Tag: cbdt notification
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 …
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 approves Sri Shankara Cancer Foundation for weighted deduction of expenditure on scientific research CBDT has approved ‘Sri Shankara Cancer Foundation, Bangalore (PAN: AAHTS5593F)’ under the category of ‘University, College or other institution’ for deduction of expenditure on scientific research for the purposes of clause (ii) of sub-section …
CBDT exempts income of the National Skill Development Corporation u/s 10(46) of the Income Tax Act 1961 CBDT vide Notification No. 10 /2022 has exempted the following income of the National Skill Development Corporation (a) Amount received in the form of Government grants. (b) Amount received in the …
CBDT has notified e-advance rulings Scheme, 2022 CBDT has notified e-advance rulings Scheme, 2022 vide Notification No. 07/2022. It comes into force from 18th January 2022. This Scheme shall be applicable to applications of advance rulings,– (a) made to the Board for Advance Rulings under sub-section (1) of …
Computation of capital gains for the purposes of sub-section (1B) of section 45 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 8/2022 New Delhi, the 18th January, 2022 G.S.R. 24(E).—In exercise of the powers conferred by sub-section(1B) of section 45, read with section …
CBDT exempts income of Assam Electricity Regulatory Commission u/s 10(46) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 5/2022 New Delhi, the 13th January, 2022 S.O. 193(E). In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act,1961 (43 of …
Determination of income of a specified fund attributable to the investment division of an offshore banking unit. CBDT notifies Income tax (1st Amendment), Rules, 2022. CBDT has notified two new Income Tax Rules (i) Rule 21AJA – Computation of exempt income of specified fund, attributable to the investment division …
