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  • CBDT extends Time Limit for Income Tax Assessment

CBDT extends Time Limit for Income Tax Assessment

New Delhi, the 27th April, 2021 S.O. 1703(E).— In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of…

Income Tax (Eleventh Amendment) Rules, 2021 – Amendment in Rule 2DB and Substitution of Form No.10BBA

New Delhi, the 26th April, 2021 G.S.R. 291(E).—In exercise of the powers conferred by sub-clause (iii) of clause (c) of Explanation 1 to the clause (23FE) of section 10 read…

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income by Reporting Entities

New Delhi, 20 April, 2021 Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income Section 285BA of the Income Tax Act, 1961 and Rule…

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income by Reporting Entities

New Delhi, 20 April, 2021 Section 285BA of the Income Tax Act, 1961 and Rule 114E requiresspecified reporting persons to furnish statement of financial transaction (SFT). 2. For the purposes…

Govt. Notifies Norway Based Fund ‘NORFUND’ as Sovereign Wealth Fund for Sec.10(23FE) Exemption.

New Delhi, the 19th April 2021 (Income-Tax) S.O. 1661(E).—In exercise of the powers conferred by sub-clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10…

Income tax (10th Amendment) Rules, 2021.

New Delhi, the 15th April, 2021 INCOME-TAX G.S.R. 274(E).—In exercise of the powers conferred by sub-clause (iii) of clause (c) of Explanation 1 to the clause (23FE) of section 10…

Powers granted by CBDT to Director of Income tax (centralized processing centre), Bengaluru and commissioner of Income tax(Exemption), Bangalore.

New Delhi, the 1st April, 2021 INCOME – TAX S.O. 1443(E).—In exercise of the powers conferred by clause (i) of sub-rule (1), sub-rule (5) and sub-rule (6) of rule 2C…

Amendment to rule 10DA and 10DB in principle rules of Income Tax Rules,1962

New Delhi, the 5th April, 2021 Income-tax G.S.R 250(E).—In exercise of the powers conferred by sub-section (1) and sub-section (4) of section 92D and sub-section (8) of section 286 read…

Agreement between Government of Republic of India and the Government of the Islamic Republic of Iran For the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on Income.

New Delhi, the 1st April, 2021 (Income-tax) S.O. 1442(E).—Whereas, an Agreement between the Government of the Republic of India and the Government of the Islamic Republic of Iran for the…

Insertion to Rule 6G, Income Tax Rules, 1962 relating to Revision of Tax Audit Report and substitution of clauses in Form 3CD.

New Delhi, the 1st April, 2021 (INCOME-TAX) G.S.R. 246(E).––In exercise of the powers conferred by section 44AB read with section 295 of the Incometax Act (43 of 1961), the Central…