Category: Income Tax
Excel Income Tax Challan ITNS 280 for FY 2022-23 AY 2023-24 with database facility. Download ABCAUS Income Tax payment Challan No. ITNS 280 This excel Challan ITNS 280 for payment of Income Tax should be used for making payment of income tax on companies (corporation tax) or income …
Cash deposits and withdrawal to require quoting of PAN. Opening current or cash credit to also require PAN. CBDT widens rules for obtaining PAN CBDT has notified Income–tax (Fifteenth Amendment) Rules, 2022 vide Notification No. 53/2022 dated 10th May 2022. According to the amendments, application for allotment …
Excel Income Tax TDS Challan ITNS-281 version 1.5.10 for AY 2023-24 with database facility Income Tax Challan ITNS 281 is used for payment of Tax Deducted at Source (TDS) or Tax Collected at Source (TCS). A PDF version of the challan with instructions can be downloaded from income …
CBDT amends various Income Tax Forms CBDT has amended various Income Tax Forms as under: 1. Form No. 3CF related to application for registration or approval u/s 10(35) read with Rule 5C, Rule 5D, Rule 5E and Rule 5F 2. Form No. 10A – Statement to be furnished …
Guidelines under clause (23FE) of section 10 of the Income-tax Act, 1961 – CBDT Circular The Finance Act, 2020, inter-alia, inserted clause (23FE) in section 10 of the Income-tax Act, 1961 to provide for exemption to wholly owned subsidiaries of Abu Dhabi Investment Authority (ADIA), sovereign wealth funds …
Method of calculation of the eligible investment and exempt income in respect of Sovereign Wealth Fund and Pension Fund u/s 10(23FE) CBDT has made amendment of the Income tax Rules, 1962 for providing the method of calculation of the eligible investment and exempt income in respect of Sovereign …
Application for Advance Income Tax Ruling to be digitally signed. Amendment to Rule 44E CBDT has notified Income-tax (Twelfth Amendment) Rules, 2022 to modify Rule 44E for making application for advance ruling. Under the amended Rule 44E, the application has to be in quadruplicate. The amendment further provides …
ITR Forms & Rule for filing Updated Return of Income with additional tax Rule 12AC, ITRU notified The Union Budget 2022-23 had proposed a new provision in section 139 for filing an updated return of income with additional tax by any person, whether he has filed a return previously …
CBDT extends time line for electronic filing of Form NO.10AB for registration/approval u/s 10(23C) 12A or 80G of Income tax Act 1961 F. No. 197/59/2022·ITA I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No. 8 /2022 New Delhi, …
Amendment by Finance Act 2021 for disallowance u/s 36(1)(va) read with u/s 43B retrospective or prospective is debatable & controversial – ITAT ABCAUS Case Law CitationABCAUS 3588 (2022) (03) ITAT Important case law relied referred:CIT vs. Hindustan Electro Graphites Ltd. 243 ITR 0048 (SC)Modern Fibotex India Ltd. & …
