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 for digital signing of the application by various categories of the applicants, i.e. individual, HUF, firm, companies etc.
Further Form No. 34C to Form No. 34EA have also been replaced.
Penalty u/s 271B for unfilled column 40 in Form 3CD related to details regarding turnover, gross profit etc. for previous…
Merely rectifying computation without amending assessment order without notice to assessee does not nullify the entire assessment - ITAT In…
Once assessee discharges primary onus of providing basic documents in support of the identity, genuineness and the creditworthiness it shifts…
CBDT has notified Cost Inflation Index for Financial Year / Tax Year 2026-27 CBDT has notified "384" as Cost Inflation…
Power of CIT(A) under section 251(1)(a) to remand case could be exercised only when the assessment is passed u/s 144…
ICAI (Global Networking) Guidelines, 2025 kept in abeyance In February 2026, ICAI had issued ICAI (Global Networking) Guidelines 2025 to…