Tag: cbdt notification
e-settlement Scheme under Income Tax Act Under section 245D the Central Government is authorised to notify a scheme, for the purposes of settlement in respect of pending applications by the Interim Board, so as to impart greater efficiency, transparency and accountability. Accordingly, CBDT has notified e-Settlement Scheme, 2021 …
Deemed arm’s length price in case of variation between price determined u/s 92C for international transaction or specified domestic transaction for AY 2021-22 MINISTRY OF FINANCE(Department of Revenue) Notification No. 124/2021 New Delhi, the 29th October, 2021 (INCOME TAX) S.O. 4586(E).—In exercise of the powers conferred by the …
CBDT approves Pimpri Chinchwad College of Engineering u/s 35(1)(ii) under category University, College or Other Institution for Scientific Research CBDT, in exercise of the powers conferred by clauses (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the …
CBDT notifies Special Courts under Income Tax & Black Money Act CBDT has notified following Special Courts for the purposes of sub-section (1) of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, …
CBDT prescribes Form/manner of furnishing undertaking u/s section 119 of Finance Act 2012 INISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 120/2021 New Delhi, the 13th October, 2021 INCOME-TAX G.S.R.737(E).—In exercise of the powers conferred by the first provisio to section 119 of Finance Act, …
CBDT exempts non residents, foreign company and eligible foreign investors from filing return of income CBDT has exempted the following class of persons from the requirement of furnishing a return of income u/s 139(1) from assessment year 2021-2022 onwards subject to fulfilment of certain conditions: Sl. …
CBDT notifies rules for Indirect transfer prior to 28.05.2012 of assets situate in India Central Board of Direct Taxes (CBDT) has notified the Income-tax (31st Amendment) Rules, 2021. The amendment provides for the rules for the Indirect transfer prior to 28th May, 2012 of assets situate in India. …
Applicability of Transfer price under Rule 10TD declared by the assessee in respect of Safe Harbour transaction extended to AY 2021-22 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 117/2021 New Delhi, the 24th September, 2021 INCOME-TAX G.S.R. 661(E).—In exercise of the powers conferred by …
No TDS u/s 194A on interest payments up to Rs. 20 lakhs to Scheduled Tribes by scheduled banks located in a specified area in North Eastern States and Ladakh Region Sub-section (1F) of section 197A of the Income-tax Act, 1961 provides that no deduction of tax …
CBDT notifies two sovereign wealth funds u/s 10(23FE) CBDT has notified two sovereign wealth fund under section 10(23FE) of the Income Tax Act 1961 (the Act) as the specified person for the purposes of the clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10 …