Revision in monetary limits for condonation applications for claiming refund or carry forward of losses and set-off for application filed on or after 01.06.2023
Corrigenda to Circular No. 10 of 2023 dated 30th June, 2023
Clarification regarding taxability of income earned by a non-resident investor from off-shore investments in investment fund routed through an Alternative Investment Fund
nswer: In order to remove difficulty in deducting tax at source under section 194BA of the Act for insignificant withdrawal, it is clarified that tax may not be deducted on withdrawal on satisfaction of all of the following conditions, namely:- <a>Finance Act 2023</a> inserted a new <a>section 194BA</a> in the <a>Income-tax Act
nswer: In order to remove difficulty in deducting tax at source under section 194BA of the Act for insignificant withdrawal, it is clarified that tax may not be deducted on withdrawal on satisfaction of all of the following conditions, namely:- <a>Finance Act 2023</a> inserted a new <a>section 194BA</a> in the <a>Income-tax Act
Creation of Dispute Resolution Committee
Condonation of delay under clause (b) of sub-section (2) of section 119 of the Income-tax Act, 1961 for returns of income claiming deduction u/s 80P of the Act for various assessment years from AY 2018-19 to AY 2022-23
Standard Operating Procedure (SOP) for making application for recomputation of total income of a co-operative society engaged in the business of manufacture of sugar, as provided for in the sub-section (19) of section 155 of the Income-tax Act, 1961 - reg.
Clarification regarding Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2023-24 — procedure for compulsory selection in such cases
Guidelines under Clause (10D) of section 10 of the Income-tax Act, 1961
Inviting comments on the draft Form No. 6C for implementing the amendment made by the Finance Act, 2023 w.r.t. sub-section (2A) of the Section 142 of the Income Tax Act, 1961 regarding inventory valuation
Constitution of Dispute Resolution Committee in consequence to the notification of e-Dispute Resolution Scheme, 2022 under section 245MA of the income Tax Act
Extension of timelines for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24
Order under section 119 of the Income-tax Act, 1961 - reg.
Processing of returns with refund claims under section 143(1) of the Income-tax Act, 1961 beyond the prescribed time limits in non-scrutiny cases
Extends the due date of filing of report of the accountant under clause (8) of section 10AA for Assessment Year 2023-24
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22 - Reg.