The Central Board of Direct Taxes (CBDT) vide its Notification No 92/2021 dated 10th August 2021 notifies the Rule 10RB for allowing relief in tax payable under sub-section (1) of section 115JB due to operation of subsection (2D) of section 115JB. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the
The Central Board of Direct Taxes (CBDT) vide its Notification No 87/2021 dated 4th August 2021 designates the Special Courts for the purposes of section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(INVESTIGATION DIVISION-V)NOTIFICATIONNew Delhi, the 4th August
The Central Board of Direct Taxes (CBDT) vide its Notification No 84/2021 dated 3rd August 2021 notifies the “2726247 Ontario Inc.” as specified pension fund u/s 10(23FE) of Income Tax Act 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 3rd August 2021 (INCOME-TAX) S.O. 3114(E).—In exercise of
The Central Board of Direct Taxes (CBDT) vide its Notification No 83/2021 dated 29th July 2021 removes certain rules and forms from the Income Tax Act, 1961 by inserting Rule 130 Ommission of certain rules and forms and savings. Rules Removed: Rules 5A, 5AB, 6ABB, 12B, 12BA, 16D, 16DD, 16E, 16F, 18B, 18BB, 18BBA, 18DD,
The Central Board of Direct Taxes (CBDT) vide its Press Release dated 20th July 2021 further extends the electronic filing of Income Tax Forms 15CA/15CB till 15th August 2021. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 20th July, 2021 PRESS RELEASE CBDT grants further relaxation in
The Central Board of Direct Taxes (CBDT) vide its Notification No 77/2021 dated 07th July 2021 amends the rules relating to computation of short term capital gains and written down value under section 50 where depreciation on goodwill has been obtained by inserting Rule 8AC. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 2nd July, 2021 G.S.R. 470(E).—In exercise of the powers conferred by section 48 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct taxes hereby makes the following rules further to amend the Income-tax Rules,1962, namely:─ 1.
The Central Board of Direct Taxes (CBDT) vide its Notification No 74/2021 dated 25th June 2021 notify the extension of date of various compliances due to outbreak of coronavirus in the country. 1. Date of passing the order for assessment or reassessment under the Income-tax Act under section 153 or section 153B extended till 30th
The Central Board of Direct Taxes (CBDT) vide its Press Release dated 25th June 2021 notify exemption for medical expenditure on COVID treatment and ex-gratia payment received on the death due to COVID. Further, CBDT also announces the extension in timelines for various compliances. The following extension has been provided:- 1. Filing of objection to
The Central Board of Direct Taxes (CBDT) vide its Circular No 11/2021 dated 21st June 2021 notifies that CBDT is issuing a new functionality “Compliance Check for Sections 206AB & 206CCA”. Circular No. 11 of 2021 F. No. 370133/7/2021-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) *********** Dated:
