October 5, 2022

Category : Income Tax

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....
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...
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