Union Budget 2022-23: Clarification on disallowance under section 14A
Section 14A of the Act provides that no deduction shall be allowed in respect of expenditure incurred by the assessee…
Category: Income Tax Articles
Income Tax: FAQs on Statutory Forms & related Services issued
The Income Tax Department has issued the Frequently Asked Questions (FAQs) on Statutory Forms & related Services. the FAQs are…
Process Flow for filing of Audit Reports on new Income Tax Portal issued
Income Tax Department has issued Process Flow steps on 23rd January 2022 regarding the availability of Audit Reports for filing Audit Forms…
Gujarat HC: Controversy of technical glitches in the Income Tax Portal resolved
The Gujarat High Court has refused to accept the request for physical filing but based upon the affidavit submitted by…
![[Breaking] CBDT Extends due date of Income Tax Returns / Audit Reports](https://www.taxwallah.com/wp-content/uploads/2021/09/income-tax-india.jpg)
[Breaking] CBDT Extends due date of Income Tax Returns / Audit Reports
The Central Board of Direct Taxes (CBDT) has issued Circular No. 01/2022 dated 11th January, 2022 for the extension of…
Budget 2022: ICAI proposes for no tax on income from PF deposit up to Rs 7.5 lakh
In Budget 2021, the Government proposed to tax income on Provident Fund (PF) contributions above Rs 2.5 lakh in a year. This…
Income-tax Deptt’s searches reveal large scale under-invoicing of imports
The Income Tax Department carried out search and seizure operations on an importer and trader of laptops, mobile phones and…
CBDT exempts a class of persons from the requirement of furnishing Income Tax Returns
The Central Board of Direct Taxes vide Notification No. 119/2021/F. No. 225/76/2021-ITA.II dated 11th October 2021 has dispensed requirement of furnishing return…
Income Tax Department conducts searches in Assam, Meghalaya and West Bengal
The Income Tax Department carried out search and seizure operations on 05.10.2021 in the case of two groups based in…
CBDT notifies New Income Tax Rules
The Taxation Laws (Amendment) Act, 2021 (2021 Act), inter-alia, amended the Income-tax Act, 1961 (Income-tax Act) so as to provide that no…
CSR expenses incurred by Toyota are allowable as deduction says ITAT
Income Tax Appellate Tribunal (“ITAT”), Bangalore in its recent ruling in the case of M/S. Toyota Boshoku Automotive India Pvt. Ltd.…
All about Set Off and Carry Forward of Losses under Income Tax Law
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