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.
Tag: CBDT
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.
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.
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.
Clarifications on Tax Compliance Issues of Charitable Trusts
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 Clarifications for TDS u/s 194BA on Winnings from Online Games
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 …
CBDT Clarification on Salary TDS under New Tax Regime: Income Tax Circular 4/2023
Ensure a smooth TDS process for salary income with CBDT's Circular 4/2023. Get a comprehensive overview of the new tax regime now!