circular Archives - Fox Mandal

COVID-19 related time extension on tax liability India deadline by cbdt 2021

TAX

Tax Alert: Latest COVID-19 Related Relaxations and Exemptions Issued by the Government

This summarizes the key Notifications and Circulars issued by the CBDT, extending the due dates of various direct tax compliances under the Act:

July 14, 2021

TAX

Tax Alert: New Rules for Determining Taxability on Reconstitution of Firms

The CBDT vide notification dated 02.07.2021 has inserted a new sub-rule 5 under Rule 8AA of the Income-tax Rules, 1962 and also notified Rule 8AB, which deals with the attribution of income taxable under section 45(4) of the Act

July 12, 2021