![Delay in filing Form 67 can’t be a reason to deny Foreign Tax Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Delay-filing-Form-67-Foreign-Tax-Credit-ITAT-tax-credit-Taxscan.jpg "Delay in filing Form 67 can’t be a reason to deny Foreign Tax Credit: ITAT [Read Order]")
Delay in filing Form 67 can’t be a reason to deny Foreign Tax Credit: ITAT [Read Order]
The ITAT, Bangalore bench, consisting of members Beena Pillai (Judicial Member) and Chandra Poojari (Accountant Member) has ruled that Rule 128 of...
![CBDT releases Detailed Circular regarding TDS and Income Tax Deduction on Salaries for AY 2021-22 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/03/CBDT-Detailed-Circular-TDS-Income-Tax-Deduction-Income-tax-Salaries-AY-2021-22-Taxscan.jpg "CBDT releases Detailed Circular regarding TDS and Income Tax Deduction on Salaries for AY 2021-22 [Read Circular]")
![Income Tax Department issues Annual Information Statement (AIS) Handbook [Read Handbook]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Department-Annual-Information-Statement-AIS-handbook-handbook-income-tax-Taxscan.jpg "Income Tax Department issues Annual Information Statement (AIS) Handbook [Read Handbook]")
![CBDT notifies Conditions for Exemption of Income Accrued or Received by Non-Resident as a result of Transfer of Non-deliverable Forward Contracts [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/12/NRI-NRI-CBDT-exemption-of-income-non-resident-non-deleverable-contracts-Taxscan.jpg "CBDT notifies Conditions for Exemption of Income Accrued or Received by Non-Resident as a result of Transfer of Non-deliverable Forward Contracts [Read Notification]")
![Income Tax: CBDT notifies Amended Rules and Forms for TDS [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/06/Income-Tax-CBDT-Amended-Rules-TDS-Taxscan.jpg "Income Tax: CBDT notifies Amended Rules and Forms for TDS [Read Notification]")
![[Breaking]: Income Tax Return, Tax Audit, TDS Statement due dates Extended](https://www.taxscan.in/wp-content/uploads/2021/05/Income-Tax-Return-Tax-Audit-TDS-Statement-due-dates-Extended-Taxscan.jpg "[Breaking]: Income Tax Return, Tax Audit, TDS Statement due dates Extended")
![CBDT notifies Indo-Infra Inc. as Pension Fund for Exemption u/s 10(23FE) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/CBDT-Indo-Infra-Inc-Pension-Fund-exemption-Taxscan.jpg "CBDT notifies Indo-Infra Inc. as Pension Fund for Exemption u/s 10(23FE) [Read Notification]")
Relief for Salaried Class: CBDT notifies Exemption for Cash Allowance in lieu of Leave Travel Concession, Amends Income Tax Rules [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the amendment in Rule 2B of the Income Tax Rules where the provisions relating to exemption in respect of cash allowance received in lieu of...
![Relief for Salaried Class: CBDT notifies Exemption for Cash Allowance in lieu of Leave Travel Concession, Amends Income Tax Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/Salaried-Class-CBDT-Income-Tax-Rules-Leave-Travel-Concession-Taxscan.jpg "Relief for Salaried Class: CBDT notifies Exemption for Cash Allowance in lieu of Leave Travel Concession, Amends Income Tax Rules [Read Notification]")
CDPQ Fixed Income XI Inc. now eligible for Exemption of Income from Dividends, Interest, and LTCG earned from Investments made in Indian Infrastructure: CBDT
The Central Board of Direct Taxes (CBDT) notified a Pension Fund namely CDPQ Fixed Income XI Inc. as eligible for exemption of Income from dividends, interest, and Long Term Capital Gain earned from...
Non Residents having Income from Transfer of Capital Asset referred to Sec. 47(viiab) Exempt from obtaining PAN: CBDT
The Central Board of Direct Taxes (CBDT) notified the conditions to be fulfilled by Foreign Investors making transactions in a capital asset. The Board makes the Income-tax (14th Amendment) Rules,...
Relief to Hero Motocorp: No disallowance u/s 14A can be made by invoking provisions of Rule 8D retrospectively, says ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), while providing relief to Hero Motocorp ruled that no disallowance under section 14A can be made by invoking provisions of Rule 8D retrospectively. The...
![Relief to Hero Motocorp: No disallowance u/s 14A can be made by invoking provisions of Rule 8D retrospectively, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Relief-Hero-Motocorp-No-disallowance-invoking-provisions-Rule-8D-ITAT-taxscan.jpg "Relief to Hero Motocorp: No disallowance u/s 14A can be made by invoking provisions of Rule 8D retrospectively, says ITAT [Read Order]")