The Central Board of Direct Taxes (CBDT) vide its Circular No 10 of 2022 dated 17th May 2022 issues clarification regarding the use of functionality under section 206AB and 206ACC of the Income Tax Act, 1961. 1. Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income-tax Act 1961 (hereinafter referred to
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 10/2021 dated 25th May 2021 clarifies that if different relaxation are available to the taxpayers for particular compliance, the taxpayer is entitled to the relaxation which is more beneficial to him. The full text of the Circular is as follows:- Circular No. 10/2021 F .NO.225/49/2021/ITA-1I Government
F. No. 370142/1812020-TPL Government ofIndia Ministry of Finance .Department of Revenue Central Board of .Direct Taxes ***** New Delhi, 3rd March, 2021 Residential status of certain individuals under Income-tax Act, 1961 Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to the determination of residency of a person. The status of an
