Cash receipt aggregation rule clarified: daily cash receipts under dealership contracts need not be aggregated across the year when compliant.
The mere existence of a dealership or distributorship contract with a cooperative society does not by itself constitute a single event or occasion for aggregation; cash receipts received by the cooperative on a particular day that are within the prescribed limit and comply with the payment mode requirements need not be aggregated with receipts on other days across the previous year.

Tax Deduction from Salaries: employers must deduct income tax at the average rate on estimated salary income, including perquisites.
The circular requires employers/DDOs to deduct income tax under Section 192 at the average rate on estimated salary income for FY 2022 23, including perquisites and profits in lieu of salary, subject to applicable slab rates, surcharge, and health and education cess, and to observe prescribed evidentiary, reporting and filing obligations (PAN/Aadhaar, Forms 12BA/12BB/10E, Form 24Q, Form 16 via TRACES). It sets valuation rules for perquisites, allows employer payment of tax on certain perquisites, explains interaction with Section 115BAC, and prescribes penalties, interest and procedural compliance for deposit and return filing.

Authorization for tax surveys requires prior approval from senior tax authorities and monitoring by commissioners for compliance.
Authorization for survey and search powers must be issued by an income-tax authority not below the rank of Joint Director or Joint Commissioner with prior approval of the Director General/Chief Commissioner for specified directorates, and the Principal Chief Commissioner for other charges; where a TDS charge is headed by the Principal Chief Commissioner, approval shall be granted by that officer. The Principal Commissioner/Commissioner/Principal Director/Director concerned shall monitor that survey action follows statutory provisions and Board guidelines. The order supersedes prior orders and is effective immediately.

Designation of officers under Section 133A clarifies delegated search and inspection powers and territorial allocation.
The Board specifies Principal Director General, Director General, Principal Chief Commissioner and Chief Commissioner as the senior officers whose subordinates may exercise the search and inspection powers under the Income-tax law, confined to territorial areas, persons or classes of persons, incomes or classes of incomes, and cases or classes of cases assigned to them under the Department's allocation framework; the specification excludes charges exercising powers under the separate penalty and faceless penalty mechanism.

Units removal under section 144B(3) removes specified schedule entries and takes immediate administrative effect per CBDT order.
The Central Board of Direct Taxes, exercising powers under sub section (3) of section 144B of the Income tax Act, amends Office Order 2 dated 10.06.2022 by omitting the entries for Sr No. 92 and Sr No. 105 from the Schedule; the omission takes immediate effect and the order is issued with the approval of the Chairman, CBDT.

Taxation of virtual digital assets: new flat tax and withholding rules expand tax base and limit deductions.
The Finance Act, 2022 revises direct taxation by fixing tax rates and surcharge/cess treatment, modernising definitions, introducing a distinct taxation regime for virtual digital assets with a high tax rate and limited deductions plus a 1% withholding mechanism, and rationalising charitable trust exemptions by aligning two exemption regimes with new compliance, record keeping, specified violation tests, penalties for benefits to specified persons, and extension of exit tax provisions; it also expands withholding, reporting and procedural mechanisms and clarifies disallowances and anti avoidance rules.

Draft common Income tax Return: a merged, wizard driven, pre-fill capable ITR to simplify taxpayer compliance and reconciliation.
The draft proposes a common Income-tax Return consolidating existing returns (except ITR-7) while retaining ITR-1 and ITR-4 as optional. Core parts (basic information, computation of total income, tax computation, bank and tax payment details) apply to all taxpayers; additional schedules are conditionally shown via wizard questions so only applicable schedules appear. The form emphasises single-value rows, repeatable schedule instances, increased pre-filling, reconciliation with third-party data, user-friendly instructions, and includes annexures and sample customised ITRs; stakeholder comments are invited by the stated deadline.

Condonation of delay in filing Form 10A extended to permit late electronic submissions under administrative relief.
The Board condones delay in electronic filing of Form No.10A that was due on 31.03.2022, extending the permissible filing deadline up to 25.11.2022 to mitigate genuine hardship caused by filing difficulties. This relief applies to filings related to registration and recognition under the tax provisions governing charitable and related entities and does not modify substantive eligibility criteria.

Extension of TDS statement filing deadline for Form 26Q to address format revision and filing system updates.
Extension of TDS statement filing date for Form 26Q was issued under section 119 of the Income tax Act to address operational difficulties arising from revision of the Form 26Q format and consequent updation required for its filing, thereby altering the compliance timeline for the second quarter of financial year 2022 23.

Extension of return filing deadline for specified audited assessees; filing date adjusted following audit report deadline extension.
The Central Board of Direct Taxes, exercising its administrative powers under the Income-tax Act, extends the due date for furnishing the return of income for assessees covered by the Explanation to sub-section (1) of section 139, aligning the return-filing deadline with the earlier extension of audit report timelines and thereby moving the statutory filing date for that class of audited taxpayers for the Assessment Year 2022-23.

Extension of audit report filing deadline for specified assessees, allowing additional time due to electronic filing difficulties.
Extension of the due date for furnishing the report of audit under the Income tax Act for the Previous Year 2021-22: the due date originally 30 September 2022 for assessees referred in clause (a) of Explanation 2 to subsection (1) of section 139 is extended to 7 October 2022 to address difficulties in electronic filing of audit reports, issued by the Central Board of Direct Taxes under its administrative powers.

Deferment of appeals under section 158AB allows postponing appeals on identical questions of law until a favourable decision is obtained.
Deferment of departmental appeals under section 158AB permits deferring appeals on grounds raising identical questions of law until a final favourable decision is received; where multiple grounds exist, if the cumulative tax effect of identical-question and residual grounds exceeds the monetary threshold, appeals on residual grounds must be filed immediately while identical-question grounds may be deferred and filed after the favourable decision.

Collegium under Explanation to section 158AB established to decide deferment of appeals; sets composition and membership rules.
An order under the Explanation to section 158AB establishes a Collegium to decide deferment of appeals, designates constituting authorities by appeal category (International Tax and Transfer Pricing; Exemption Charge; Central Charges; all other cases), and prescribes a three-member body of PCIT/CIT including the jurisdictional officer plus two nominated officers, with optional co-option and the senior-most member as Chair. The order is effective from its date of issue.

Correction of deadline in Section 119 order: operative date amended to 30th September 2022 effective immediately.
Corrigendum to an order under Section 119 of the Income Tax Act corrects the date in paragraph 3 of the Board's order of 26 September 2022, substituting "30th September, 2022" for the earlier published "30th September, 2023"; dated 27 September 2022 and signed by the Under Secretary, TPL-IV.

Modified return filing under section 170A extended to allow successor companies more time to file ITR-A.
For successor companies with competent-authority business reorganisation orders issued between 1 April 2022 and 30 September 2022, the Board extends the time for furnishing modified returns in Form ITR-A under the statutory scheme to 31 March 2023, recognising that the notification of Form ITR-A reduced the available filing window and that modified returns are to be filed within six months of the month of the reorganisation order; the administrative order takes immediate effect.

Compounding of offences: discretionary settlement permitted subject to eligibility, payment of dues, and prescribed charges and procedures.
Revised administrative framework permits discretionary compounding of offences under the Income tax Act by designated senior authorities upon meeting prescribed eligibility conditions: filing a stamped affidavit application, prior payment of outstanding tax, interest and penalty related to the offence, undertaking to pay compounding charges and withdraw related appeals, subject to specified timelines, verification by the assessing functionary, prescribed compounding fees and ancillary prosecution and litigation costs, exclusions for certain offences, and procedural safeguards including reporting to courts and ITBA processing.

TDS on benefits/perquisites clarified: exemptions for institutional loan waivers, pure agent reimbursements, group event option, and specified exclusions.
Circular clarifies implementation of TDS on benefits/perquisites under section 194R: specified financial institutions' one time loan settlements/waivers are excluded from TDS; genuine "pure agent" reimbursements under GST valuation rules are not treated as benefits; reimbursements already forming part of consideration and taxed under other TDS provisions do not attract additional section 194R deduction; group event benefits may be left nondeductible if the provider elects to disallow the expense; diplomatic/international organizations and bonus/right share issues to all shareholders by publicly substantially interested companies are excluded from TDS.

Faceless assessment procedures require standardized AU notices, verifications, technical referrals and reasoned final orders under Section 144B.
Faceless assessment under Section 144B sets procedural duties for Assessment Units to verify assignments, issue structured questionnaires using departmental databases, enforce response timelines and centralized non compliance communications, and to refer discrete physical or non digital matters to the Verification Unit. AU may initiate penalties or issue show cause notices for best judgment assessment under Section 144 where variations are proposed; technical, valuation and legal assistance is to be sought from Technical Unit in prescribed formats with PCIT approvals, while Review Unit examines ILDPs and forwards reasoned reports to NaFAC before draft and final orders are issued using prescribed ITBA formats.

Section 148 notice guidelines require prior section 148A procedure, specified approval, and recorded reasons for income escapement.
Guidelines prescribe the procedure for issuance of notice under section 148 after the Finance Act, 2021 and Finance Act, 2022 amendments. They require the Assessing Officer, subject to specified exceptions, to proceed under section 148A on the basis of information suggesting escapement of income, issue a show-cause notice, consider the assessee's reply, and pass a speaking order with prior approval of the specified authority before notice is issued. The instructions also set out limitation rules under section 149, the categories where section 148A does not apply, and the model notices and approval proformas.

Prescribed Authority designation under e-Verification Scheme authorizes designated income-tax investigation officers to perform electronic verification functions.
Authorization designates specified investigation cadre income-tax officers as Prescribed Authority under the e-Verification Scheme, 2021, exercising powers conferred by the Scheme to enable those officers to undertake electronic verification functions for the purposes of the Scheme.