Tag: cbdt notification

CBDT notifies format of ITR-5 for Assessment Year 2025-26 CBDT has issued Notification No. 42/2025 dated 02.05.2025 notifying the PDF format of ITR-5 for the AY 2025-26. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 42/2025 New Delhi, the 1st May, 2025 G.S.R 286(E).—In exercise …

CBDT notifies format of ITR-3 for AY 2025-26 for For individuals and HUFs having income from profits and gains of business or profession. CBDT notifies format of ITR-3 for Ay 2025-26  CBDT vide Notification No. 41/2025 dated 01.05.2025 has notified the format of Income Tax Return-3 (ITR-3). What is …

ITR-1 Sahaj and ITR-4 Sugam has been notified for AY 2025-26. Scope of ITRS enlarged for capital gain u/s 112A CBDT vide Notification No. 40/2025 has notified the Income-tax (twelfth Amendment) Rules, 2025 w.e.f. 01.04.2025. ITR-1 Sahaj and ITR-4 Sugam has been notified for AY 2025-26. Amendments have …

CBDT enlarges the scope of section 37, to exclude expenditure incurred to settle proceedings under four laws out of business expenditure CBDT has issued notification enlarging the scope of section 37, to exclude from the definition of business expenditure, any expenditure incurred to settle proceedings under four laws …

CBDT widens the TCS net on sale of ten high priced goods of the value exceeding ten lakh rupees w.e.f. 22.04.2025 Section Section 206C of the Income Tax Act, 1961, pertains to the Tax Collected at Source (TCS). It mandates certain sellers to collect tax from buyers at …

CBDT notifies 5 years Bonds of HUDCO eligible for capital gain exemption under section 54EC  MINISTRY OF FINANCE(Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 31/2025 New Delhi, the 7th April, 2025 S.O. 1644(E).—In exercise of the powers conferred by clause (ba) of Explanation to section 54EC …

CBDT notifies 30.04.2025 as last date for declaration of tax arrear to be filed under Direct Tax Vivad se Vishwas Scheme, 2024 MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 32/2025 New Delhi, the 8th April, 2025 S.O. 1650(E).—In exercise of the powers …

CBDT notifies ITR-B Return of income under section 158BC for block search assessment cases CBDT vide Notification No. 30/2025 dated 07/04/2025 has notified the Income-tax (Tenth Amendment) Rules, 2025 prescribing ITR-B for block search assessment return under clause (a) of sub section (1) of section 158BC of the …

Withdrawal of deposits under NSS or deferred annuity plan exempted from TDS under section 194EE Section 194EE of the Income Tax Act, 1961 (the Act) provides for deduction of tax at source (TDS) @ 10 per cent in respect of deposits under National Savings Scheme or payment to …

CBDT sets deadline of PAN and Aadhaar linking to 31.12.2025 in cases where PAN were allotted on the basis of Enrolment ID of Aadhaar application form filed prior to the 1st day of October, 2024. CBDT has issued two Notifications for linking of PAN to Aadhaar where Permanent …