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  • The Central Government approves M/s Indian Institute of Technology, Bhilai (PAN: AABAI0415K) under the category of ‘University, College or other institution’.

The Central Government approves M/s Indian Institute of Technology, Bhilai (PAN: AABAI0415K) under the category of ‘University, College or other institution’.

New Delhi, the 8th June, 2021 S.O. 2175 (E).— In exercise of the powers conferred by clauses (ii) and (iii) of sub-section (1) of section 35 of the Income-tax Act,…

Income- tax (16th Amendment) Rules, 2021.

G.S.R. 338 (E).— In exercise of the powers conferred by section 50B read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes…

Procedure for exercise of option under sub-section (1) of section 245M and intimation thereof by furnishing and upload of Form No. 34BB under sub-rule (1) of Rule 44DA of Income-Tax Rules, 1962

New Delhi, the 24th May,2021 In exercise 01 the powers conferred by the Department 01 Revenue, Ministry 01 Finance, under sub-rule (3) and sub-rule (4) 01 Rule 44DA 01 the…

Relaxation for Hospitals, Dispensaries, Nursing homes, Covid care facilities and other Medical care facilities to receive/accept cash payments of Rs. 2 lakhs and above.

New Delhi, the 7th May, 2021 Granting further relief in view of severe Covid pandemic, Provisions of section 269ST of Income-tax Act,1961 relaxed by the Central Govt. allowing Hospitals, Dispensaries,…

CBDT amends Rule 2B to provide exemption for cash allowance in LIEU of LTC

New Delhi, the 5th May, 2021 G.S.R. 320(E).—In exercise of the powers conferred by clause (5) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of…

NRS having income from transfer of capital asset referred to section 47(VIIAB) exempt from obtaining PAN.

New Delhi, 4th May, 2021 G.S.R. 318(E).—In exercise of the powers conferred by clause (d) of sub section (8) of section 139A and clause (ii) of sub-section (7) of section…

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Mutual Fund Transactions by Registrar and Share Transfer Agent

Section 285BA of the Income Tax Act, 1961 and Rule 114E requires specified reporting persons to furnish statement of financial transaction (SFT). 2. For the purposes of pre-filling the return…

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

New Delhi, 30th April, 2021 Section 285BA of the Income Tax Act, 1961 and Rule 114E requires specified reporting persons to furnish statement of financial transaction (SFT). 2. For the…

CBDT notifies Form No.34BB for making request to withdraw application pending before Settlement Commission

New Delhi, the 30th April, 2021 G.S.R. 301(E).—In exercise of the powers conferred by sub-section (1) of section 245M read with section 295 of the Income-tax Act, 1961 (43 of…

Section 10 (23FE) of the Income Tax Act, 1961 – Exemption – Income of Specified Person from an Investment made in India – Specified Pension Fund

New Delhi, the 22nd April, 2021 S.O. 1672(E).—In exercise of powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the…