![Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/profit-Trading-Manufacturing-Diamonds-CBDT-Circular-ITAT-taxscan.jpg "Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]")
Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]
The Surat bench of Income Tax Appellate Tribunal (ITAT) comprising Shri Pawan Singh, JM and Dr Arjun Lal Saini, AM has held that the addition on...
![Cash deposited during Demonetization period: ITAT directs Assessment as per CBDT guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Cash-deposited-Demonetization-ITAT-Assessment-CBDT-guidelines-TAXSCAN.jpg "Cash deposited during Demonetization period: ITAT directs Assessment as per CBDT guidelines [Read Order]")
![Krea University Eligible for Income Tax Deduction u/s 35(1): CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/11/Krea-University-Eligible-Income-Tax-Deduction-CBDT-TAXSCAN.jpg "Krea University Eligible for Income Tax Deduction u/s 35(1): CBDT [Read Notification]")
Due Date Extended for filing of TDS Statement in Form 26Q Only, Other Forms Shall be filed within 31st October: Income Tax Dept
In the light of due date extension of TDS Statement in Form 26Q till 30th November, the income tax department has informed the taxpayers the due date for filing of TDS statements other than form 26Q...
Norges Bank on Account of the Govt Pension Fund Global Eligible for Income Tax Exemption for Specified Wealth Fund: CBDT [Read Notification]
The Central Board of Direct Taxes (CBDT) has specified the sovereign wealth fund, Norges Bank On Account Of The Government Pension Fund Global as the specified person for the purposes of the said...
![Norges Bank on Account of the Govt Pension Fund Global Eligible for Income Tax Exemption for Specified Wealth Fund: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/10/Norges-Bank-Account-Government-Global-Eligible-Income-Tax-Specified-Wealth-Fund-TAXSCAN-1.jpg "Norges Bank on Account of the Govt Pension Fund Global Eligible for Income Tax Exemption for Specified Wealth Fund: CBDT [Read Notification]")
Updating of UDIN till 30th November: ICAI Advises Chartered Accountants to Validate Pending Forms
In the light of the income tax department’s decision to extend the due date to update Unique Document Identification Number (UDIN) is available on the portal till 30th November, the Institute of...
No Compulsory Scrutiny when Income Tax Return Furnished u/ s 142(1) based on Departmental Information: CBDT issues Guidelines [Read Circular]
The Central Board Of Direct Taxes (CBDT), ITA –II division, Dept. of Revenue, Ministry Of Finance, New Delhi, has recently issued guidelines clarifying that when a return has been furnished in...
![No Compulsory Scrutiny when Income Tax Return Furnished u/ s 142(1) based on Departmental Information: CBDT issues Guidelines [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/09/Compulsory-Scrutiny-Income-Tax-Return-CBDT-taxscan.jpg "No Compulsory Scrutiny when Income Tax Return Furnished u/ s 142(1) based on Departmental Information: CBDT issues Guidelines [Read Circular]")