Category : Income Tax

Income Tax Latest

CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment

Taxcharcha
Central Board of Direct Taxes (CBDT) has issued the clarification regarding carry forward of losses in case of changes in shareholding due to strategic disinvestment....
Income Tax Latest

CBDT extends various due dates under the Income Tax Act

Taxcharcha
The Central Board of Direct Taxes (CBDT) has extended the various due dates under the Income tax vide Circular No. 16 of 2021. The various...
Income Tax Latest Uncategorized

Methodology for recomputation of book profit under section 115JB of the Income tax Act, 1961 in certain cases

Taxcharcha
The Central Board of Direct Taxes (CBDT) has released the Notification No. 92/2021 in which the method of re-computation of Book profit under section 115JB...
Income Tax Latest

Rule 8AC – Computation of short term capital gains and written down value under section 50 where depreciation on goodwill has been obtained

Taxcharcha
The CBDT has published the Rule 8AC in which Computation of short term capital gains and written down value under section 50 where depreciation on...
Income Tax Latest

Extended Income Tax due dates

Taxcharcha
The Ministry of Finance has released a Press release on 25-06-2021 in which certain Income tax deadlines has been extended to provide the relief to...
Income Tax Latest

Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961

Taxcharcha
Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income-tax Act 1961 which takes effect from 1st day of July, 2021. These sections...
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