![Income Tax: CBDT eases Compliance of TDS / TCS [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/05/CBDT-Eases-Compliance-TDS-TCS-taxscan.jpeg "Income Tax: CBDT eases Compliance of TDS / TCS [Read Circular]")
Income Tax: CBDT eases Compliance of TDS / TCS [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued a circular prescribing the rules to follow to use the functionality developed to ease compliance...
![No Deduction of Profits and Gains from Industrial undertakings u/s 80IA (4) without Notification issued by the Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Deduction-Profits-and-Gains-Competent-Authority-taxscan.jpeg "No Deduction of Profits and Gains from Industrial undertakings u/s 80IA (4) without Notification issued by the Competent Authority: ITAT [Read Order]")
![CBDT issues Guidelines for Compulsory Selection of Income Tax Returns [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/05/CBDT-Guidelines-for-Compulsory-Selection-of-Returns-Taxscan.jpeg "CBDT issues Guidelines for Compulsory Selection of Income Tax Returns [Read Circular]")
![Supreme Court Decision saving around 90,000 Re-Assessments: CBDT issues Instruction [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/05/Supreme-court-Re-Assessments-CBDT-taxscan.jpg "Supreme Court Decision saving around 90,000 Re-Assessments: CBDT issues Instruction [Read Circular]")
![CBDT notifies Computation of minimum investment and exempt income for Sovereign Wealth Fund [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/05/CBDT-Computation-minimum-investment-exempt-income-Sovereign-Wealth-Fund-Taxscan.jpeg "CBDT notifies Computation of minimum investment and exempt income for Sovereign Wealth Fund [Read Notification]")
CBDT's Grace Marks Policy for Dept Exam not applicable to Reserved Category Candidate to Switch Over to General Category: Supreme Court
The Supreme Court has observed that the benefit of the grace marks policy introduced by Central Board of Direct Taxes (CBDT) for Departmental Examination for Income Tax Inspectors is not to allow the...
![Income Tax Return: CBDT notifies Form ITR-U for filing of Updated Return [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/05/CBDT-Form-ITR-U-Updated-Return-Taxscan.jpg "Income Tax Return: CBDT notifies Form ITR-U for filing of Updated Return [Read Notification]")
CBDT notifies Conditions for furnishing ITR by persons referred u/s 139(1)(b) of Income Tax Act [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the conditions for furnishing the income Tax Return by persons referred under section 139(1)(b) of the Income Tax Act, 1961. Section 139(1)(b)...
![CBDT notifies Conditions for furnishing ITR by persons referred u/s 139(1)(b) of Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/04/CBDT-ITR-persons-Income-Tax-Act-taxscan.jpeg "CBDT notifies Conditions for furnishing ITR by persons referred u/s 139(1)(b) of Income Tax Act [Read Notification]")
Expenditure in the form of Commission to the Doctors is Prohibited by Law and not Entitled to Deduction u/s 37 (1): Calcutta HC [Read Order]
The Calcutta High Court has held that expenditure in the form of commission to the doctors is prohibited by law and not entitled to deduction u/s 37. The petitioner, Peerless Hospitex Hospital and...
![Expenditure in the form of Commission to the Doctors is Prohibited by Law and not Entitled to Deduction u/s 37 (1): Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Expenditure-Commission-Doctors-Law-Deduction-Calcutta-High-Court-Taxscan.jpeg "Expenditure in the form of Commission to the Doctors is Prohibited by Law and not Entitled to Deduction u/s 37 (1): Calcutta HC [Read Order]")
Interest u/s 234B and 234C of the Income Tax Act can’t be levied on Additional Income declared under Modified Return: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the levy of interest under sections 234B and 234C of the Income Tax Act, 1961 for non/short payment of advance tax installment and...
![Interest u/s 234B and 234C of the Income Tax Act can’t be levied on Additional Income declared under Modified Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Act-Additional-Income-ITAT.jpg "Interest u/s 234B and 234C of the Income Tax Act can’t be levied on Additional Income declared under Modified Return: ITAT [Read Order]")
CBDT notifies Rajasthan Electricity Regulatory Commission eligible for Income Tax Exemption [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the Rajasthan Electricity Regulatory Commission eligible for income tax exemption under section 10(46) of the Income Tax Act, 1961. As per the...
![CBDT notifies Rajasthan Electricity Regulatory Commission eligible for Income Tax Exemption [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/04/CBDT-Rajasthan-Electricity-Regulatory-Commission-Income-Tax-Exemption-taxscan.jpeg "CBDT notifies Rajasthan Electricity Regulatory Commission eligible for Income Tax Exemption [Read Notification]")