Category : Income Tax

Income Tax Latest

CBDT issues guidelines for selection of returns for complete scrutiny of returns for FY 2022-23

Taxcharcha
CBDT has issued the guidelines for compulsory selection of returns for complete scrutiny during the Financial Year 2022-23. In the guidelines, the following perimeters have...
Income Tax Latest

Instruction by CBDT regarding the implementation of judgement of Supreme Court of India

Taxcharcha
An instruction dated 11-05-2022 has been issued by the CBDT to implement the Supreme Court of India decision in the case of Union of India...
Income Tax Latest

Taxability of Virtual Digital Assets in Finance Bill 2022

Taxcharcha
In the Finance Bill 2022, the much-needed question has been answered regarding the Crypto currency and other virtual assets shall be allowed to be traded...
Income Tax Latest

CBDT extends due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961

Taxcharcha
On consideration of difficulties reported by the taxpayers and other stakeholders due to COVID and in electronic filing of various reports of audit under the...
Income Tax Latest

Income tax issues guidelines under sub section (4) of section 194O, sub section (3) of section 194Q and sub section (1-I) of section 206C of Income Tax Act

Taxcharcha
The Income Tax Department has issued the Guidelines under sub section (4) of section 194-O, sub section (3) of section 194-Q and sub section (1-I)...
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....
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