ITR Refund Update: More than 2.45 crore Refunds Issued
In a press release dated September 5, 2023, the Central Board of Direct Taxes (CBDT) has affirmed its dedication to expeditiously handling income tax...
![Central Govt exempts E-Governance Society, Department of Food, Civil Supplies and Consumer Affairs of Himachal Pradesh from Income Tax u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/09/Central-Govt-exempts-E-Governance-Society-Department-of-Food-Civil-Supplies-E-Governance-Society-Consumer-Affairs-of-Himachal-Pradesh-from-Income-taxscan.jpg "Central Govt exempts E-Governance Society, Department of Food, Civil Supplies and Consumer Affairs of Himachal Pradesh from Income Tax u/s 10(46) [Read Notification]")
![CBDT notifies Rectification in Income Tax Rules Valuing Rent-Free Accommodation Provided by Employers to Employees [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/08/CBDT-notifies-Rectification-in-Income-Tax-Rules-Valuing-Rent-Free-Accommodation-Provided-by-Employers-to-Employees-TAXSXCAN.jpg "CBDT notifies Rectification in Income Tax Rules Valuing Rent-Free Accommodation Provided by Employers to Employees [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 tax exemption under Section 10(46) of the Income...
![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]")
Three Days Delay in Depositing Tax Arrears Due to Sickness: Allahabad HC Condones Delay [Read Order]
The Allahabad High Court condoned the three days delay in depositing tax arrears due to sickness. The petitioner, Digvendra Pratap Singh challenged the order passed by respondent No.3 by which the...
CBDT Notifies Income Tax Exemption u/s 10(46) for Urban Improvement Trust of Udaipur [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification S.O. 3666(E) issued on 16th August 2023 has notified the income tax exemption for the Urban Improvement Trust of Udaipur under Section...
CBDT notifies rules for Valuing Rent-Free Accommodation Provided by Employers to Employees w.e.f September 1st 2023 [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification no. G.S.R. 615(E) has notified the rules for valuing rent-free accommodation provided by the employers to employees on 18th August 2023. ...
![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]")
CBDT inserts new Rule 11UACA for Computation of Income Chargeable to Tax u/s 56(2)(xiii) for amount Received under Life Insurance Policy [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification number G.S.R. 604(E) issued on 16th August 2023 has inserted a new Rule 11UACA in Income Tax Rules, 1962 for the Computation of Income...
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]")