The Finance Act, 2023 is a comprehensive piece of legislation aimed at refining the country’s fiscal framework and introducing a wide range of measures to […]
CBDT
CBDT Announces New Form 13 Filing Rules for Lower or Nil TDS Without Payer Details
Tax Deduction at Source, commonly known as TDS, is an essential component of India’s tax administration framework. It ensures that tax is collected at the […]
CBDT Updates Compliance Rules with Form No. 56F for Section 10AA Tax Deduction Claims
The Indian government has consistently introduced measures to promote exports and boost economic growth through various fiscal incentives. Among these, Section 10AA of the Income […]
CBDT Extends ITR Deadline for Non-Audit Cases to 15 September 2025
The Central Board of Direct Taxes has officially extended the due date for filing Income Tax Returns for the Assessment Year 2025-26 from the original […]
Key Compliance Requirements for Specified Funds as per CBDT’s Section 10(4D) Guidelines
Section 10(4D) of the Income Tax Act offers exemption on certain incomes of specified funds, playing a vital role in the investment and regulatory landscape, […]
CBDT Announces Cost Inflation Index of 376 for FY 2025-26: Impact on Capital Gains
The Cost Inflation Index is an important financial measure that plays a significant role in determining the tax implications of selling long-term capital assets in […]
CBDT Introduces Form ITR-A for Successor Entities Filing Modified Income Tax Returns
Business reorganization is a common corporate event that involves structural changes such as mergers, demergers, amalgamations, or transfer of assets and liabilities. These changes often […]
CBDT’s Latest Guidelines for Condonation of Delay in Filing ITR with Refund or Loss Claims
The Central Board of Direct Taxes is entrusted with the administration and enforcement of the provisions of the Income-tax Act, 1961. One of its significant […]
AY 2022-23 ITR Filing Extended: CBDT Revises Audit and Return Deadlines
Under the Income Tax Act, 1961, certain categories of taxpayers are required to adhere to specific timelines for filing their income tax returns and audit […]
CBDT Notification: Section 194N Not Applicable to Diplomatic and Consular Entities
Section 194N was introduced as a provision under the Income Tax Act, 1961, through the Finance Act, 2019. The intent behind this provision was to […]
CBDT Extends Transfer Pricing Safe Harbour Rules Applicability Up to AY 2022-23
The concept of safe harbour in the context of transfer pricing was introduced to create a simplified compliance mechanism for taxpayers engaged in certain types […]
CBDT Grants Relief to Cooperative Societies with Late ITR Filing Under Section 80P
The Indian taxation system recognizes the unique nature of cooperative societies, offering them certain exemptions and deductions under the Income Tax Act, 1961. One of […]
Understanding the New CBDT Guidelines on Tax Deduction Under Section 194-O
The Central Board of Direct Taxes (CBDT) has released a circular outlining the guidelines for deduction of tax at source under Section 194-O of the […]
CBDT Clarifies: Companies and Firms Barred from Filing Form 60 for Rule 114B Transactions
Form 60 is a critical declaration form used by individuals who do not possess a Permanent Account Number (PAN) but are required to undertake specific […]
Understanding CBDT’s Move to Withdraw Outstanding Tax Liabilities
The Central Board of Direct Taxes issued a significant order aimed at providing relief to taxpayers by allowing the withdrawal of certain outstanding tax demands. […]