Category: Updates
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 …
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.
Explore CBIC's revised SOP for GST return scrutiny from FY 2019-20, featuring an automated ACES-GST module for risk-based analysis. Key timelines, processes, and compliance tips for taxpayers and officers.
Explore the updates in e-Waybill System relateing to de-enrolment for transporters, cancellation of common enrolment, login for cancelled taxpayers and implementation of 2FA.
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 …