CBDT Extends 26Q, 27Q & 27EQ Deadlines (Q1 of FY 2023-24)
CBDT has extended the deadline for submission of TDS/TCS statement in Forms 26Q, 27Q and 27EQ in respect of Q1 of FY 2023-24 providing relief to taxpayers.
Category: Income Tax
Implementation of Incerased LRS TCS Rates from October 1, 2023
Discover the recent updates to the Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS), providing clarity and flexibility for foreign remittances.
CBDT Notifies Price Variation Tolerance Limits for ALP Determination (Transfer Pricing u/s 92C) for AY 2023-24
CBDT notifies tolerance limits for price variation in Arm's Length Price (ALP) determination for transfer pricing u/s 92C for Assessment Year 2023-24.
How to File Income Tax Returns for Investors and Traders in the Indian Stock Market?
Gain insights on e-filing income tax returns for investors and traders in the stock market. Seek professional advice to navigate the complexities of stock market taxation and optimize your …
CBDT Amends IT Rules 2BB, 3, 5 and Inserts New IT Rule 21AGA
CBDT amends IT Rules 2BB, 3, 5 and inserts new IT Rule 21AGA along with Form 10-IEA, vide Notification 43/2023, with the goal of providing clarity and guidelines regarding …
CBDT Specifies Scope of the ‘e-Appeals Scheme, 2023’
CBDT has issued Order dated 16 June 2023 to specify/expand the scope of the 'e-Appeals Scheme, 2023'.
Cost Inflation Index (CII) for FY 2023-24: CBDT Notification
CBDT announxces new 'Cost Inflation Index (CII)' for FY 2023-24/ AY 2024-25 at 348, up from 331 announced earlier for FY 2022-23. Know more about CII!
Revised Monetary Limits: Refund/ Loss Carry Forward Claims Delay Condonation
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 …
IT Rules 46/46A, Form 35 Amended: Appeal before JCIT Enabled
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: Streamlining Income Tax Appeals
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 …