News

The Income Tax Department has issued an Advisory on Digital Signature Certificate(DSC).

Income Tax Department issued advisory on DSC

Notifications

The Central Board of Direct Taxes(CBDT) has notified new Form 6D for Inventory Valuation Reporting u/s 142(2A) of Income Tax Act, 1961 via issuing notification.

CBDT notified new Form 6D for Inventory Valuation Reporting u/s 142(2A)

Taking into account the suggestions received and detailed interactions with stakeholders, Rule 11UA for the valuation of shares for purposes of Section 56(2)(viib) of Act has been modified.

CBDT notifies changes to Rule 11UA in respect of ANGEL TAX

The Central Board of Direct Taxes(CBDT) has issued procedure for application of Income Tax Deduction Certificate via TRACES via issuing Notification.

CBDT issues procedure for application of Income Tax Deduction Certificate via TRACES

The Income Tax Department has raided the premises of Information Technology Hardware maker Lenovo as part of Tax Evasion Investigation against the company and some of its associates.

Income Tax Department raids Lenovo for alleged Tax Evasion

Articles

Individuals earning income from their businesses or professions must keep a variety of records in order to comply with income tax audit requirements.

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Income Tax Department issued advisory on DSC

CBDT notified new Form 6D for Inventory Valuation Reporting u/s 142(2A)

CBDT notifies changes to Rule 11UA in respect of ANGEL TAX

CBDT issues procedure for application of Income Tax Deduction Certificate via TRACES

Income Tax Department raids Lenovo for alleged Tax Evasion

List of Important Documents required for Tax Audit