![CBDT issues Guidelines and Procedure for Complete Scrutiny of ITRs during FY 2023-24 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-issues-Guidelines-Procedure-Complete-Scrutiny-ITRs-taxscan.jpg "CBDT issues Guidelines and Procedure for Complete Scrutiny of ITRs during FY 2023-24 [Read Circular]")
CBDT issues Guidelines and Procedure for Complete Scrutiny of ITRs during FY 2023-24 [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued guidelines for selection and procedure for the compulsory scrutiny of Income Tax Returns during...
![CBDT notifies Income Tax Rule 133 to Calculate Net Winnings from Online Gaming [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/online-game.jpg "CBDT notifies Income Tax Rule 133 to Calculate Net Winnings from Online Gaming [Read Notification]")
![CBDT issues Guidelines to Clarify ‘Net Winnings’ and Income Tax Implications on Online Games [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-Online-Gaming-Net-Winnings-CBDT-Guidelines-on-Online-Games-Income-Tax-Implications-on-Online-Games-Taxscan.jpeg "CBDT issues Guidelines to Clarify ‘Net Winnings’ and Income Tax Implications on Online Games [Read Circular]")
CBDT notifies TDS u/s 194A applicable to Scheme of Mahila Samman Savings Certificate, 2023 [Read Notification]
The Central Board of Direct Taxes (CBDT) notified that the Scheme of Mahila Samman Savings Certificate, 2023 will be covered under Tax Deduction at Source (TDS) under Section 194A(1)(3)(a) of the...
Issuance of Notice and Initiation of Reassessment Beyond Six Years is Barred by limitation: Calcutta HC [Read Order]
In a recent case, the Calcutta High Court held that issuance of notice and initiation of reassessment beyond six years is barred by limitation. Coplama Products Private Limited, the petitioner has...
CBDT notifies Income Tax Exemption u/s 10(46) for Certain Incomes of Pune Metropolitan Region Development Authority [Read Notification]
The Central Board of Direct Taxes (CBDT) has extended the income tax exemption under Section 10(46) of the Income Tax Act, 1961 to ‘Pune Metropolitan Region Development Authority’, an Authority...
![CBDT notifies Income Tax Exemption u/s 10(46) for Certain Incomes of Pune Metropolitan Region Development Authority [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-Income-Tax-Exemption-CBDT-notifies-Income-Tax-Exemption-CBDT-notifies-Incomes-Pune-Metropolitan-Region-Development-Authority-taxscan.jpg "CBDT notifies Income Tax Exemption u/s 10(46) for Certain Incomes of Pune Metropolitan Region Development Authority [Read Notification]")
![CBDT notifies Income Tax Exemption u/s 10(46) for Specified Income of FSSAI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-notifies-Income-Tax-Exemption-us-1046-Specified-Income-FSSAI-TAXSCAN.jpg "CBDT notifies Income Tax Exemption u/s 10(46) for Specified Income of FSSAI [Read Notification]")
Amounts Advanced for Business Transactions Between Parties Will not fall within the Definition of “Deemed Dividend”u/s 2(22)(e) of Income Tax Act: ITAT
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that the amount advanced for business transactions between parties would not fall within the definition of deemed dividend...
No valid Registration to claim exemption u/s 11 of Income Tax Act: Telangana HC directs to deposit 3 crores [Read Order]
In a recent ruling the bench composed of Chief Justice Ujjal Bhuyan and Justice N. Tukaramji meets the ends of justice, while entertaining a writ petition, directed to pay an amount of Rs. 3 crores...
![No valid Registration to claim exemption u/s 11 of Income Tax Act: Telangana HC directs to deposit 3 crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Act-Telangana-HC-Registration-taxscan..jpg "No valid Registration to claim exemption u/s 11 of Income Tax Act: Telangana HC directs to deposit 3 crores [Read Order]")
"CBDT should ensure timely and appropriate actions on all applications filed by taxpayers" Union FM Nirmala Sitharaman Reviews Periodic Review Meeting of CBDT
On 25th April 2023, the Union Finance Minister Nirmala Sitharaman chaired the periodic review meeting of the Central Board of Direct Taxes (CBDT). Apart from the Finance Minister, Revenue Secretary,...
