The Central Board of Direct Taxes (CBDT) vide its Notification No 48/2022 [G.S.R. 325(E)] dated 29th April, 2022 notifies the new Rule 12AC under Income Tax Rules, 1962 and Form ITR-U for filing of updated return under section 139 (8A) which was introduced by the Government in the Budget 2022. MINISTRY OF FINANCE (Department of
The Central Board of Direct Taxes (CBDT) vide its Notification No 42/2022 [G.S.R. 309(E)] dated 22nd April 2022 amends the Rule 17C of Income Tax Rules, 1962 which deals with the Forms or modes of investment or deposits by a charitable or religious trust or institution. MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF
Que. 1. What is a Special Economic Zone (SEZ)? Ans.: Special Economic Zone (SEZ) is a geographically delineated duty-free enclave and shall be deemed to be a foreign territory for the purposes of trade operations and duties and tariffs. Que. 2. What is meant by Domestic Tariff Area (DTA)? Ans.: DTA, as defined in the
The Central Board of Direct Taxes (CBDT) vide its Notification No 29/2022 [S.O. 1770(E)] dated 11th April 2022 notifies The Somnath Temple managed by Shree Somnath Trust having PAN AAATS9555Q. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 11th April, 2022 INCOME-TAX S.O. 1770(E).— In the exercise of
