Amendments of the Income-Tax Act, 1961 carried out through Finance Act 2023: CBDT Circular No. 1/2024 dated 23.01.2024 CIRCULAR NO. 1/2024 F. No. 370142/38/2023 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) **** Dated the 23rd of January, 2024 EXPLANATORY CIRCULAR CIRCULAR EXPLAINING THE PROVISIONS OF THE FINANCE ACT,…
Income-tax (Thirtieth Amendment) Rules, 2023 – Form ITR-1 SAHAJ for AY 2024-25: CBDT Notification No. 105/2023 dated 22.12.2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd December, 2023 G.S.R. 908(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act,…
Deduction of Income Tax on Medical Reimbursement: Requisition of information under the RTI Act, 2005 OFFICE OF THE PRINCIPAL CHIEF COMMISSIONER OF INCOME TAX, UP(East] PRATYAKSH KAR BHAWAN 57, RAM TIRATH MARG, LUCKNOW- 226 001 F.No.Pr.CCIT/Tech. /Lko/RTI/2019-20/2023-24 Dated: 27.10.2023 To The CPIO/Dy. Commissioner of Income Tax (Hq.)(Admn.), O/o The Pr. Chief Commissioner of Income Tax…
Benefits for Senior Citizens and Super Senior Citizens under Income-tax Act,1961: e-Brochure by Income Tax Department Income Tax Department Central Board of Direct Taxes BENEFITS UNDER DIRECT TAXES FOR SENIOR CITIZENS AND SUPER SENIOR CITIZENS ⇒ Who is a Senior Citizen and a Super Senior Citizen? At any time during the relevant financial year: Individual…
Processing of returns with refund claims under section 143(1) of the Income-tax Act, 1961 beyond the prescribed time limits in non-scrutiny cases: CBDT Order under section 119 of the Income-tax Act, 1961 F. No.225/132/2023/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** North Block, the 16 October, 2023…
Option under Income Tax Section 115BAC – Old vs. New Tax Regime: CPWD Circular dated 09.10.2023 Directorate General Central Public Works Department Nirman Bhawan, New Delhi (Cash Section) Dated 09.10.2023 CIRCULAR Section 115BAC of the Income Tax Act, 1961 inserted by the Finance Act 2020 has introduced a new income tax regime that comprises a…
Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso of Rule 28AA of Income Tax Rules, 1962, for deduction of Income-tax at any lower rate or no deduction of Income-tax under sub-section (1) of section 197 of the Income-tax Act, 1961 through TRACES F. No. CPC(TDS)/…
Clarification / guidelines regarding deduction of TDS on payment of PLI/RPLI policies, as applicable, under section 194DA of IT Act’ 1961: Department of Posts Order dated 22.09.2023 F. No. 65-02/2023-LI Govt. of India Ministry of Communications Department of Posts Directorate of Postal Life Insurance Chanakyapuri PO Complex, New Delhi — 110 021. Dated 22.09.2023 To…
Bank Account Validation Status for Refund – Income Tax Message dated 13.09.2023 Check Bank A/c validation Status For Refund. Has your bank merged with another bank? Has your bank branch changed? Has your bank account number changed? Has Your name in Bank Account changed? Has your bank account closed or become inactive? Has IFSC Code…
Income tax (Eighteenth Amendment), Rules, 2023 – Valuation of residential accommodation provided by the employer: CBDT Notification dated 18.08.2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th August, 2023 INCOME-TAX G.S.R. 615(E).—In exercise of the powers conferred by sub-clause (i) and Explanation to sub-clause (2) of section…
Income-tax (Seventeenth Amendment) Rules, 2023 – Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th August, 2023 INCOME-TAX G.S.R. 607(E).—In exercise of the powers conferred by section 295 of the…
Guidelines under clause (10D) of section 10 of the Income-tax Act, 1961 – Income-tax exemption on any sum received under a life insurance policy: CBDT Circular No. 15 of 2023 dated 16.08.2023 Circular No. 15 of 2023 F. No.370142/28/2023-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) **** Dated…