Frequently Asked Questions (FAQs) on e-Verification Scheme 2021 Annexure – A Frequently Asked Questions (FAQs) on e-Verification Scheme 2021 Note: The FAQs on the e-Verification Scheme, 2021 (hereafter ‘FAQs’) aim to provide general guidance in understanding the procedures and processes of the e-Verification Scheme, 2021 issued vide Notification no. 137/2021 dated 13.12.2021. These are presented…
Union Budget 2023-24: Finance Bill, 2023 – Rates of Income Tax, Rates of TDS on Salaries and Rebate under Section 87A FINANCE BILL, 2023 PROVISIONS RELATING TO DIRECT TAXES Introduction The provisions of Finance Bill, 2023 (hereafter referred to as “the Bill”), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to…
Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act, 1961 (‘Act’) in view of the then-Covid-19 pandemic: CBDT Circular No 1 of 2023 F. No. 225/ 49/2021-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *****…
Income Tax Demand Notice under section 143(1) due to mismatch of Tax credit for the Financial Year 2020-21 (AY 2021-22): PCDA(O) Pune O/o PCDA(O), Golibar Maidan, Pune Subject: Income Tax Demand Notice under section 143(1) due to mismatch of Tax credit for the Financial Year 2020-21 (AY 2021-22). ********* Your kind attention is drawn where…
Income-Tax Deduction from Salaries during the Financial year 2022-23 under Section 192 of the Income-Tax Act, 1961: CBDT Circular No. 24/2022 dated 07.12.2022 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF DIRECT TAXES DEDUCTION OF TAX AT SOURCE- INCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING…
Income Tax Act: Explanatory Notes to the Provisions of the Finance Act, 2022 – CBDT Circular No. 23/2022 dated 03.11.2022 CIRCULAR NO. 23/2022 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,…
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)…
Income Tax payers shall not be eligible to join Atal Pension Yojana (APY) from 1st October, 2022- Notification dated 10.08.2022 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 10th August, 2022 F. No. 16/1/2015-PR.—Atal Pension Yojana.— In partial modification of Ministry of Finance, Department of Financial Services Notification No. 16/1/2015-PR dated 16th…