| List of CBDT Income Tax Notifications 2021 (No./ Date/ Description) |
CBDT Income Tax Notification 118/2021 dt. 01/10/2021: Final Income Tax Rules on ‘No Retrospective Taxation’ of ‘Indirect Transfer’ notified for implementing the amendments made by the Taxation Laws(Amendment) Act, 2021.
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CBDT Income Tax Notification 117/2021 dt. 24/09/2021: Income-tax (30th Amendment) Rules, 2021 notified to amend IT Rule 10D(3B) to extend applicability of Transfer Pricing Safe Harbour Rules, upto assessment year 2021-22.
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CBDT Income Tax Notification 116/2021 dt. 21/09/2021: Corrigendum to CBDT Income Tax Notification 112/2021 dt. 16/09/2021.
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CBDT Income Tax Notification 115/2021 dt. 20/09/2021: CBDT notifies exemption from specified incomes u/s 10(46) in the case of ‘Gujarat Electricity Regulatory Commission, Gandhinagar’ for FY 2021-22 to 2025-26, subject to certain conditions.
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CBDT Income Tax Notification 114/2021 dt. 20/09/2021: CBDT notifies tax exemption upto 31/03/2024, for ‘BCI IRR India Holdings Inc.’ (a pension fund), as eligible investment fund u/s 10(23FE), subject to certain terms & conditions.
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CBDT Income Tax Notification 113/2021 dt. 17/09/2021: CBDT further extends certain timelines to ease compliances.
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| CBDT Income Tax Notification 112/2021 dt. 16/09/2021: CBDT notifies tax exemption upto 31/03/2024, for ‘2726522 Ontario Limited’ (a pension fund), as eligible investment fund u/s 10(23FE), subject to certain terms & conditions. (Corrigendum) |
| CBDT Income Tax Notification 111/2021 dt. 16/09/2021: CBDT notifies tax exemption upto 31/03/2024, for ‘2452991 Ontario Limited’ (a pension fund), as eligible investment fund u/s 10(23FE), subject to certain terms & conditions. |
CBDT Income Tax Notification 110/2021 dt. 17/09/2021: No TDS u/s 194A on Interest Payment to a member of Scheduled Tribe of Specified Area u/s 10(26).
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| CBDT Income Tax Notification 109/2021 dt. 13/09/2021: CBDT notifies the prescribed Income-tax Authority empowered to issue notice u/s 142(1)(i) asking any person to furnish the Income Tax Return (ITR). |
CBDT Income Tax Notification 108/2021 dt. 10/09/2021: CBDT notifies that Air India Limited shall not be considered as ‘seller’ for the purpose of clause (b) of Explanation to section 206C(1H) of the Income-tax Act, 1961 in relation to transfer of goods to Air India Assets Holding Limited under a plan approved by the Central Government, applicable w.e.f. 01/04/2021.
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CBDT Income Tax Notification 107/2021 dt. 10/09/2021: CBDT notifies that Air India Assets Holding Limited shall not be considered as ‘buyer’ for the purpose of Explanation to Section 194Q(1) of the Income-tax Act, 1961 in case of transfer of goods from Air India Limited under a plan approved by the Central Government, applicable w.e.f. 01/07/2021.
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CBDT Income Tax Notification 106/2021 dt. 10/09/2021: CBDT notifies that no TDS to be deducted u/s 197A(1F) of the Income-tax Act, 1961 on any payments relating to transfer of immovable property by Air India Limited to Air India Assets Holding Limited under an approved plan, applicable w.e.f. 01/04/2021.
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CBDT Income Tax Notification 105/2021 dt. 10/09/2021: CBDT notifies the Income-tax (28th Amendment) Rules, 2021; new IT Rule 11UAC(4) inserted to provide that any movable property, being equity shares, of the public sector company, received by a person from the Central Government or any State Government under strategic disinvestment, shall be exempt from deeming provisions u/s 56(2)(x), applicable from 01/04/2022 (AY 2022-23 and onwards).
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CBDT Income Tax Notification 104/2021 dt. 10/09/2021: Govt. notifies transfer of capital asset by Air India Limited (transferor public sector company) to Air India Assets Holding Limited (transferee public sector company), as transfer under approved plan u/s 47(viiaf) of the Income-tax Act, 1961, applicable from 01/04/2022 (AY 2022-23 and onwards).
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CBDT Income Tax Notification 103/2021 dt. 10/09/2021: CBDT notifies exemption from specified incomes u/s 10(46) in the case of various ‘District Mineral Foundation Trusts’ located in 165 Districts for FY 2017-18 to 2021-22, subject to certain conditions.
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CBDT Income Tax Notification 102/2021 dt. 07/09/2021: Corrigendum to Notification 101/2021 dt. 06/09/2021.
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CBDT Income Tax Notification 101/2021 dt. 06/09/2021: Income-tax (27th Amendment) Rules, 2021 notified to insert new IT Rule 14C which provides that EVC not required for Faceless Assessment Scheme.
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CBDT Income Tax Notification 100/2021 dt. 02/09/2021: CBDT notifies exemption from specified incomes u/s 10(46) subject to certain conditions in the case of ‘Haryana Real Estate Regulatory Authority, Panchkula’ for FY 2018-19 to 2022-23.
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CBDT Income Tax Notification 99/2021 dt. 03/09/2021: Income-tax (26th Amendment) Rules, 2021 notified regarding furnishing of declaration and evidence of claims by specified senior citizens (TDS u/s 194P for ITR Filing Exemption).
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CBDT Income Tax Notification 98/2021 dt. 02/09/2021: CBDT clarifies ‘Specified Bank’ u/s 194P (Senior Citizens TDS: ITR Filing Exemption).
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CBDT Income Tax Notification 97/2021 dt. 01/09/2021: Commencement date of certain provisions relating to AAR.
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CBDT Income Tax Notification 96/2021 dt. 01/09/2021: Boards for Advance Rulings constituted by Govt. u/s 245-OB.
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| CBDT Income Tax Notification 95/2021 dt. 31/08/2021: Income-tax (25th Amendment) Rules, 2021 applicable w.e.f. 01/04/2022 notified to insert New IT Rule 9D on ‘taxability of interest on PF contributions above Rs. 2.5 lac’. |
| CBDT Income Tax Notification 94/2021 dt. 31/08/2021: Timeline for making payment without additional charge under Vivad se Vishwas Scheme extended from 31/08/2021 to 30/09/2021. |
CBDT Income Tax Notification 93/2021 dt. 18/08/2021: CBDT notifies the Income-tax (24th Amendment) Rules, 2021, to insert new IT Rules 12AA and 51B prescribing ‘any other person’ who can verify ITR u/s 140 & appear before authorities u/s 288 in the case of a company/LLP.
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| CBDT Income Tax Notification 92/2021 dt. 10/08/2021: CBDT notifies the Income tax (23rd Amendment), Rules, 2021, to insert new IT Rule 10RB for prescribing the procedure/ methodology for re-computation of book profit u/s 115JB of the Income tax Act, 1961, to provide relief in MAT payable in certain cases of increased book profits due to Advance Pricing Agreements (APA)/ Secondary Adjustments. |
| CBDT Income Tax Notification 91/2021 dt. 10/08/2021: CBDT constitutes Interim Boards for Settlements u/s 245AA(1) of the Income tax act, 1961. |
| CBDT Income Tax Notification 90/2021 dt. 09/08/2021: CBDT notifies the Income tax (22nd Amendment), Rules, 2021, to prescribe methodology for computing income of specified funds covered u/s 10(4D)/115AD of the Income tax Act, 1961, attributable to non residents. |
CBDT Income Tax Notification 89/2021 dt. 04/08/2021: Government designates Special Court for the State of Telangana, in consultation with the Hon’ble Chief Justice of the Telangana High Court, in terms of Section 280A(1) of the Income-tax Act, 1961 and Section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
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CBDT Income Tax Notification 88/2021 dt. 04/08/2021: Government designates Special Court for the State of Meghalaya, in consultation with the Hon’ble Chief Justice of the Meghalaya High Court, in terms of Section 280A(1) of the Income-tax Act, 1961 and Section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
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CBDT Income Tax Notification 87/2021 dt. 04/08/2021: Government designates Special Court(s) in various districts of the State of Gujarat in consultation with the Hon’ble Chief Justice of the Gujarat High Court, in terms of Section 280A(1) of the Income-tax Act, 1961 and Section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
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CBDT Income Tax Notification 86/2021 dt. 04/08/2021: CBDT notifies exemption from specified incomes u/s 10(46) subject to certain conditions in the case of ‘Real Estate Regulatory Authority, Himachal Pradesh’ for FY 2020-21 to 2024-25.
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CBDT Income Tax Notification 85/2021 dt. 04/08/2021: CBDT notifies exemption from specified incomes u/s 10(46) subject to certain conditions in the case of ‘National Council of Science Museums, Kolkata’ for FY 2021-22 to 2025-26.
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CBDT Income Tax Notification 84/2021 dt. 03/08/2021: CBDT notifies tax exemption upto 31/03/2024, for ‘2726247 Ontario Inc.’ (a pension fund), as eligible investment fund u/s 10(23FE), subject to certain terms & conditions.
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CBDT Income Tax Notification 83/2021 dt. 29/07/2021: CBDT notifies the Income-tax (21st Amendment) Rules, 2021, to insert new IT Rules 130 (Omission of certain rules and Forms and savings) and 131 (Electronic furnishing of Forms, Returns, Statements, Reports, orders etc.). New IT Rule 130 has omitted various IT Rules and IT Forms in Appendix II, i.e. IT Rules 5A, 5AB, 6ABB, 12B, 12BA, 16D, 16DD, 16E, 16F, 18B, 18BB, 18BBA, 18DD, 18DDA, 20AB, 29AA, 29D, 37, 37E, 37F, 44A, 48, 123, 124 and IT Forms ITR-8, 2B, 2C, 2E, 3AA, 3AAA, 3BA, 4, 5, 5A, 10AA, 10C, 10CC, 10CCA, 10CCAA, 10CCAB, 10CCABA, 10CCAC, 10CCAD, 10CCAE, 10CCAF, 10CCAG, 10CCAH, 10CCAI, 10CCBA, 10CCBB, 10CCBBA, 10CCBC, 10CCBD, 10DB, 10DC, 10G, 10HA, 11, 11A, 12, 12A, 15I, 15J, 16AA, 22, 24, 26, 27E, 30, 34A, 34B, 34BA, 37, 37EE, 37F, 37G, 37H, 37-I, 54, 55, 56A, 56AA, 56B, 56BA, 56C, 56CA, 56E, 56F, 56FF, 56G, 56H, 58A, 58B, 63, 63A and 63AA.
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CBDT Income Tax Notification 82/2021 dt. 27/07/2021: CBDT notifies the Income-tax (20th Amendment) Rules, 2021, to amend IT Rule 12.
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CBDT Income Tax Notification 81/2021 dt. 14/07/2021: CBDT notifies exemption from specified incomes u/s 10(46) subject to certain conditions in the case of ‘Himachal Pradesh Computerization of Police Society’ for FY 2018-19 to 2022-23.
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CBDT Income Tax Notification 80/2021 dt. 14/07/2021: CBDT notifies exemption from specified incomes u/s 10(46) subject to certain conditions in the case of ‘Haryana Labour Welfare Board’ for FY 2020-21 (01/06/2020 ~ 31/03/2021) to 2024-25.
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CBDT Income Tax Notification 79/2021 dt. 12/07/2021: CBDT notifies ‘M/s Patanjali Research Foundation Trust, Haridwar’ under the category ‘Research Association’ for Scientific Research u/s 35(1)(ii) read with rules 5C and 5D, in respect of AY 2022-23 to 2027-28.
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| CBDT Income Tax Notification 78/2021 dt. 09/07/2021: CBDT notifies exemption from specified incomes u/s 10(46) subject to certain conditions in the case of ‘Haryana Building and Other Construction Workers Welfare Board’ for FY 2020-21 (01/06/2020 ~ 31/03/2021) to 2024-25. |
CBDT Income Tax Notification 77/2021 dt. 07/07/2021: CBDT notifies the Income tax Amendment (19th Amendment), Rules, 2021, to insert new IT Rule 8AC which prescribes the method for ‘Computation of short term capital gains and written down value u/s 50 where depreciation on goodwill has been obtained’, in line with the new Proviso to Section 50 of the Income Tax Act, 1961 inserted vide Finance Act 2021.
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CBDT Income Tax Notification 76/2021 dt. 02/07/2021: CBDT notifies the Income tax (18th Amendment), Rules, 2021, to insert Sub-rule (5) in Rules 8AA (method of determination of period of holding of capital asset held by the specified entity in certain cases, i.e. long term or short term capital asset), Rule 8AB (Attribution of income taxable u/s 45(4) to the capital assets remaining with the specified entity, u/s 48) and Form 5C (Details of amount attributed to capital asset remaining with the specified entity, under Rule 8AB).
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| CBDT Income Tax Notification 75/2021 dt. 25/06/2021: CBDT amends Notification 85/2020 dt. 27/10/2020 under the Direct Tax Vivad se Vishwas Act, 2020. Due date for payment of amount under the Direct Tax Vivad se Vishwas Act extended from 30/06/2021 to 31/08/2021. Also the Vivad se Vishwas scheme has been extended upto 31/10/2021. |
CBDT Income Tax Notification 74/2021 dt. 25/06/2021: CBDT amends Notifications 93/2020 dt. 31/12/2020, 10/2021 dt. 27/02/2021, 20/2021 dt. 31/03/2021 and 38/2021 dt. 27/04/2021 under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020.
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CBDT Income Tax Notification 1/2021 DIT Systems dt. 22/06/2021: CBDT prescribes the procedure to be followed for using the Compliance Check Functionality for tax deductors/ collectors, to verify if a person is a ‘Specified Person’ for the purpose of Section 206AB & 206CCA of the Income-tax Act 1961, in view of higher rates of TDS/ TCS applicable in such cases w.e.f. 01/07/2021. Also, please refer CBDT Income Tax Circular 11/2021 dt. 21/06/2021 and CBDT Income Tax Order dt. 21/06/2021 dt. 21/06/2021 in this regard.
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| CBDT Income Tax Notification 73/2021 dt. 15/06/2021: CBDT notifies ‘Cost Inflation Index (CII)’ for FY 2021-22/ AY 2022-23 at 317. Read More… |
CBDT Income Tax Notification 72/2021 dt. 09/06/2021: CBDT notifies exemption from certain incomes u/s 10(46) subject to specified conditions in the case of ‘Competition Commission of India (CCI)’ in respect of financial years 2021-22 to 2025-26.
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| CBDT Income Tax Notification 71/2021 dt. 08/06/2021: CBDT notifies the ‘Income-tax (17th Amendment) Rules, 2021’, to amend IT Rule 31A, Annexure to Forms 26Q/ 27EQ/ 27Q in line with amended Sections 194A, 194, 196D and 194Q regarding non/ lower rate TDS. |
CBDT Income Tax Notification 70/2021 dt. 08/06/2021: CBDT notifies tax exemption u/s 35(1) for ‘Indian Institute of Technology (IIT)’ Bhilai, under the category of ‘University, College or other institution’, in respect of AY 2021-22 to 2025-26.
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CBDT Income Tax Notification 69/2021 dt. 31/05/2021: Govt. notifies the Nodal officers of certain State Police Agencies (Assam, Chhattisgarh, Punjab, Uttar Pradesh, West Bengal, Delhi) in connection with sharing of information through National Intelligence Grid (NATGRID) platform u/s 138(1)(a)(ii).
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CBDT Income Tax Notification 5/2021 DIT Systems dt. 24/05/2021: CBDT Procedure for exercise of option u/s 245M(1) and intimation thereof by furnishing and upload of Form 34BB u/r 44DA(1).
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CBDT Income Tax Notification 68/2021 dt. 24/05/2021: CBDT notifies the Income-tax (16th Amendment) Rules, 2021. New IT Rule 111UAE has been inserted, which relates to Computation of Fair Market Value of Capital Assets for the purposes of section 50B of the Income-tax Act, 1961.
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CBDT Income Tax Notification 67/2021 dt. 17/05/2021: CBDT notifies tax exemption upto 31/03/2024, for Indo-Infra Inc, (a pension fund), as eligible investment fund u/s 10(23FE), subject to certain terms & conditions.
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| CBDT Income Tax Notification 66/2021 dt. 13/05/2021: CBDT notifies tax exemption upto 31/03/2024, for OMERS Administration Corporation, (a pension fund), as eligible investment fund u/s 10(23FE), subject to certain terms & conditions. |
| CBDT Income Tax Notification 65/2021 dt. 13/05/2021: CBDT notifies tax exemption upto 31/03/2024, for Government Employees Superannuation Board, (a pension fund), as eligible investment fund u/s 10(23FE), subject to certain terms & conditions. |
| CBDT Income Tax Notification 64/2021 dt. 13/05/2021: CBDT notifies tax exemption upto 31/03/2024, for Public Sector Pension Investment Board, (a pension fund), as eligible investment fund u/s 10(23FE), subject to certain terms & conditions. |
| CBDT Income Tax Notification 63/2021 dt. 13/05/2021: CBDT notifies tax exemption upto 31/03/2024, for Ministry of Economy and Finance (of the Republic of Korea), (a sovereign wealth fund), as eligible investment fund u/s 10(23FE), subject to certain terms & conditions. |
| CBDT Income Tax Notification 62/2021 dt. 13/05/2021: CBDT notifies tax exemption upto 31/03/2024, for CDC Group Plc., (a sovereign wealth fund), as eligible investment fund u/s 10(23FE), subject to certain terms & conditions. |
| CBDT Income Tax Notification 61/2021 dt. 11/05/2021: CBDT designates the Court of the Additional Chief Judicial Magistrate, West Tripura as the Special Court in the case of Tripura State for the purposes of section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. |
| CBDT Income Tax Notification 60/2021 dt. 11/05/2021: CBDT designates the Court of Munsiff No. 3-cum-Judicial Magistrate, First Class, Kamrup (M), Guwahati as the Special Court for the purposes of section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, in the case of Assam, Nagaland, Mizoram and Arunachal Pradesh States. |
| CBDT Income Tax Notification 21/2021 dt. 31/03/2021: CBDT notifies the Income-tax (7th Amendment) Rules, 2021, applicable w.e.f. 01/04/2021. These amendment Rules mainly include the new Income Tax Return (ITR) forms applicable for FY 2020-21/ AY 2021-22 (i.e. Forms ITR-1 Sahaj, ITR-2, ITR-3, ITR-4 Sugam, ITR-5, ITR-6, ITR-7 and ITR-V), in line with the amendments made in the Finance Act, 2020. |
| CBDT Income Tax Notification 4/2021 dt. 31/01/2021: CBDT further extends Vivad se Vishwas Scheme from 31/01/2021 to 28/02/2021. However, the due date for payment of tax without additional interest under the Scheme remains unchanged at 31/03/ 2021. |
| CBDT Income Tax Notification 3/2021 dt. 12/11/2021: CBDT directions for implementation of Faceless Penalty Scheme, 2021. Read More… |
| CBDT Income Tax Notification 2/2021 dt. 12/01/2021: CBDT notifies the Faceless Penalty Scheme, 2021. Read More… |
| CBDT Income Tax Notification 1/2021 dt. 06/01/2021: Govt. designates the CJM Court, West Tripura Judicial District, Agartala as the Special Court u/s 280A(1) of IT Act 1961 for the state of Tripura, in consultation with the Chief Justice of the High Court of Tripura. |