CBDT enable filing of Form 10-EE (‘Taxation of income from retirement benefit account maintained in a notified country’) for FY 2021-22 July 12th, 2022 Posted By: Team-MMTaxClub Income Tax
CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024 CBDT notified Kerala Autorickshaw Workers Welfare Fund Scheme, Kollam CBDT Notified under section 80G(2)(b) of the Income Tax Act 1961 in the case of Shree Ramanuj Kot Trust Indore Which Income Tax Return Form (ITR) applicable to you? Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40% CBDT signs record number of 125 Advance Pricing Agreements (APAs) in FY 2023-24 Income Tax Department enabled ITR-1, ITR-2, ITR-4 & ITR-6 for AY 2024-25 Extension of Due date of GSTR-1 for the period March 24 CBIC extends the timeline for implementation of new special procedure to be followed by a registered person engaged in manufacturing of certain goods from April 01, 2024 to May 15, 2024 CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims Finances of Non-Government Non-Financial Private Limited Companies, 2022-23 Finances of Non-Government Non-Financial Public Limited Companies, 2022-2023 CBDT notifies ‘DGIT (Systems), Delhi’ as specified authority u/s 138 of the IT Act for furnishing information to ‘UP Planning Department’ CBDT notifies changes in ITR Form V and Acknowledgement for AY 2024 25 Monthly Review of Accounts of Government of India upto February, 2024 for Financial Year 2023-24 DGFT Amendments under Interest Equalization Scheme RBI imposes monetary penalty on The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad RBI imposes monetary penalty on Janata Co-operative Bank Limited, Malegaon, Nashik, Maharashtra RBI imposes monetary penalty on Pragati Mahila Nagrik Sahakari Bank Maryadit, Bhilai, Chhattisgarh 4th Shanghai Cooperation Organisation Startup Forum organized in New Delhi General Elections to Lok Sabha, 2024- Deployment of Expenditure Observers- regarding Directorate of Income Tax (Investigation), Delhi, sets up 24X7 Control Room and toll-free Mobile Number 9868168682 in connection with the General Elections to Lok Sabha, 2024 RBI imposes monetary penalty on DCB Bank Ltd Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Colour Merchants Co-operative Bank Ltd., Ahmedabad - Extension of period CBIC notifies Agreement or Arrangement on Cooperation and Mutual Administrative Assistance (CMAA) in Customs Matter of India and with other Countries CBDT Notified in exercise of the powers conferred by section 90 of the Income tax Act 1961 Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 18.74% CBIC Issues Instructions on the Prohibition of Importing Ferocious Dog Breeds Govt notifies the Press Trust of India Limited as Special News Agency for Tax Exemption Delhi court sentences woman to 6 months jail for not filing Income tax return (ITR) on income of Rs 2 Crores After Identifying Data Inconsistencies in Market Securities Report, Income Tax Department to Update AIS Income Tax Department issued update on Option to File ITR-U Under Section 139(8A) of IT Act Extension of due date for filing Form No.26QE pertaining to F.Y. 2022-23 Cabinet approves additional instalment of Dearness Allowance and Dearness Relief to Central Government employees and pensioners CBIC reduces BCD on Frozen Duck Meat Imports, Sets Conditions for Reduced Duty CBDT clarifies provisions under Finance Act 2023 relating to donations made by a trust / institution to another trust / institution for purposes of application of income CBDT notified amendment of Form Nos 3CD, 3CEB and 65 Deadline Extension for Trusts/Institutions to Correct Audit Report Submissions for Tax Exemption Registrations of Informal Micro Enterprises on Udyam Assist Platform cross 1.50 crore Promoting Voluntary Compliance through e-Verification Scheme-2021 CBDT allows certain trusts / institutions to furnish the audit report in the applicable Form No. 10B / 10BB on or before 31st March, 2024 CBDT notified Income Tax Return (ITR) Form ITR-7 for AY 2024-25 DGFT permits Export of food commodities through National Cooperative Exports Limited (NCEL). CBDT notified the income tax exemption to “Karnataka Urban Water Supply and Drainage Board” u/s 10(46) of the IT Act CBDT notified the income tax exemption to “Uttar Pradesh Real Estate Regulatory Authority” u/s 10(46) of the IT Act CBDT Allows Processing of Electronically Filed ITRs with Refund Claims Beyond Prescribed Time in Non-Scrutiny Cases ED has filed a prosecution complaint before Special Court (PMLA) against KC group of Institutions at Nawanshahr Implementation of e-Verification Scheme-2021 Designated courts at Ahmedabad and Madurai sentence five accused including then income tax officer to three years rigorous imprisonment with fine 45-day payment rule to MSMEs may defer for one year Fin Min looking at a possible tweak User Guide for Submitting Response to Mismatch under the income tax e-Verification Scheme, 2021 Union Finance Minister Smt. Nirmala Sitharaman interacts with start-up and fintech ecosystem stakeholders CBDT Issues Corrigendum to Clarify Aspects of ITR Forms ITR-2, ITR-3, and ITR-5 for AY 2024-25 CBIC issues Instructions on Compliance of imported consignments of Boric Acid (Technical Grade) with notified Bureau of India Standards (Standards for Boric Acid) Order, 2019 CBIC revises rates of customs duty for certain goods and inserts some new entries CBDT Orders Remission of Certain Outstanding Direct Tax Demands Following 2024 Budget Proposals Key Highlights of the Tamil Nadu Budget 2024-25 Ministry of Law and Justice notified Finance Act 2024 “THE FINANCE ACT, 2024” Time Limit to avail GST Credit u/s 16(4) of the CGST Act Challenged in SC; Notice Issued to the Revenue Department India and Peru Trade Agreement negotiations gains momentum – 6th Round takes place in Lima DGFT Implementation of Notification No.51/2015-2020 dated 25 January, 2022 during FY 2024-25. Gross Direct Tax collections at Rs. 18.38 lakh crore with Y-o-Y growth of 17.30%, as on 10th February, 2024 Rajasthan GST Department notified the ‘Amnesty Scheme 2024 Income Tax Department conducts search operations in Chhattisgarh Exemption of Income Tax for Dairy Cooperative Society MCA relaxes additional fees and extended last date of filing Form No. LLP BEN-2 and 4D RBI issued Statement on Developmental and Regulatory Policies CBDT amends the Income Tax Authority Hierarchy and Schedules DFS Secretary Dr. Vivek Joshi chairs meeting to review banking and insurance related international trade matters Credit Guarantee Fund Trust for Micro & Small Enterprises has achieved a significant milestone of surpassing Rs. 1.50 lakh crore worth of guaranteed amount RBI imposes monetary penalty on Bajaj Housing Finance Limited, Pune Shri Piyush Goyal holds interaction with PLI beneficiaries at Bharat Mandapam DGGI detects 1,700 fraudulent ITC cases involving Rs. 18,000 crore with 98 arrests in Financial Year 2023-24 (up to December 2023) CBDT notifies Income Tax Return Forms for the Assessment Year 2024-25 well in advance for the Assessment Year (A.Y.) 2024-25 Download PDF copy of Finance Bill 2024 Union Finance Minister Says Government Empowering Poor Through Sabka Saath to Beat Poverty Interim Budget 2024: NO Changes proposed Income, GST and Custom Rate Interim Budget 2024: Three railway corridors will be created under PM Gatishakti Interim Budget 2024: Finance Minister Nirmala Sitaraman gives thrust to green energy Interim Budget 2024: Govt has extended 43 crore loans, amounting to ₹22.5 lakh crore under PM Mudra Yojana Interim Budget 2024: Govt is focused on more comprehensive GDP Bills of Entry Filing will not be available due to Interim Budget 2024-25 Updation of Express Cargo Clearance System (ECCS) in view of Budget 2024-25 Income Tax E-filing portal will not work on these days, due to schedule maintenance CBDT Notification under section 35 of the Income tax Act 1961 in case of Prayoga, Bengaluru RBI imposes monetary penalty on Krushiseva Urban Co-operative Bank Limited, Kole, Solapur, Maharashtra RBI imposes monetary penalty on Mula Sahakari Bank Limited, Sonai, Dist. Ahmednagar, Maharashtra MOF Notified Auction for Sale (re-issue) of Government Security (GS) DRI seizes alloy containing 16.67 kg gold and 39.73 kg silver worth over Rs. 10 crore, at FPO Delhi in Operation Black Gold CBDT Notified Income Tax Return Form ITR-6 for A.Y.2024-25 Higher Rate of TDS/TCS for Inoperative PAN holder | Income Tax Update CBDT notified the income tax exemption to “State Legal Service Authority Union Territory Chandigarh” u/s 10(46) of the IT Act CBDT amended its previous notifications under section 10(46) of the IT Act Income Tax Department Shifted functionality to check “Income Tax Refund Status” from Pre-Login to Post Login Production Linked Incentive Schemes witness over Rs. 1.03 lakh crore of investment till Nov 2023 Government Extends Lower Import Duty on Edible Oil Until March 2025; Omits Words, Figures, and Letters in Notification Govt Promotes IRS Officers to JCIT Grade, Assigns Additional Powers Govt Promotes IRS Officers to JCIT Grade, Assigns Additional Powers Central Bureau of Narcotics (CBN) officials seize over 6,000 kg in two operations in Rajasthan and Madhya Pradesh in two days Income Tax Department conducts search operations in Mumbai Income Tax Due Date Calendar for the month of January 2024 CBIC Invites feedback/ suggestions from stakeholders on Harmonization of GST Rate Schedule CBDT Notified ‘Chennai Metropolitan Water Supply and Sewerage Board’ CBDT notified ‘Punjab State Faculty of Ayurvedic and Unani Systems of Medicine’ CBDT notified activity of investment in a financial product by the non-resident CBDT Notified ‘Haryana State Board of Technical Education, Panchkula’ CBDT Notified ‘Polavaram Project Authority, Hyderabad under clause (46) of section 10 of the Income-tax Act CBDT notified ‘Karmayogi Bharat’ under clause (46) of section 10 of the Income tax Act 1961 CBDT Notified ‘District Legal Service Authority Union Territory Chandigarh’ A record of over 8.18 crore Income Tax Returns (ITRs) filed for A.Y. 2023-2024 upto 31.12.2023; Y-o-Y increase of 9% CBDT issues guidelines under section 194-O of the Income-tax Act, 1961 A New Record for CBDT! Over 8.18 crore ITRs filed for A.Y. 2023-2024 Important clarification issued Income Tax Department on Sending Notices to Taxpayers who already filed Income Tax Returns Important clarification issued Income Tax Department on Sending Notices to Taxpayers who already filed Income Tax Returns CBDT’s Citizen-Centric Initiatives Drive Record Direct Tax Collections and Transform Taxpayer Experience in 2023 (CBDT), Department of Revenue, Ministry of Finance Year Ender 2023: Department of Revenue Income Tax Department Utilizes AI Technology to Recover Rs 36,000 Crores, Aiming for Rs 50,000 Crores by March 2024 CBDT issued Guidelines on Section 194-O for E-commerce Operators, Addressing Clarity and FAQs in Multiple Operator Models like ONDC ICICI Bank and Kotak Mahindra Bank hit with hefty GST demand notices CBDT issues guidelines under section 194-O of the Income-tax Act, 1961 CBIC enabled the Gold Imports under India UAE CEPA for valid TRQ Holders Centre releases ₹72,961.21 crore as additional installment of Tax Devolution to States Income Tax department searches in Surat find unaccounted business transactions worth Rs 700 cr by 2 real estate companies CBDT extends time limit for processing Non-scrutiny Income tax Returns for AYs 2018-19 to 2020-21 Important Update: Income Tax Department enables “Discard ITR” Option for Unverified Original/Belated/Revised ITRs Starting from AY 2023-24 Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 Gross Direct Tax Collections for FY 2023-24 up to 09.11.2023 CBDT exempted ‘Press Council of India’ from income tax with retrospective effect Govt notified Special Economic Zones (Fourth Amendment) Rules, 2023 Record 7.85 crore ITRs filed for all assessment years up to 31st October, 2023 CBDT extended due date for filing Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24 Extension on Refund of Deemed Exports for the supply of fuel in support of Petroleum Exploration/Operation Endorsement of Invoices on SEZ Online Module | SEZ Zone Public Notice CBDT allowed tax exemption on investment made Netherlands Regulated pension fund Stichting Pensioenfonds ABP Income Tax Department Conducts Search and Seizure Operation In Jammu and Kashmir Income Tax Department Releases offline Utility for Form 10BB (AY 2023-24 Onwards) More than 30 lakh Audit Reports filed on Income Tax Department’s e-filing portal till 30th September, 2023 CBDT notified the income tax exemption to ‘Uttar Pradesh Expressways Industrial Development Authority’ u/s 10(46) of the IT Act CBIC disposes off 11,284 public grievances and more than 2,082 public grievance appeals between Nov. 2022 and August, 2023 CBDT resolves more than 46,000 public grievances and 7,000 grievance appeals between December, 2022 till July, 2023 Technical Guide on Audit of Non-Banking Financial Companies Income Tax Department Releases Updated Offline Utility for Forms 3CA-3CD and 3CB-3CD Income Tax Department Releases Tax Rates for AY 2023-24 and AY 2024-25 ICAI released updated FAQs on Unique Document Identification Number (UDIN) CBDT launches revamped National Website of the Income Tax Department A database of orders, judgments and case details created as an online platform under the eCourts Project CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer IFSC unit Included within the scope of TT buying rate for calculating TDS on foreign currency income Procedure to file manual appeal against the order passed by the proper officer in respect of TRAN-1/TRAN-2 5.83 Crore ITRs have been filed till 1 pm on 30th July 2023 | ITR filing Statistics Standardized Documentary & Information Requirements for AD Code Registration/Modification in Relation to Exports CBDT issued SOP for Making Application for Recomputation of Total Income of a Co-operative Society Engaged in the Business of Sugar Manufacturing Parliamentary panel asks finance ministry for a common income tax return I-T dept sends 100,000 notices over under-reported income Revenue Secy Sanjay Malhotra reveals Income Tax Departments BOLD DECISION for easing married couples tax liability Over 4 crore ITRs for AY 2023-24 have already been filed till 24th of July 2023 CBDT exempts Aircraft Leasing IFSC units from TDS on dividends paid among themselves Procedure to active non operative PAN due to non linking with aadhar and consequences of Inoperative PAN Direct Tax Collections for F.Y. 2023-24 up to 09.07.2023 CBDT expands non-applicability of Sec. 56(2)(x) to include fund relocation to IFSC CBIC extend due date of amnesty scheme for GSTR-10 non-filers CBDT notified amended definition of “Investment Fund” under the Income Tax Act Offline utility of ITR-5 for AY 2023-24 enabled on income tax efiling portal CBDT clarifies the taxability of income earned by a non-resident investor CBDT issued Common offline utility for Form 3CA-3CD and 3CB-3CD Income Tax Dept enabled the Filing/Re-Filing of Form 10AB for AY 2021-22, 2022-23 & 2023-24 on the e-filing portal New way to check Income Tax Refund without login at e-filing portal Process to Re-issue Income Tax Pending Refund IT Department now displaying PAN status on updated 26AS Form GSTR-3B tab will not open before the filing of GSTR-1 I-T Department Conducts Verification of Reporting Entities CBDT issued Important Circular to remove difficulty in implementation of changes relating to Tax Collection at Source (TCS) on Liberalised Remittance Scheme (LRS) and on purchase of overseas tour program package Income Tax Department releases excel utility of ITR 7 Amendment in Form no. 10A & Form no. 10AB of Income Tax |11th amendment Rules 2023 CBDT mandates Digitally Signed Advance Ruling Applications under Income Tax CBDT issued list of Banks available on e-filing portal for Income Tax Payment Amendment in Foreign Trade Policy 2023 CBIC new guidelines for processing of applications for registration CBDT notified Cost Index Inflation (CII) for F.Y 2023-24 CBDT released the Draft Rules on Angel Tax for public comments till June 5, 2023 Banks to flag big ₹2,000 deposits to I-T department Income Tax Releases Form ITR-3 for F.Y 2022-23 CBDT clarification w.r.t provisions relating to charitable and religious trusts PAN is mandatory to deposit Rs 2000 notes above this amount in bank account Income Tax Dept. issued validation rules w.r.t. e-filing of ITR-1, ITR-2 and ITR-4 for A.Y. 2023-24 CBDT releases Income Tax Calculator for F.Y 2023-24, A.Y 2024-25 CBDT Guidelines on online gaming, clarified how net winning amount compute and tax thereon Is there a limit on deposit of ₹2000 banknotes into a bank account? Can ₹2000 banknotes be used for normal transactions? Amnesty Scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders Income Tax Department conducts searches in West Bengal and Assam India’s overall exports in April 2023 estimated at USD 65.02 billion GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore List of banks for tax payments available at e-Pay Tax service at e-Filing Portal ICAI releases GST Acts and Rules updated upto 31st March 2023 Income Tax launches “Medical Reimbursement Claims Processing System” Income Tax launches “Medical Reimbursement Claims Processing System” Income Tax Department released ITR utility for F.Y 2022-23, ITR-1 and ITR-4 Form 10 is live on Income Tax Portal for filing CBDT releases Direct Tax Statistics for FY 2021-22 and FY 2022-23 CA arrested for taking Rs 26 lakh bribe in name of Income Tax officials Issuance of EODC for AA and EPCG process from DGFT portal I-T dept has internal target to issue refunds in seven days: CBDT chief Income Tax Exemption to Bhadohi Industrial Development Authority Clarification regarding deduction of TDS under section 192 read with sub-section (IA) of section 115BAC of the Income-tax Act, 1961 CBDT clarified that the term “Sikkimese” defined only for the purposes of the Income-tax Act, 1961 Direct Tax collections (provisional) for the Financial Year (FY) 2022-23 exceed the Union Budget Estimates by ₹2.41 lakh crore List of banks for tax payments available at e-Pay Tax service at e-Filing Portal and OLTAS ePayment of Taxes at Protean (previously NSDL) Amnesty Scheme 2023 for Non filer of GST Return GST Amnesty scheme 2023 for Revocation of cancelled GST Registration CBIC notified late fees waiver for composition dealer for filing GSTR-4 Electronic submission of Form 10F by Non-resident further extended till 30th September 2023 Phased Implementation of Electronic Cash Ledger (ECL) in Customs w.e.f 01.04.2023 Centre exempts EVs from permits, orders states to waive road tax Extension of Date for mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform to 31st December 2023 Direct tax deducted at source from transfer of Virtual digital Assets aggregates to Rs. 157.9 crore upto 20th March 2023 for FY 2022-23 CBDT extended Last date for linking of PAN-Aadhaar Delhi GST officers detect Rs 17 crore tax evasion by issue of fake invoice, arrests 2 ITAT rules in favour of Flipkart on alleged ₹1,700 crore marketing intangibles Direct tax collection hits 95.2% of Revised Estimates for FY23 Track Your Taxes And TDS Just On A Click: Income Tax Department Launches AIS Application e-Verification scheme of CBDT is another initiative facilitating voluntary compliance Gross Direct Tax Collections for F.Y. 2022-23 up to 10.03.2023 is 22.58% higher than last year Income Tax Department issued FAQs on Linking Aadhaar-PAN valid till 31-03-2023 Income Tax Dept. enabled new feature ‘Comply to Notice’ that allows taxpayers to View and Submit Responses to Notices u/s 133(6) of the IT Act Income Tax Dept. issued important update on Form 26AS and AIS Who is not require to link their PAN with Aadhar How to Pay Rs.1000/- late fees for linking AADHAR and PAN Antecedent verification must be completed within 45 days of receipt of the application Vivad Se Vishwas Scheme 2: Centre likely to initiate penalty settlement for pharma firms CBDT Notified Audit Report form to be furnish by charitable or religious institutions applicable w.e.f 1st April 2023 | Form 10B and 10BB Income Tax released Tax Calculator for Old Regime and New Regime as proposed by Finance Bill, 2023 No recommendation for fitment committee for SUVs and MUVs: 49th GST Council Meeting Outcome GST Council is expected to impose GST on "Pan Masala" manufacture |lower GST on pencil sharpener : GST Council Meeting Live Updates Income Tax Department press release on carries out survey operations at BCC office in Delhi & Mumbai 49th GST Council Meeting Live | Here is the agenda for today CBDT notified Form ITR-7 for Assessment Year 2023-24 I-T department surveys BBC premises in Delhi, Mumbai for alleged tax evasion CBDT notify Income Tax Return Forms for A.Y 2023-24 Extension of Time for filing of 45 company e-Forms and PAS-03 in MCA 21 Version 3.0 without additional fee -reg. 2,09,06,829 number of Income tax Returns (ITRs) filed by individuals during FY 2022-23 till 31st January 2023 49th GST Council Meeting will be held at New Delhi on February 18, 2023 CBDT issued updated FAQs on e-Verification Scheme 2021
