Category: Income Tax
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.
Exploare the clarifications provided by CBDT in Circular 6/2023 on registration, approval processes and compliance issues in respect of charitable and religious trusts under Income-tax.
CBDT has issued clarifications/guidelines for removal of doubts of the online gaming platforms for compliance with requirements of TDS u/s 194BA on winnings, read with new IT Rule 133 …
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 …
ICAI has released the Handbook on FAQ's on Income from House Property under Income-tax Act, 1961 (February 2023), to comply with the provisions and procedures in a more objective …
ICAI has released the Handbook on Presumptive Taxation/Estimated Income Scheme under the Income-tax Act, 1961 (February 2023) for guidance of the Members to comply with the provisions and procedures. …