Tag: Income tax updates

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 ...

Statutory Compliance Chart for the Month of September 2022 : Below mentioned are some important due dates under Income tax, GST, company ...

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 ...

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

ICAI has also talked about Clause 44 of Form 3CD in its guidance note on Tax audit - 2022 edition, ...

For claiming foreign tax credit, as per Income Tax rules assessee is required to file Form 67 on e-filing portal ...

The traditional method to verify Income Tax return is to sign and send the Income tax return to CPC, Bangalore. ...

On successful filing the TDS return an RRR number would be generated on e-filing portal which the tax deductor has ...