Category: Income Tax

Explore the tweet by Income Tax Department about the requirement of validated bank account for expediting refunds to taxpayers.

ICAI has released Revised Guidance Note (2023 Edition) on Tax Audit under Section 44AB of the Income Tax Act, 1961, incorporating amendments by Finance Act, 2023.

Explore the role of India's Advance Pricing Agreement (APA) Programme in alleviating tax/TP disputes by offering clarity & certainty to multinational corporations.

Explore CBDT Notification 73/2023 regarding procedure under New I-T Rule 134 for Claiming Credit of TDS u/s 155(20) in Form 71.

Explore CBDT Notification 70/2023 about new I-T Rules 13 and 13A, as well as new I-T Forms 6C and 6CA under Income-tax Rules, 1962.

Explore India's Income-tax Advance Rulings framework with the help of comprehensive guide. Understand legal provisions, procedures, and tax predictability.

An overview of the CBDT's latest amendment to Income Tax Rule 26, outlining specified exchange rates for TDS on foreign currency payments.

CBDT clarifies applicability of exemption u/s 10(10D) in respect of receipts from Life Insurance Policies in different situations, vide Circular 15/2023.

CBDT notifies new I-T Rule 11UACA on Computation of income chargeable to tax under section 56(2)(xiii) in respect of Receipts from Life Insurance Policies.

The CBDT has extended the applicability of I-T 10TD(1) and (2A) relating to Transfer Pricing Safe Harbour Rules up to AY 2023-24.