Tag: cbdt notification
CBDT notifies non-banking financial companies for the purpose of section 43D related to taxation of interest on bad or doubtful debts Section 43D of the of the Income Tax Act, 1961 (the Act) provides for the taxation of the interest income in relation to bad or doubtful debts …
Procedure to requisition services of Police/Govt. Official in search operation & reference to valuer CBDT has issued Notification No. 70/2023 dated 28.08.2023 prescribing a new Rule 13 for procedure to be followed for requisition of services of Police/Govt. Official in search operation & reference to valuer u/s 132 …
CBDT amends income tax rules for determining value of residential accommodation provided to the assessee by the employer CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer. The categorization and the limits of cities and population have now been based …
Telegraphic transfer buying rate to be rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency CBDT has amended income tax rule 26 to provide that telegraphic transfer buying rate shall be the rate of exchange for the purpose of …
Extension of Safe Harbour Rules to AY 2023-24 – Notification u/s 92CB. Income-tax 15th Amendment Rules 2023. CBDT has extended the benefit of Safe Harbour Rules to AY 2023-24. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 58/2023 New Delhi, the 9th August, 2023 INCOME-TAX …
Exemption from TDS u/s 194I for payments of lease rents to units of ship leasing companies in IFSC CBDT has issued Notification No. 57 of 2023 dated 1st August 2023 providing exemption from TDS u/s 194I for payments of lease rents to units of ship leasing companies in …
CBDT notifies Form 3AF for furnishing details of Preliminary Expenditure u/s 35D. The Income-tax (Fourteenth Amendment) Rules, 2023. In the Income Tax Rules 1962, a new Rule 6ABBB has been added related to form of statement to be furnished regarding preliminary expenses incurred under section 35D. The rule …
Amendment of Income tax Rules to include IFSC related proposals in Finance Act 2023 (Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 51/2023 New Delhi, the 18th July, 2023 G.S.R. 519(E).—In exercise of the powers conferred by clause (XI) of the proviso to clause (x) of sub-section …
Amendment in Income Tax Rules in view of IFSC related proposals in Finance Act 2023 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 50/2023 New Delhi, the 17th July, 2023 G.S.R. 514(E).— In exercise of the powers conferred by clause (i) of sub-section (3) of …
CBDT approves Patanjali Yog Peeth Nyas Delhi for its university at Haridwar for research in ‘Social Science or Statistical Research’ u/s 35 of Income Tax Act 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 44 /2023 New Delhi, the 23rd June, 2023 S.O. 2762(E).—In …
