a persuasive value no substantive evidentiary value to make additions. Data retrieved from digital device certificate u/s 65B(4) of Evidence Act must prove its authenticity. In the instant case, the assessee had cjhallenged the order passed by …
