Mandatory filing of ITR - In case the turnover exceeds ₹ ...

New Rule 12AB: File ITR if turnover exceeds Rs. 60L, TDS over Rs. 25K, or savings deposits over Rs. 50L.

April 22, 2022

Notifications Income Tax

Mandatory filing of ITR - In case the turnover exceeds ₹ 60 Lacs (10 Lacs in case of profession) or TDS exceeds ₹ 25,000 or aggregate deposits in saving account exceeds ₹ 50 lacs - New Rule 12AB - Income-tax (Ninth Amendment) Rules, 2022

View Source

← Previous Next →

Mandatory filing of ITR - In case the turnover exceeds ₹ ...

New Rule 12AB: File ITR if turnover exceeds Rs. 60L, TDS over Rs. 25K, or savings deposits over Rs. 50L.

April 22, 2022

Notifications Income Tax

You may also like:

ITAT upheld addition under section 68 regarding unexplained cash deposits of Rs. 78,00,000/- as assessee failed to provide satisfactory explanation or supporting...

The assessee paid consideration over Rs. 50 lakh for purchase of property whose stamp duty valuation exceeded Rs. 50 lakh. Though TDS was deducted voluntarily, it was...

Income-tax (Second Amendment) Rules, 2019 - Filing of Returns (ITR) for the Assessment Year 2019-2020

Levy of late filing fee u/s. 234E - Due to certain technical error committed (incorrect interchanging of PAN numbers of buyer and seller in online filing of Statement...

Scope of Deposits - amounts collected by the petitioners for sale of immovable property as advance - would come under the purview of ‘deposits’ or would exempt from the...

The High Court dismissed the petition seeking rectification of mistake in filing the wrong income tax return (ITR) format, as the assessee had full knowledge of filing...

The ITAT Delhi held that denial of Foreign Tax Credit (FTC) claim due to late filing of Form 67 after the due date of filing Income Tax Return (ITR) was not justified....

The appellant was required to deposit a total fee of Rs. 20,000/- (Rs. 10,000/- CGST and Rs. 10,000/- HGST) as a statutory precondition for filing an appeal against the...

IF TDS or refund is exceeding ₹ 4 lac or 25K respectively – credit will be allowed after verification

The assessee, a domestic company, contested the tax rate applied by the authorities for the assessment year 2018-19. The Finance Act, 2017 introduced a concessional tax...

Income-tax (third amendment) Rules, 2012 - amendment in rule 12 and substitution of forms sahaj (itr-1), ITR-2, ITR-3, SUGAM (itr-4s), ITR-4 and itr-v. - Ntf. No....

Application for refund filed manually - Since rule 97A contains a non-obstante clause, it is intended to override rules 89 to 97 of the CGST Rules forming part of...

Important advisory for e-Invoice for Taxpayers having annual turnover exceeding ₹ 20 Crores - SGST

Transitioning unutilized input tax credit under the Kerala Goods and Services Tax Act, 2017 - error in claiming input tax credit of unadjusted TDS. The High Court held...

Tax Credit Entitlement - Credit of TDS if deductor failed to deposit the TDS to the Government

Quick Updates: