![CBDT notifies Income Tax Exemption u/s 10(46) for Punjab Building and Other Construction Welfare Board and DMF Trust [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/08/CBDT-notifies-Income-Tax-Exemption-CBDT-Income-Tax-Exemption-Punjab-Building-and-Construction-Welfare-Board-DMF-Trust-taxscan.jpg "CBDT notifies Income Tax Exemption u/s 10(46) for Punjab Building and Other Construction Welfare Board and DMF Trust [Read Notification]")
CBDT notifies Income Tax Exemption u/s 10(46) for Punjab Building and Other Construction Welfare Board and DMF Trust [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notifications number S.O. 3777(E) and S.O. 3776(E) issued on 23rd August 2023 has notified the income...
![CBDT notifies rules for Valuing Rent-Free Accommodation Provided by Employers to Employees w.e.f September 1st 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/08/CBDT-Rent-Free-Accommodation-Provided-by-Employers-to-Employees-Rent-Free-Accommodation-Employers-Employees-CBDT-notifies-rules-for-Valuing-Rent-Free-Accommodation-taxscan.jpg "CBDT notifies rules for Valuing Rent-Free Accommodation Provided by Employers to Employees w.e.f September 1st 2023 [Read Notification]")
Tax Effect Less than Threshold Limit Fixed by CBDT: Calcutta HC Dismisses Appeal by Income Tax Department [Read Order]
The Calcutta High Court dismissed an appeal by the Income Tax Department as the tax effect was less than the threshold limit fixed by the Central Board of Direct Taxes (CBDT). The present case is...
![Tax Effect Less than Threshold Limit Fixed by CBDT: Calcutta HC Dismisses Appeal by Income Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Tax-Effect-Less-Threshold-Limit-Fixed-by-CBDT-Calcutta-HC-Dismisses-Appeal-by-Income-Tax-Department-TAXSCAN.jpg "Tax Effect Less than Threshold Limit Fixed by CBDT: Calcutta HC Dismisses Appeal by Income Tax Department [Read Order]")
Relief to Max Life Insurance: Delhi HC directs Income Tax Dept to Refund Rs 221 Crores of Excess Outstanding Demand [Read Order]
In a major relief to Max Life Insurance Company Limited, the Delhi High Court directed the Income Tax Department to refund excess outstanding demand of Rupees 221 crores. The petitioner prayed...
![Relief to Max Life Insurance: Delhi HC directs Income Tax Dept to Refund Rs 221 Crores of Excess Outstanding Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Relief-to-Max-Life-Insurance-Max-Life-Insurance-Delhi-High-Court-Income-Tax-Department-Refund-Excess-Outstanding-Demand-Outstanding-Demand-Demand-Income-Tax-Dept-to-Refund-Rs-221-Crores-Taxscan.jpg "Relief to Max Life Insurance: Delhi HC directs Income Tax Dept to Refund Rs 221 Crores of Excess Outstanding Demand [Read Order]")
CBDT notifies Extension of Safe Harbour Rule u/s 92CB of Income Tax Act for Acceptance of Transfer Pricing Declared by Assessee [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification number G.S.R. 595(E) issued on 9th August 2023 has notified the Income-tax (Fifteenth Amendment) Rules, 2023 and the extension of safe...
![CBDT notifies Extension of Safe Harbour Rule u/s 92CB of Income Tax Act for Acceptance of Transfer Pricing Declared by Assessee [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/08/CBDT-notifies-Extension-of-Safe-Harbour-Rule-Income-Tax-Act-Income-Tax-Extension-of-Safe-Harbour-Rule-Transfer-Pricing-Declared-by-Assessee-taxscan.jpg "CBDT notifies Extension of Safe Harbour Rule u/s 92CB of Income Tax Act for Acceptance of Transfer Pricing Declared by Assessee [Read Notification]")
CBDT Issues SoP on Recomputation of Total Income of Co-operative Society engaged in Sugar Manufacturing Business [Read Circular]
The Central Board of Direct Taxes (CBDT) issued Standard Operating Procedure (SOP) for making application for recomputation of total income of a co-operative society engaged in the business of...
CBDT Clarifies accounts in Gratuity Fund fulfilling conditions in Rule 114F(5) of Income Tax Rules shall be Treated as Excluded Accounts
The Central Board of Direct Taxes (CBDT) issued the clarification in respect of Rule 114F(5) of Income Tax Rules, 1962. The board has covered the treatment of the gratuity fund, Treaty Qualified...
CBDT issues Circular Condoning Delay for Claiming Deduction u/s 80P for A.Y. 2018-19 to A.Y. 2022-23 [Read Circular]
The Central Board of Direct Taxes (CBDT) vide circular number 13/2023 issued on 26th July 2023 condemned the delay for claiming the deduction under Section 80P for the Assessment years 2018-19 to...
Average time for ITR Processing is 16 days; More than 42% ITRs Processed in 1 day Compared to Last Fiscal year : CBDT Chairman
On July 24, 2023, the 164th Income Tax Day was commemorated with a special event. The Union Finance Minister inaugurated the function at 6 pm, which was graced by the presence of various dignitaries...
