Tag: cbdt notification

Approval u/s 80G for new cases to be effective from previous year in which application is made   MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 34/2023 New Delhi, 30th May, 2023 INCOME-TAX G.S.R.399(E).—In exercise of the powers conferred by clauses (i), (ii), (iii) and (iv) …

Exemption limit of Leave Salary Encashment u/s 10(AA) of employees other than Central/State Government Employees notified as Rs. 25 Lakhs w.e.f. 01.04.2023 Increased limit for tax exemption on leave encashment for non-government salaried employees notified The tax exemption on leave encashment of non-government salaried employees (in respect of …

CBDT notifies class of persons investment by whom not covered under Angel Tax u/s 56(2)(viib)  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No.30/2023 New Delhi, the 24th May, 2023 S.O. 2275(E).—In exercise of the powers conferred by clause (ii) of the first proviso to clause …

CBDT has notified new Income Tax Rule 133 for furnishing details of TDS u/s 194BA in quarterly TDS Statements . Salary Certificate Form 16 revised form AY 2024-25  The CBDT has notified the Income-tax (Fifth Amendment) Rules, 2023 prescribing furnishing details of TDS u/s 194BA in the quarterly …

CBDT approves National Institute of Design, Ahmedabad under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ u/s 35(1)(ii) of the Income-tax Act, 1961  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 23/2023 New Delhi, the 21st April, 2023 S.O. 1831(E).—In exercise of …

CBDT amends notification of Special Courts under Income Tax Act and Black Money Act for the State of Tamil Nadu  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(Investigation Division-V) Notification No. 13/2023 New Delhi, the 14th March, 2023 S.O. 1223(E).—In exercise of the powers conferred by sub-section …

CBDT exempts income of Insolvency and Bankruptcy Board of India u/s 10(46) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 09/2023 New Delhi, the 1st March, 2023 S.O. 947(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 …

CBDT amends rules and Form No. 10B of audit report of charitable trust/Institution.  Income-tax Amendment (3rd Amendment) Rules, 2023 Under Rule 17B of the Income Tax Rules 1962, audit report of the accounts of a charitable trust or institution registered under section 12A is to be filed in …

CBDT notifies Income Tax Return Forms for AY 2023-24 CBDT has issued two notifications for notifying the formats of Income Tax Return and Acknowledgment for the Assessment Year 2023-24 (Financial Year 2022-23) Income Tax Return Notification ITR-7 For persons including companies required to furnish return under sections 139(4A) …

Centralised Processing of Equalisation Levy Statement Scheme, 2023 in respect of processing of the EqualisationLevy Statements   MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 03/2023 New Delhi, the 7th February, 2023 INCOME-TAXS   O.614(E).—In exercise of the powers conferred by sub-section (2) of section …