Income Tax notification

CBDT amends Income Tax rule 114 & Inserts rule 114BA & 114BB

Notification No. 53/2022-Income Tax [G.S.R. 346(E)] 10/05/2022

CBDT amends Income Tax rule 114 related to Application for allotment of a permanent account number and inserts new Rule 114BA. Transactions for the purposes of clause (vii) of sub-section (1) of section 139A and Rule 114BB. Transactions for the purposes of sub-section (6A) of section 139A and prescribed person for the purposes of clause...

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CBDT authorizes DIT (Centralized Processing Centre) for specified purposes

Notification No. 52/2022-Income-Tax, [S.O. 2161(E).] 09/05/2022

Seeks to amend Notification No. 30/2021 dated 1st April, 2021 – CBDT authorizes the Director of Income Tax (Centralized Processing Centre) for specified purposes – Notification No. 52/2022-Income-Tax, Dated: 09.05.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 9th May, 2022 Noti...

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CBDT amends Form No. 3CF, 10A, 10AB, 10BD & 10BE

Notification No. 51/2022-Income Tax [G.S.R. 343(E).] 09/05/2022

CBDT vide Notification No. 51/2022-Income Tax Dated 9th May, 2022 amended FORM No. 3CF, Form 10A, FORM No. 10AB, FORM No. 10BD, FORM No. 10BE. MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] Notification No. 51/2022-Income Tax New Delhi, the 9th May, 2022 G.S.R. 343(E).—In exercise of the powers conferred b...

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Guidelines under clause (23FE) of section 10 of Income-tax Act

Circular No. 9 of 2022-Income Tax 09/05/2022

Finance Act, 2020, inter-alia, inserted clause (23FE) in section 10 of the Income-tax Act, 1961 ") to provide for exemption to wholly owned subsidiaries of Abu Dhabi Investment Authority (ADIA), sovereign wealth funds (SWF) and pension funds (PF)...

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CBDT inserts new Rule 2DCA Computation of minimum investment & exempt income for Section 10(23FE)

Notification No. 50/2022-Income Tax, [G.S.R. 341(E).] 06/05/2022

CBDT inserts new Rule 2DCA Computation of minimum investment & exempt income for Section 10(23FE) vide Notification No. 50/2022-Income Tax Dated 6th May, 2022 and also – -Substituted Form No. 10BBB [See rule 2DB] – Intimation by Pension Fund of investment under clause (23FE) of section 10 of the Income-tax Act, 1961 -Subs...

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Application for advance ruling – CBDT amends Rule 44E & Forms

Notification No. 49/2022-Income Tax [G.S.R. 339(E).] 05/05/2022

CBDT amended rule  Rule 44E of the Income Tax Rules, 1962   related to Application for obtaining an advance ruling and introduces amended FORM No. 34C , 34D, 34DA, 34E and 34EA vide Notification No. 49/2022-Income Tax| Dated: 5th May, 2022. Details of Forms are as follows:- FORM No. 34C – Form of application by a […]...

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CBDT Notifies Form and Manner for filing Updated Return

Notification No. 48/2022-Income Tax [G.S.R. 325(E)] 29/04/2022

CBDT Notifies vide Notification No. 48/2022-Income Tax Dated- 29.04.2022 Form and Manner for filing updated Income Tax return. Updated return can be filed from the assessment year 2020-21 onwards. Return shall be filed in form no. ITR-U along with applicable ITR form from ITR-1 to ITR-7. MINISTRY OF FINANCE (Department of Revenue) (CENTRA...

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CBDT notifies Tamilnadu Construction Workers Welfare Board – Section 10(46)

Notification No. 47/2022-Income Tax, [S.O. 1977(E).] 28/04/2022

CBDT notifies Tamilnadu Construction Workers Welfare Board under Section 10(46) of Income Tax Act, 1961 vide Notification No. 47/2022-Income Tax, Dated: 20.04.2022. MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) New Delhi, the 28th April, 2022 Notification No. 47/2022-Income Tax S.O. 1977(E).—In exercise of ...

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Transactions not regarded as transfer – CBDT notifies List of 150 Countries

Notification No. 46/2022-Income Tax, [S.O. 1951(E).] 27/04/2022

Section 47 of Income Tax Act, 1961 deals with transfers which are not regarded as transfer under Income Tax and vide Notification No. 46/2022-Income Tax | Dated: 27th April, 2022 notified list of 150 Countries for clauses (viiac) and (viiad) of section 47 of the Income-tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL B...

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Notification No. 45/2022-Income Tax, Dated: 25.04.2022

Notification No. 45/2022-Income Tax, [G.S.R. 313(E).] 25/04/2022

CBDT issues CORRIGENDUM Notification No. 45/2022-Income Tax Dated 25th April, 2022 and rectified mistake in Notification related to Additional conditions for compulsory Income Tax return filing. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 25th April, 2022 Notification No. 45/202...

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