Tag: Income Tax Rules
CBDT amends rules for furnishing declaration in Form 60 by person not having PAN Under clause (c) of sub section 5 of Section 139A, every person is required to quote such PAN in all documents pertaining to prescribed transactions entered into by him. Rule 114BA provides for quoting …
CBDT notifies Form 10-IFA for exercise of option u/s 115BAE by new manufacturing co-operative societies The Finance Act, 2023, w.e.f. 1-4-2024 has inserted section 115BAE to provide for tax @ 15 percent on income of certain new manufacturing co-operative societies subject to fulfillment of prescribed conditions. The assessee, …
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 …
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 …
Rule 17AA Books of account and other documents to be kept and maintained by Charitable Trusts/other Institution – CBDT Notification Section 12A related to eligibility of charitable trusts and/or Institutions has been amended. Clause (b) of sub-section (1) of section 12A by the Finance Act, 2022 had been …
Applicability of Transfer price under Rule 10TD declared by the assessee in respect of Safe Harbour transaction extended to AY 2021-22 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 117/2021 New Delhi, the 24th September, 2021 INCOME-TAX G.S.R. 661(E).—In exercise of the powers conferred by …
Income Tax Rule 9D- Calculation of taxable interest relating to contribution in a provident fund or recognised provided fund, exceeding specified limit CBDT vide Notification No. 95/2021 dated 31.08.2021 has notified the Income-tax (25th Amendment) Rules, 2021. They shall come into force on 1st day of April, 2022. …
All Audit Reports by CA & other Income Tax Forms to be filled electronically. Income-tax (21st Amendment) Rules, 2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 83/2021 New Delhi, the 29th July, 2021 (INCOME-TAX) G.S.R. 514(E).––In exercise of the powers conferred by …
CBDT notifies sovereign wealth fund (Norfund) Govt. of Norway as specified person for exemption u/s 10(23FE) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 33/2021 New Delhi, the 19th April 2021 (INCOME-TAX) S.O.1661(E).—In exercise of the powers conferred by sub-clause (vi) of …
CBDT amends conditions to be satisfied by the pension fund for claiming exemption u/s 10(23FE), amends Form 10BBA for making application for notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 32/2021 New Delhi, the 15th April, 2021 INCOME-TAX G.S.R. 274(E).—In exercise of …
