Tag: cbdt press release
CBDT issues clarification on Circular No. 01/2025 On Application of PPT under India’s DTAAs CBDT has issued Circular No. 01/2025 dated 21.01.2025 as a guidance to provide clarity and certainty on the application of the Principal Purpose Test (PPT) provision under India’s Double Taxation Avoidance Agreements (DTAAs). It …
CBDT rolls out Dispute Resolution Scheme (e-DRS), 2022, to minimise litigation CBDT has rolled out Dispute Resolution Scheme (e-DRS), 2022, to minimise litigation. Dispute Resolution Committees (DRCs) constituted in all 18 jurisdictional Pr. CCIT regions across the country. As per e-DRS, a taxpayer can opt for e-Dispute Resolution …
CBDT issues clarification in respect of Income tax clearance certificate (ITCC). All Indian citizens not required obtain ITCC before leaving the country. CBDT issues clarification in respect of Income-tax clearance certificate (ITCC). Section 230 (1A) of the Income-tax Act, 1961 (the ‘Act’) relates to obtaining of a tax …
No special drive to reopen cases to examine HRA claims – CBDT clarification on media reports claiming Income Tax Department special drive to reopen cases with reference to HRA claims CBDT has clarified that apprehensions about retrospective taxation on incorrect HRA claims and re-opening of cases on issues …
CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities In the Finance Act, 2023, an amendment has been introduced to bring the consideration received from non-residents for issue of shares within the ambit of section 56(2)(viib) of the Income-tax Act, …
Last date for linking of PAN-Aadhaar extended to 30.06.2023. Consequences of PAN becoming inoperative due to non linking with Aadhaar Ministry of Finance Press Release Last date for linking of PAN-Aadhaar extended Posted On: 28 MAR 2023 2:48PM by PIB Delhi …
CBDT releases list of Exempt Institutions Registered with Unique Registration Number – Order in Form 10AC CBDT vide notification No. 19/2021 dated 26.03.2021 revised the procedure for registration of charitable trusts All trusts/charitable institutes were required to make a fresh application for provisional registration in Form No. 10A …
Different Income Tax Returns to be replaced by one common ITR. I. T. Department proposes a common Income-tax Return except ITR-7 F No 370133/16/2022-TPLGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes) New Delhi, 1st November, 2022 Sub: Draft common Income-tax Return-request for …
CBDT vide Circular dated 11.01.2022 further extends due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 CBDT Circular 01/2022 dated 11.01.2022 further extends due dates for filing of Income Tax Returns and various reports of audit for the …
CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment CBDT clarification on carry forward of losses for shareholding change due to strategic disinvestment Finance Act, 2021 has amended section 72A of the Income-tax Act, 1961 (the Act) to inter alia provide …
