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Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961

New Delhi, dated 22nd June, 2022 Finance Act 2022 inserted a new section 194S in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July…

Guidelines for removal of difficulties under sub-section (2) of section 194R of the Incometax Act, 1961

New Delhi, dated 16th June, 2022 Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from I” July…

Clarification regarding Form No 10AC issued till the date of this Circular

Dated: 3rd June, 2022 Finance Act, 2022 has inserted sub-section (4) in section 12AB of the Income-tax Act, 1961 (the Act) allowing the Principal Commissioner or Commissioner of Income-tax to…

Circular regarding use of functionality under section 206AB and 206CCA of the Income-tax Aci, 1961

Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income-tax Act 196 1 (here in after referred to as “the Act”) which took effect from 1 st…

Guidelines under clause (23FE) of section 10 of the Income-tax Act, 1961

Dated: 9th May, 2022 The Finance Act, 2020, inter-alia, inserted clause (23FE) in section 10 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) to provide for exemption…

Faceless Inquiry or Valuation Scheme, 2022.

In exercise of the powers conferred by sub-sections (1) and (2) of section 142B of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme,…

Extension of time line for electronic filing of Form NO.10AB for seeking registration or approval under Section 10(23C), 12A or BOG of the Incometax Act,1961 (the Act)

New Delhi, Dated 31st March 2022 On consideration of difficulties in electronic filing of Form NO.10AB as stipulated in Rule 2C or 11M or 17A of the Incometax Rules, 1962…

Clarification with respect to relaxation of provisions of rule 114AAA of Income-tax Rules, 1962 prescribing the manner of making Permanent Account Number (PAN) inoperative

Instances had come to the notice of the Income-tax Department that multiple permanent account numbers (PANs) have been allotted to one person or one PAN has been allotted to more…

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form 10-IC for Assessment Year 2020-21

Section 115BAA of the Income-tax Act, 1961 (the Act) was inserted by the Taxation Laws (Amendment) Act, 201 9 w.e.f. 01.04.2020. As per the Section, the income-tax payable in respect…

Relaxation from the requirement of electronic filing of application in Form No.3CF for seeking approval under section 35(1 )(ii)/(iia)/(iii) of the Income-tax Act,1961 (the Act)

New Delhi, Dated 16th March 2022 On consideration of difficulties in electronic filing of Form No.3CF as stipulated in Rule 5C (1A) and Rule 5F(2)(aa) of the Income-tax Rules, 1962…