Category: Income Tax
CBDT notifies amended monetary limits for condonation of delay in claims for refund/ loss carry forward u/s 119(2)(b) of the Income Tax Act, 1961, vide Circular 7/2023, effective June …
CBDT amends Rules 46 & 46A, including establishment of the Joint Commissioner (Appeals) to provide taxpayers with an improved appeals mechanism, vide Notification 32/2023.
The e-Appeals Scheme 2023, introduced by the CBDT, vide Notification 33/2023, is a groundbreaking initiative aimed at addressing the issue of pending income tax appeals, including related to TDS/TCS …
Learn about the recent amendment to Rule 11AA of Income Tax Rules, 1962, impacting the effective date of provisional approval under Section 80G for charitable donations and its implications …
CBDT has amended Income Tax Rule 11UAC to further expanded the scope of non-applicability of provisions of section 56(2)(x) in the cases of strategic disinvestments, applicable from AY 2023-24.
Central Board of Direct Taxes (CBDT) has notified certain certain classes of persons which are exempt from the 'angel tax' provisions under Income-tax Laws, vide Notification 29/2023.
CBDT has amended the provisions of the 'Angel Tax' under Section 56(2)(viib) of the Income Tax Act, 1961, to exempt or exclude start-ups recognized by the DPIIT, vide Notification …
The tax exemption limit for non-government (private sector) salaried employees on leave encashment has been raised from Rs 3 lakh to Rs 25 lakh, effective April 1, 2023.
Explore the key takeaways from Union Finance Minister Smt Nirmala Sitharaman's review meeting with CBDT, focusing on expanding the taxpayer base, addressing pending cases and improving exemption application disposal.
Discover how to use the Excel utility for filing ITR-1 Sahaj and ITR-4 Sugam for AY 2023-24, including downloading the utility, enabling macros, troubleshooting common issues, and contacting customer …
