CBDT Amends I-T Rule 26: Exchange Rate for TDS on Forex Payments
An overview of the CBDT's latest amendment to Income Tax Rule 26, outlining specified exchange rates for TDS on foreign currency payments.
Category: Updates
RBI Launches UDGAM: Centralised Portal for Unclaimed Bank Deposits
RBI's UDGAM portal, launched to assist public in finding and claiming unclaimed deposits across banks, to be fully operational by 15th October 2023.
CBDT Clarifications on Exemption u/s 10(10D): Receipts from Life Insurance Policies
CBDT clarifies applicability of exemption u/s 10(10D) in respect of receipts from Life Insurance Policies in different situations, vide Circular 15/2023.
ICAI Guidance Note 2023 on ‘Financial Statements of LLPs’
ICAI has released Guidance Note 2023 to standardize ‘Financial Statements of Limited Liability Partnerships (LLPs)’, for comprehensive financial reporting, from FY 2024-25.
ICAI Guidance Note 2023 on ‘Financial Statements of NCEs (Non Corporate Entities)’
ICAI issues Guidance Note 2023 to standardize "financial statements of non-corporate entities (NCEs)", for comprehensive financial reporting, except LLPs.
New I-T Rule 11UACA: Taxable Receipts from Life Insurance Policies
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.
CBDT Extends Transfer Pricing Safe Harbour Rules up to AY 2023-24
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.
Sub-Users’ Access to e-Invoices and E-Waybills Simplified
Learn how main users can grant access to generated invoices, enabling actions like viewing, canceling and generating e-Waybills, to simplify e-Invoice and e-Waybill management with enhanced access options for …
CBIC Notifies Special Procedure for E-Commerce Operators (Unregistered/Exempted Suppliers)
CBIC notifies Special Procedure for E-Commerce Operators regarding supplies made by Unregistered/Exempted Suppliers thru their platform, effective 01/10/2023, vide Central Tax Notification 37/2023.
CBIC Notifies Special Procedure for E-Commerce Operators (Composition Suppliers)
CBIC notifies Special Procedure for E-Commerce Operators regarding Composition Suppliers, effective October 1, 2023, vide Central Tax Notification 36/2023.