Category: Income Tax
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 …
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 …
NRIs need to be cautious while filing their tax returns in India, as the taxman is scrutinizing their transactions and suspecting due taxes may not have been paid. Ensure …
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. …
ICAI has published the “Handbook on Disallowance of Expenses under the head Income from Business and Profession”, to provides guidance to the members in making proper computation of income …