Category: Income Tax
CBDT has issued Order dated 13/02/2024 regarding remission of tax demands of Rs 25,000 up to Ay 2010-11 and Rs 10,000 for AY 2011-12 to 2015-16.
CBDT has notified the revised Income-tax Return Forms ITR-2, 3 and 5 for the AY 2024-25 and has amended Rule 12 from 01/04/2024, vide Notification 19/2024.
CBDT has notified revised Income-tax Return Form ITR-6, under Section 139 of the Income Tax Act, 1961, applicable for the AY 2024-25, vide Notification 16/2024 effective from 01/04/2024.
ICAI has released second edition (January 2024) of the "Technical Guide on BEPS Action Plans and MLI (Multilateral Instrument)" to provide guidance for transparent international tax practices.
CBDT has issued detailed guidelines regarding Tax Deduction at Source (TDS) u/s 194-O in the case of e-commerce operators (ECOs), vide Circular 20/2023.
CBDT has notified revised/new income tax return forms, ITR-1 Sahaj and ITR-4 Sugam, applicable for AY 2024-25, vide Notification 105/2024.
CBDT notifies revised definition of the terms 'intra group loan' & 'operating expenses/income' and amends ALP determination rule 10TD to streamline certain transfer pricing issues.
The Income Tax Department enabled a Compliance Check functionality to help tax deductors and collectors verify Specified Person status under 206AB & 206CCA. Learn how deductors can use PAN …
Learn how to link your PAN with Aadhaar through the Income Tax e-filing portal in simple pre-login and post-login processes. Understand linking fee, documents required, and check real-time status.
The income tax department now allows taxpayers to discard original unverified returns under Section 139. Understand eligibility, process, implications and key aspects about using the new discard return facility.