22
June
2022
CBDT issues guidelines for deduction of tax u/s 194S on transfer of virtual digital assets
The Central Board of Direct Taxes (CBDT) vide its Circular No 13 of 2022 dated 22nd June 2022 issues the guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961. The Central Government vide Finance Act 2022 in the Budget 2022 inserted a new section 194S in the Income-tax... Read More
17
June
2022
CBDT issues guidelines for deduction of TDS u/s 194R of the Income Tax Act, 1961
The Central Board of Direct Taxes (CBDT) vide its Circular No 12 of 2022 dated 16th June 2022 issues the guidelines for the removal of difficulties under section 194R (2) of the Income Tax Act 1961. Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as “the Act”)... Read More
15
June
2022
CBDT notifies the Cost Inflation Index (CII) for FY 2022-23
The Central Board of Direct Taxes (CBDT) vide its Notification No 62/2022 [S.O. 2735(E)] dated 14th June 2022 notifies the Cost Inflation Index (CII) for FY 2022-23 as “331”. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 14th June, 2022INCOME-TAX S.O. 2735(E).-In exercise of the powers conferred by clause (v) of the... Read More