Guidlines under sub-section(4) of Section 194-O of Income Tax Act, 1961
Finance Act, 2020 has Inserted section 194O in the Act Mandating that an e-commerce operator(ECO) shall deduct the income tax at the rate of one per cent of the Gross…
Sample Notification 5: CBDT issues guidelines for e-filing of Form 15CA/CB (Notification No. 77/2023-Income Tax, Date: 12/09/2023)
In a significant development, the Central Board of Direct Taxes (CBDT) has released detailed guidelines regarding the electronic filing (e-filing) of Form 15CA and Form 15CB. Notification No. 77/2023-Income Tax,…
Sample Notification 4: Extension of due date for filing TDS returns (Notification No. 78/2023-Income Tax, Date: 15/09/2023)
The Central Board of Direct Taxes (CBDT) has issued Notification No. 78/2023-Income Tax on September 15, 2023, announcing the extension of the due date for filing Tax Deducted at Source…
Notification 3: CBDT notifies ‘Clean Energy Investment Fund’ under section 10(46) (Notification No. 79/2023-Income Tax, Date: 18/09/2023)
In a notification dated September 18, 2023, the Central Board of Direct Taxes (CBDT) has notified the 'Clean Energy Investment Fund' under Section 10(46) of the Income Tax Act. This…
Sample Notification 2: Amendment to Section 44AD for Presumptive Taxation Scheme (Notification No. 80/2023-Income Tax, Date: 21/09/2023)
The Central Board of Direct Taxes (CBDT) has introduced amendments to Section 44AD of the Income Tax Act in a notification (No. 80/2023-Income Tax) dated September 21, 2023. Section 44AD…
Sample Notification 1: CBDT extends due date for filing ITR for AY 2023-24 (Notification No. 81/2023-Income Tax, Date: 25/09/2023)
The Central Board of Direct Taxes (CBDT) has issued a notification (No. 81/2023-Income Tax) on September 25, 2023, to extend the due date for filing Income Tax Returns (ITR) for…