Explanatory Notes to the provisions of the Finance Act, 2022 – Income Tax Circular No. 23/2022 dated 03.11.2022 CIRCULAR NO. 23/2022 F. No. 370142/48/2022-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Dated the 3rd of November , 2022 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2022…
CBDT extends the due date of filing of Form 26Q for the second quarter of financial year 2022-23 from 31st of October, 2022 to 30th of November, 2022 Circular No. 21/2022 F.No.275/25/2022-IT(B) Government of India/ भारत सरकार Ministry of Finance/ वित्त मंत्रालय Department of Revenue/(राजस्व विभाग) Central Board of Direct Taxes/(केन्द्रीय प्रत्यक्ष कर बोर्ड) North…
Forms and Declaration for amount received from any person for Tax Relief in the repercussion of Covid-19 under Section 56 (2)(x): IT Notification No. 91/2022 dated 05.08.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th August, 2022 S.O. 3704(E).—In exercise of the powers conferred by clause (XII)…
Documents to be submitted by Employees for Tax Relief in the repercussion of Covid-19 under Section 56 (2)(x): IT Notification No. 90/2022 dated 05.08.2022 Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 5th August, 2022 S.O. 3703(E).—In exercise of the powers conferred by sub-clause (c) of clause (ii)…
Conditions for exemption of money received from employer or any person for Covid-19 Treatment under Section 56 (2)(x) – Income Tax Notification No. 92/2022 dated: 05.08.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th August, 2022 S.O. 3705(E).— In exercise of the powers conferred by clause (XIII)…
Tax on Accommodation provided by company – Lok Sabha QA GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE **** LOK SABHA UNSTARRED QUESTION NO. 3607 ANSWERED ON – 08/08/2022 “TAX ON ACCOMMODATION” 3607. SHRIMATI SANGEETA KUMARI SINGH DEO: “Will the Minister of FINANCE be pleased to state: (a) whether no perquisite on accommodation is…
Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronically: CBDT Notification No. 05 of 2022 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Directorate of Systems **** New Delhi, dated : 29.07.2022 Subject:…
ABC of Tax – Lets learn the basics : Everything about e-filing made easier Dear Individual Taxpayer, As we continue making e-Filing easier, faster and taxpayer friendly for you, here’s an e-Filing brochure that’ll help you understand the basics of ITR e-Filing and its importance. In the pages inside, we’ve broken down the processes involved…
Income Tax Demand Notice under section 143(1) due to mismatch of Tax credit for the Financial Year 2021-22 (AY 2022-23): PCDA Advisory No. 45 dated 14.07.2022 ADVISORY NO.: 45 Dated:- 14.07.2022 O/o PCDA(O) Pune, Public Relation office (PRO) Subject: Income Tax Demand Notice under section 143(1) due to mismatch of Tax credit for the Financial…
Treatment of Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax as amended by Finance Act, 2022 Treatment of Income from Different Sources I. Income under the head Salaries 1.1 Salary is defined to include: a) Wages b) Annuity c) Pension d) Gratuity e) Fees, Commission, Perquisites, Profits in lieu of or in…
List of benefits available to Salaried Persons for the AY 2023-24 (FY 2022-23) under Income Tax as amended by Finance Act, 2022 List of benefits available to Salaried Persons* [AY 2023-24] S.N. Section Particulars Benefits A. Allowances 1. 10(13A) House Rent Allowance (Sec. 10(13A) & Rule 2A) Least of the following is exempt: a) Actual HRA Received…
Compliance Check Functionality for Section 206AB & 206CCA of income-tax Act 1961: Income Tax Notification No. 01 of 2022 dated 09.06.2022 DGIT(S)/ADG(S)-2/Compliance Check/432/2021-22 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 01 of 2022 New Delhi, 09th June, 2022 Compliance Check Functionality for Section 206AB…