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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…

e-Dispute Resolution Scheme, 2022.

S.O. 1642(E).—In exercise of the powers conferred by sub-sections (3) and (4) of section 245MA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following…

Income-tax (Seventh Amendment) Rules, 2022.

G.S.R 274(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 245MA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board…

Income-tax (6th Amendment), Rules, 2022.

G.S.R. 256(E).— In exercise of the powers conferred by section 89A read with section 295 of the Incometax Act, 1961 (43 of 1961), the Central Board of Direct taxes hereby…

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…

Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol to India’s DTAAs with certain countries

New Delhi, 3rd February, 2022 The Protocol to India’s Double Taxation Avoidance Agreements (DTAAs) with some of the countries, especially European States and OECD members (The Netherlands, France, the Swiss…