The Central Board of Direct Taxes (CBDT) vide its Notification No 55/2022 [S.O. 2426(E)] dated 27th May 2022 amends the Notification No 03/2021 dated 12th January 2021 for giving effects of Faceless Penalty (Amendment) Scheme 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th May 2022 (INCOME-TAX)
The Central Board of Direct Taxes (CBDT) vide its Notification No 54/2022 [S.O. 2425(E)] dated 27th May 2022 amends the Faceless Penalty Scheme 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th May 2022 (INCOME-TAX) S.O. 2425(E).— In exercise of the powers conferred by sub-section (2A) of
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 Notification No 53/2022 [G.S.R. 346(E)] dated 10th May 2022 notifies the amendment in the rule with respect to having/applying for Permanent Account Number w.e.f 26th of May 2022. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 10th May 2022 G.S.R. 346(E).––In exercise of
The Central Board of Direct Taxes (CBDT) vide its Notification No 49/2022 [G.S.R. 339(E)] dated 5th May 2022 amends the rules with respect to filing of application for obtaining advance ruling under Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th May, 2022 G.S.R.
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
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
The Central Board of Direct Taxes (CBDT) vide its Notification No 07/2022 [S.O. 248(E)] dated 18th January 2022 notifies the e-advance rulings Scheme, 2022 under sub-section (9) and (10) of section 245R and sub-section (2) and (3) of section 245W of the Income Tax Act, 1961. MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF
The Central Board of Direct Taxes (CBDT) vide its Notification No 8/2022 [G.S.R. 24(E)] dated 18th January 2022 notifies the Rule 8AD under Income Tax Rules, 1962 for computation of capital gains for the purposes of sub-section (1B) of section 45. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi,