Tag: Weekly Newsletter

Income Tax Law Updates Notification/Circular: CBDT INSTRUCTION NO. 1/2022 Dt.09-05-2022  Recently, the Supreme Court has upheld the validity of section 148 notices issued under old provisions and asked Assessing Officers to proceed with the reassessment following new provisions. To implement the judgement of the … Continue Reading →

Income Tax Law Updates: Notification/Circulars Notification No. 11/2022/F. No. 370133/16/2020-TPL The Central Government hereby makes the amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue), Number 89 of 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, … Continue Reading →

Income Tax Law Updates: Notification/Circulars Notification No. 10/2022 dated 21st January, 2022 Certain Income of National Skill Development Corporation, will be exempted under clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961). ​E-advance Rulings Scheme, 2022 The Central Board of … Continue Reading →

Income Tax Law Updates: Notification/Circulars Notification No. 04-01-2022 of Department of Revenue: Provisions of sub-rule (1A) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 shall not apply to the Foreign Portfolio Investor. Notification No. 142 /2021 dated 31-12-2021 Following … Continue Reading →

Income Tax Law Updates: Notification No. 139/2021/F.No. 370142/66/2021-TPL dated 28-12-2021: The Faceless Appeal Scheme 2021 for Income Tax Law. Circular No. 21/2021 dated 28-12-2021: CBDT gives one time relaxation for verification of ITRs for AY 2020-21. Now, ITRs can be verified till 28.02.2022. Notification No. … Continue Reading →

Income Tax Law Updates: District Co-Operative Central Bank Ltd. v. Asstt. CIT Continue Reading →