I-T Dept Clarifications on Inoperative PANs of NRIs & OCIs
NRIs and OCIs facing inoperative PAN issues can find solutions here. Discover how to update your residential status and avoid potential consequences.
Tag: CBDT
Amendments in Taxation of Non-residents for Off-Shore Investment via AIF
Explore the modifications introduced in CBDT Circular 12/2023, clarifying the taxability of income derived by non-resident investors from off-shore investments via an AIF.
CBDT’s FAQs/Clarifications on TCS for LRS & Overseas Tours
Explore the CBDT Circular 10/2023 on FAQs/Clarifications regarding TCS on Liberalised Remittance Scheme (LRS) and overseas tour packages.
Verification of SFT Reporting Entities by Income Tax Department
Discover how the Income-Tax Department is addressing non-compliance by conducting verifications on reporting entities, ensuring accurate financial transaction reporting.
CBDT Extends 26Q, 27Q & 27EQ Deadlines (Q1 of FY 2023-24)
CBDT has extended the deadline for submission of TDS/TCS statement in Forms 26Q, 27Q and 27EQ in respect of Q1 of FY 2023-24 providing relief to taxpayers.
CBDT Notifies Price Variation Tolerance Limits for ALP Determination (Transfer Pricing u/s 92C) for AY 2023-24
CBDT notifies tolerance limits for price variation in Arm's Length Price (ALP) determination for transfer pricing u/s 92C for Assessment Year 2023-24.
CBDT Amends IT Rules 2BB, 3, 5 and Inserts New IT Rule 21AGA
CBDT amends IT Rules 2BB, 3, 5 and inserts new IT Rule 21AGA along with Form 10-IEA, vide Notification 43/2023, with the goal of providing clarity and guidelines regarding …
CBDT Specifies Scope of the ‘e-Appeals Scheme, 2023’
CBDT has issued Order dated 16 June 2023 to specify/expand the scope of the 'e-Appeals Scheme, 2023'.
Cost Inflation Index (CII) for FY 2023-24: CBDT Notification
CBDT announxces new 'Cost Inflation Index (CII)' for FY 2023-24/ AY 2024-25 at 348, up from 331 announced earlier for FY 2022-23. Know more about CII!
Revised Monetary Limits: Refund/ Loss Carry Forward Claims Delay Condonation
CBDT notifies amended monetary limits for condonation of delay in claims for refund/ loss carry forward u/s 119(2)(b) of the Income Tax Act, 1961, vide Circular 7/2023, effective June …