Income Tax News

Form 27C is derived from Rule 37C of the Income Tax rules wherein it has been mentioned that such declaration...

CBDT extends the due date for filing of various reports of audit for Assessment Year 2022-23 from 30th September, 2022...

Now 2 days are left for the due date of Tax audit i.e. 30.09.2022 and CBDT has now on 27.09.2022...

The statement required to be furnished under section 285B by a person carrying on production of cinematograph film or engaged...

Hence, there is a twin condition: (1) Assessee should have declared profit in previous year in accordance with 44AD provision...

he figures of Direct Tax collections for the FY 2022-23, as on 17.09.2022 show that net collections are at Rs. 7,00,669 crore, compared...

It is clarified that this Circular is only for removing implementation of provisions of section 194R of the Act and...

Select Reason for withdrawal and confirm withdrawal to proceed. In case of Reason of withdrawal is selected as “Others”, comments...

So far, the search action has led to detection of unaccounted income of more than Rs. 100 crore.  Further, undisclosed...

ICAI requests its Members to remit Annual Membership/Certificate of Practice fees for the year 2022-2023, which became due for payment...

However, those were interim stay but now Calcutta High court has issued a final order and quashed the notice issued...

In the above judgement the court has accepted the initial plea of the petitioner i.e. assessee and has been granted...

In the above judgement the court has accepted the initial plea of the petitioner i.e. assessee and has granted interim...

"an applicant may apply for allotment of permanent account number through a common application form notified by the Central Government...

CBDT has vide circular no. 16/2022 and 17/2022 Dt. 19.07.2022 allowed assessee to file condonation application in relation to Form...