CBDT clarifies doubts on the applicability of Section 194R

The Central Board of Direct Taxes (CBDT) has issued guidelines for the…

Cost Inflation Index for FY 2022-23 Notified as ‘331’

The Central Board of Direct Taxes has announced the Cost Inflation Index…
GST Revenue

CBIC Issued Instructions on Sanction, Post-Audit, and Review of Refund Claims

The Central Board of Indirect Taxes and Customs (CBIC) issued instructions concerning…

Income tax updates – CBDT notifies form for filing the ‘Updated’ income tax returns

The income tax department has notified Form ITR-U for filing the ‘Updated’…

Income Tax Department Notifies Income Tax Forms For FY 2021-22 (AY 2022-23)

The government has notified new ITR forms through a notification for return…
Aadhaar Update

Missed PAN-Aadhaar linking? Here is the penalty you will have to pay

CBDT issues a new notification stating that any PAN not linked with…

Purchase and Sale of Digital Assets to Reflect in AIS

The Ministry of Corporate Affairs (MCA) recently mandated firms to disclose all…

Income Tax Guidelines: How to claim the exemption for the sum received under ULIP

The CBDT has issued guidelines to clarify any difficulty in applying Section…

CBDT Notifies e-Advance Rulings Scheme

The Finance Ministry notified the ‘e-advance Rulings Scheme 2022’, enabling the taxpayers…
Tax Exemption

Budget 2022- Salaried employees expecting an increase in the standard deduction

Deductions reduce taxpayers’ tax liability, thereby giving them a sense of relief.…