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CBDT Revises Monetary Limits for Condonation of delay for refund claim and carry forward of losses Income Tax Circulars

CBDT Revises Monetary Limits for Condonation of delay for refund claim and carry forward of losses

Sujit Talukder Monday, June 05, 2023

CBDT vide Circular No. 7/2023 dated 31.05.2023 has revised the monetary limi…

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CBDT Issues Guidelines for Removal of Difficulties for TDS under Section 194BA and Defines Net Winnings from Online Games Income Tax Circulars

CBDT Issues Guidelines for Removal of Difficulties for TDS under Section 194BA and Defines Net Winnings from Online Games

Sujit Talukder Saturday, June 03, 2023

CBDT vide Circular No. 5/2023 dated 22.05.2023 issued the Guidelines for the…

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CBDT Amends Rule 11AA to Clarify Provisional 80G Approval effective from the Year of Application Income Tax Circulars

CBDT Amends Rule 11AA to Clarify Provisional 80G Approval effective from the Year of Application

Sujit Talukder Saturday, June 03, 2023

CBDT vide Notification No. 34/2023 dated 30.05.2023 in G.S.R. 399(E) through…

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CBDT amends Rule 11UAC to exclude Strategic Disinvestment from section 56(2)(x) Income Tax Circulars

CBDT amends Rule 11UAC to exclude Strategic Disinvestment from section 56(2)(x)

Sujit Talukder Saturday, June 03, 2023

CBDT vide Notification No. 35/2023 dated 31.05.2023 in G.S.R. 403(E) amend…

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CBDT Notifies Rule 133 to Calculate Net Winnings from Online Games Income Tax Circulars

CBDT Notifies Rule 133 to Calculate Net Winnings from Online Games

Sujit Talukder Friday, June 02, 2023

CBDT vide Notification No. 28/2023 dated 22.05.2023 in G.S.R. 379(E) throug…

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CBDT Amends Rule 31A and Form 16 to include Deduction for Contribution to Agnipath Scheme Income Tax Circulars

CBDT Amends Rule 31A and Form 16 to include Deduction for Contribution to Agnipath Scheme

Sujit Talukder Friday, June 02, 2023

CBDT vide Notification No. 28/2023 dated 22.05.2023 in G.S.R. 379(E) throug…

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CBDT Notifies Persons and Start-ups Exempt from Angel Tax under section 56(2)(viib) Income Tax Circulars

CBDT Notifies Persons and Start-ups Exempt from Angel Tax under section 56(2)(viib)

Sujit Talukder Friday, June 02, 2023

CBDT vide Notification No. 29/2023 dated 24.05.2023 in S.O. 2274(E) notifie…

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CBDT Enhances Leave Salary Exemption Limit u/s 10(10AA) to Rs. 25 Lakh from Rs. 3 Lakh Income Tax Circulars

CBDT Enhances Leave Salary Exemption Limit u/s 10(10AA) to Rs. 25 Lakh from Rs. 3 Lakh

Sujit Talukder Thursday, June 01, 2023

CBDT vide Notification No.31/2023 dated 24.05.2023 in S.O. 2276(E) notified…

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CBDT Issues Guidelines for Compulsory Complete Scrutiny in Financial Year 2023-24 Income Tax Circulars

CBDT Issues Guidelines for Compulsory Complete Scrutiny in Financial Year 2023-24

Sujit Talukder Thursday, June 01, 2023

CBDT has released guidelines on 24.05.2023 for the compulsory selection of ret…

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CBDT Inviting Public Comments on Draft Rule 11UA for determining fair market value (FMV) of consideration received from non-residents for issue of shares under section 56(2)(viib) Income Tax Articles

CBDT Inviting Public Comments on Draft Rule 11UA for determining fair market value (FMV) of consideration received from non-residents for issue of shares under section 56(2)(viib)

Sujit Talukder Thursday, June 01, 2023

CBDT vide a Communication dated 26.05.2023 invited public comments on the dra…

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CBDT proposes changes to Rule 11UA in respect of Angel Tax Income Tax Circulars

CBDT proposes changes to Rule 11UA in respect of Angel Tax

Sujit Talukder Wednesday, May 24, 2023

CBDT vide a Press Release dated 19.05.2023 proposes to introduce changes in …

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CBDT Direction for e-filing of Revenue Appeals before High Court and ITAT Income Tax Circulars

CBDT Direction for e-filing of Revenue Appeals before High Court and ITAT

Sujit Talukder Thursday, May 18, 2023

CBDT vide communication dated 04.05.2023 has directed all the Principal Chief…

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CBDT Notifies Exemption Threshold to TDS on Interest u/s 194A on Mahila Samman Savings Certificate Income Tax Circulars

CBDT Notifies Exemption Threshold to TDS on Interest u/s 194A on Mahila Samman Savings Certificate

Sujit Talukder Wednesday, May 17, 2023

The Central Board of Direct Taxes (CBDT) has issued Notification No. 27/2023 i…

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CBDT Notifies Food Safety and Standards Authority of India (FSSAI) for Tax Exemption u/s 10(46) Income Tax Circulars

CBDT Notifies Food Safety and Standards Authority of India (FSSAI) for Tax Exemption u/s 10(46)

Sujit Talukder Friday, May 12, 2023

CBDT vide Notification No. 26/2023 dated 10.05.2023 in S.O. 2155(E) notified …

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CBDT Notifies Pune Metropolitan Region Development Authority for Tax Exemption u/s 10(46) Income Tax Circulars

CBDT Notifies Pune Metropolitan Region Development Authority for Tax Exemption u/s 10(46)

Sujit Talukder Friday, May 12, 2023

CBDT vide Notification No. 25/2023 dated 10.05.2023 in S.O. 2154(E) notified …

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Government issues Clarification on FAQ 6 (reporting) issued by U.S. IRS for FATCA reportable accounts Income Tax Circulars

Government issues Clarification on FAQ 6 (reporting) issued by U.S. IRS for FATCA reportable accounts

Sujit Talukder Monday, May 08, 2023

CBDT vide a clarification dated 04.05.2023 issued clarifications on FAQ 6 (re…

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CBDT Notifies National Institute of Design for tax deduction u/s 35(1)(ii) Income Tax Circulars

CBDT Notifies National Institute of Design for tax deduction u/s 35(1)(ii)

Sujit Talukder Tuesday, April 25, 2023

CBDT vide Notification No. 23/2023 in S.O. 1831(E) dated 21st April 2023 app…

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CBDT issues Interim Action Plan for FY 2023-24 || Directions to take immediate action on outstanding demand, refund approval and grievance redressal Income Tax Articles

CBDT issues Interim Action Plan for FY 2023-24 || Directions to take immediate action on outstanding demand, refund approval and grievance redressal

Sujit Talukder Tuesday, April 18, 2023

CBDT has issued Interim Action Plan for the FY 2023-24 dated 11th April 2023…

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CBDT Releases Direct Tax Statistics from FY 2000-01 to FY 2021-22 Income Tax Circulars

CBDT Releases Direct Tax Statistics from FY 2000-01 to FY 2021-22

Sujit Talukder Friday, April 14, 2023

CBDT vide a Press Release dated 13.04.2023 informed the Release of Direct Ta…

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CBDT Notifies Central Board of Secondary Education (CBSE) for Tax Exemption u/s 10(46) Income Tax Circulars

CBDT Notifies Central Board of Secondary Education (CBSE) for Tax Exemption u/s 10(46)

Sujit Talukder Tuesday, April 11, 2023

CBDT vide Notification No. 19/2023 and Notification No. 20/2023 both dated 10.…

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CBDT Notifies Greater Noida Industrial Development Authority for Tax Exemption u/s 10(46) Income Tax Circulars

CBDT Notifies Greater Noida Industrial Development Authority for Tax Exemption u/s 10(46)

Sujit Talukder Tuesday, April 11, 2023

CBDT vide Notification No. 18/2023 dated 10.04.2023 in S.O. 1687(E) notified …

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CBDT Notifies Cost Inflation Index (CII) for FY 2023-24 (AY 2024-25) Income Tax Circulars

CBDT Notifies Cost Inflation Index (CII) for FY 2023-24 (AY 2024-25)

Sujit Talukder Tuesday, April 11, 2023

CBDT notifies the Cost Inflation Index (CII) for the Financial Year 2023-24 v…

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CBDT Issues Order Extending Date for linking PAN with Aadhaar || PAN to be Inoperative from 1 July 2023 if not linked to Aadhaar Income Tax Circulars

CBDT Issues Order Extending Date for linking PAN with Aadhaar || PAN to be Inoperative from 1 July 2023 if not linked to Aadhaar

Sujit Talukder Thursday, April 06, 2023

CBDT has issued an Order dated 1st April 2023 and specified 1st July 2023 as …

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CBDT prescribed Procedure, format and standards for filling Form No. 15C or 15D for no-deduction of income-tax certificate under section 195 Income Tax Circulars

CBDT prescribed Procedure, format and standards for filling Form No. 15C or 15D for no-deduction of income-tax certificate under section 195

Sujit Talukder Thursday, April 06, 2023

The Directorate of Income-tax(Systems) vide Notification No. 01/2023 dated 29…

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CBDT Issues Clarification for TDS from Salary by Employer under default new tax regime u/s 115BAC Income Tax Circulars

CBDT Issues Clarification for TDS from Salary by Employer under default new tax regime u/s 115BAC

Sujit Talukder Thursday, April 06, 2023

CBDT has issued Circular No. 04/2023 dated 05.04.2023 to clarify that the emplo…

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Govt Clarifies ‘Sikkimese’ definition as per Amendment to section 10(26AAA) only for Income-tax Act Income Tax Circulars

Govt Clarifies ‘Sikkimese’ definition as per Amendment to section 10(26AAA) only for Income-tax Act

Sujit Talukder Thursday, April 06, 2023

The Ministry of Finance vide a Press Release dated 04.04.2023 has clarified …

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CBDT Notifies Bhadohi Industrial Development Authority for Tax Exemption u/s 10(46) Income Tax Circulars

CBDT Notifies Bhadohi Industrial Development Authority for Tax Exemption u/s 10(46)

Sujit Talukder Tuesday, April 04, 2023

CBDT vide Notification No. 16/2023 dated 01.04.2023 in S.O. 1585(E) notified …

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Finance Act, 2023 Notified after President Assent ll Download Finance Act 2023 Income Tax Circulars

Finance Act, 2023 Notified after President Assent ll Download Finance Act 2023

Sujit Talukder Saturday, April 01, 2023

The government notified the Finance Act, 2023 on 31st March 2023 after the sa…

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Govt Notifies Mahila Samman Savings Certificate, 2023 Income Tax Circulars

Govt Notifies Mahila Samman Savings Certificate, 2023

Sujit Talukder Friday, March 31, 2023

The government vide Notification No. G.S.R.237(E) dated 31.03.2023 has notif…

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