Income Tax notification

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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Finance Act, 2022 – Assented by President

No. 6 of 2022 30/03/2022

Finance Act, 2022 received the assent of the President on the 30th March, 2022.  Full text of the same is as follows:- MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 30th March, 2022  The following Act of Parliament received the assent of the President on the 30th March, 2022 and is hereby published […]...

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Finance Bill 2022 or Union Budget 2022-23

BILL No. 18 OF 2022 01/02/2022

FM Nirmala Sitharaman’s presented her fourth budget today i.e. on 1st February 2022.  In budget FM has introduced Tax on Virtual Currencies, Introduces no change in Tax Rate for Individuals, Provided relief on Surcharge on LTCG etc. AS INTRODUCED IN LOK SABHA ON 1st FEBRUARY, 2022 Bill No. 18 of 2022 THE FINANCE BILL, 2022 […]...

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June 2022