![Interim Relief to MSL: Calcutta High Court directs CBDT to consider representation to exempt TDS on E-Commerce Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/E-Commerce-Transactions-TDS-MSL-Calcutta-High-Court-CBDT-Taxscan.jpg "Interim Relief to MSL: Calcutta High Court directs CBDT to consider representation to exempt TDS on E-Commerce Transactions [Read Order]")
Interim Relief to MSL: Calcutta High Court directs CBDT to consider representation to exempt TDS on E-Commerce Transactions [Read Order]
A single judge bench of the Calcutta High court on hearing the writ petition filed by the Mjunction Services Ltd.directed the Central Board of Direct...
![Prescribed Income Tax Authority shall not be below the Rank of Income Tax Officer for Issuance of Notice for Inquiry before Assessment of Tax: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/09/income-tax-authority-income-tax-Officer-Issuance-of-Notice-Assessment-of-Tax-CBDT-Taxscan.jpg "Prescribed Income Tax Authority shall not be below the Rank of Income Tax Officer for Issuance of Notice for Inquiry before Assessment of Tax: CBDT [Read Notification]")
![No TDS payable by Air India for Transfer of Capital Asset under plan approved by Central Govt: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/09/TDS-Air-India-transfer-of-capital-asset-Central-Government-CBDT-Taxscan.jpeg "No TDS payable by Air India for Transfer of Capital Asset under plan approved by Central Govt: CBDT [Read Notification]")
![Provision of Taxability of Gift is not applicable on Equity Shares of PSU, received from Govt. under Strategic Disinvestment: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/09/Provision-of-Taxability-Gift-public-sector-companies-strategic-disinvestment-CBDT-Taxscan.jpg "Provision of Taxability of Gift is not applicable on Equity Shares of PSU, received from Govt. under Strategic Disinvestment: CBDT [Read Notification]")
![CBDT exempts Air India from Deducting TDS, TCS [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/09/CBDT-Air-India-TDS-TCS-Taxscan.jpg "CBDT exempts Air India from Deducting TDS, TCS [Read Notification]")
CBDT clarifies Carry Forward of Losses in case of Change in Shareholding due to Strategic Disinvestment
The Central Board of Direct Taxes ( CBDT ) has clarified the Carry Forward of Losses in case of Change in Shareholding due to Strategic Disinvestment. Finance Act, 2021 has amended section 72A of...
CBDT notifies District Mineral Foundation Trust eligible for Section 10(46) Income Tax Exemption [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the District Mineral Foundation Trust eligible for exemption under section 10(46) of the Income Tax Act, 1961. The Board empowered under clause...
![CBDT notifies District Mineral Foundation Trust eligible for Section 10(46) Income Tax Exemption [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/09/CBDT-District-Mineral-Foundation-Trust-Income-Tax-Exemption-Taxscan.jpg "CBDT notifies District Mineral Foundation Trust eligible for Section 10(46) Income Tax Exemption [Read Notification]")
[BREAKING] CBDT extends due dates for filing of Income Tax Returns and various Reports of Audit for Assessments
On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax...
FinMin continuously engaged with Infosys to ensure a smooth Income Tax Return filing experience to Taxpayers: CBDT
The e-Filing portal of the Income Tax Department (www.incometax.gov.in) was launched on 7th June 2021. Taxpayers and professionals have reported glitches and difficulties in the portal since...
CBDT issues Procedure for Handling of Assessment by Jurisdictional AO on Assessments or Penalties transferred out of Faceless Assessment [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued the procedure for handling of assessment by a Jurisdictional Assessing Officer in respect of assessments or penalties transferred out of Faceless...
![CBDT issues Procedure for Handling of Assessment by Jurisdictional AO on Assessments or Penalties transferred out of Faceless Assessment [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/09/Faceless-Assessment-CBDT-Taxscan.jpg "CBDT issues Procedure for Handling of Assessment by Jurisdictional AO on Assessments or Penalties transferred out of Faceless Assessment [Read Circular]")
![CBDT notifies exception to Faceless Assessment Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/CBDT-Faceless-Assessment-Scheme-Exception-Taxscan.jpg "CBDT notifies exception to Faceless Assessment Scheme [Read Order]")