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 …
IT Rule 11AA Amended: Effective Date of 80G Provisional Registration
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 Amends IT Rule 11UAC: Strategic Disinvestment Exclusion from Section 56(2)(x)
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.
GST Advance Ruling Denied for Non-Submission of Supporting Documents
The Andhra Pradesh Authority declined to provide an advance ruling on GST rate for logistics services by M/s Om Shree Maa Mangala Logistics to a foreign company due to …
CBDT Notifies Persons Exempted from Angel Tax Provisions
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.
CBIC’s Revisd SOP for Scrutiny of GST Returns (FY 2019-20 Onwards)
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.
Updates in e-Waybill System about Enrollment and 2FA
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.
DPIIT Recognized Startups Exempted from Angel Tax Provisions
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 …
Leave Encashment Exemption Limit Enhanced for Private Sector Employees
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.