Responding to representations received, CBDT has further extended the deadline for filing Form 10A (Provisional registration) and Form 10AB (Permanent Registration) to 30th June, 2024. The Central Board of Direct Taxes (CBDT) has issued Circular No. 07/2024 dated 25.04.2024, extending …
Circular No. 6/2024 dated 23 April 2023 In a significant update, the Central Board of Direct Taxes (CBDT) has issued Circular No. 6/2024 dated April 23, 2024, stating that deductors/collectors won’t be held liable for short deductions/collections of tax until …
CBDT Notification No. 39/2024 Dated 22 April 2024 In a recent development, the Central Board of Direct Taxes (CBDT), introduces pivotal changes to the Income-tax Act, 1961 vide its Notification No. 39/2024 Dated 22nd April, 2024. This notification reshapes the …
CBDT clarifies that apprehensions about retrospective taxation and re-opening of cases on issues pertaining to HRA claims is completely baseless In a recent press release dated April 8, 2024, the Central Board of Direct Taxes (CBDT) has addressed and dismissed …
According to a press release of Ministry of Finance Dated 4 April 2024, the Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Return (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) …
CBDT Notification No. 2/2024 dated 31 March 2024 In a recent update on March 31, 2024, the Central Board of Direct Taxes (CBDT) has issued Notification No. 2 of 2024 to provide clarity on the verification of income tax returns …
CBDT Notification No.37/2024 dated 27 March 2024: Income Tax (Fifth Amendment) Rules 2024 The Central Board of Direct Taxes (CBDT), vide its Notification No. 37 of 2024 dated 27th March 2024, notifies about the amendments brought in the Income Tax …
CBDT Notification 33/2024: Amendment in Existing Convention Between India & Spain Pertaining to Taxation of Royalties & Fees on Technical Services (FTS) The Government of India (GOI), vide its Notification 33/2024 dated 19th March 2024, has introduced favorable adjustments in …
CBDT Notification 34/2024 Dated 19 March 2024 In a new update, the Central Board of Direct Taxes (CBDT), through its Notification No. 34/2024 dated 19 March 2024, has issued a correction notice regarding its Notification No. 27/2024 dated March 5, …
The circular emphasizes the decision of Departmental appeals to be based on Merits of the case, aiming to reduce unnecessary litigation. In its latest Circular No. 5/2024 dated March 15, 2024, the Central Board of Direct Taxes (CBDT) has introduced …
While the 2021 guidelines had listed five situations, the new guidelines have retained four of those, with the addition of replacing the condition related to refunds of ₹1 lakh. The Income Tax Department has introduced fresh guidelines aimed at priority …
CBDT Notification 28/2024 Dated 8 March 2024: No TDS to be deducted from Specified payments made by any person to a Unit of International Financial Services Centre (IFSC) In a recent development on March 8, 2024, the Central Board of …
CBDT has decided to retrospectively extend the due date for filing Form No. 26QE to 30 May 2023 for cases where tax was deducted under section 194S between 1st July 2022 and 28th February 2023. The fees and interest levied …
CBDT Notification 27/2024 dated 5 March 2024: Income Tax (Fourth Amendment) Rules 2024 LISTEN THE NOTIFICATION HERE: The Central Board of Direct Taxes, exercising its powers under sections 295, 44AB, and 92E of the Income-tax Act, 1961, has introduced the …
CBDT Circular No. 3/2024 Dated 6th March 2024: Eligible donations made by a trust or institution will now be considered as an application for charitable or religious purposes only to the extent of 85% of such donations. LISTEN THE CIRCULAR …
CBDT Circular No. 2/2024 dated 5 March 2024: Time Extension for Trusts or Institutions to rectify Audit reports of AY 2023-24 on or before 31 March 2024 by using correct form 10B/10BB as prescribed. Listen the Circular: For funds, institutions, …
According to CBDT Order Dated 1 march 2024, all electronically filed valid returns for AY 2021-22 with refund claims, for which the date of sending intimation has lapsed, can now be processed. In a recent development, the Central Board of …
CBDT Notification No. 22/2024 Dated 21 February 2024: Corrigendum to Notification 19/2024 Bringing Further Changes in ITR Form 2, 3 & 5 The Central Board of Direct Taxes (CBDT) issued Notification No. 22/2024 on Dated 21 February 2024, as a …
Learn about the announcement by the Central Board of Direct Taxes (CBDT) where taxpayers with pending tax demands up to Rs.1 Lakh can benefit from remission and extinguishment of their tax liabilities In a recent move aimed at providing relief …
CBDT Press Release about Release of Almost all ITR Forms for FY 2023-24 In a recent press release on February 2, 2024, the Central Board of Direct Taxes (CBDT) has officially announced the release of all Income Tax Return (ITR) …