CBDT issues Income Tax Return Validation Rules for ITR-1, ITR-2 and ITR-4 for AY 2023-24
The Central Board of Direct Taxes has issued income tax returns validation rules for ITR-1, ITR-2 and ITR-4 for the Assessment Year 2023-2024. ...
![CBDT notifies Exemptions to Startups on Income Tax Chargeable u/s 56(2)(viib) of Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-notifies-Exemptions-to-Startups-on-Income-Tax-Chargeable-Income-Tax-Act-TAXSCAN.jpg "CBDT notifies Exemptions to Startups on Income Tax Chargeable u/s 56(2)(viib) of Income Tax Act [Read Notification]")
![CBDT notifies Income Tax Exemption u/s 10(46) for Specified Income of FSSAI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-notifies-Income-Tax-Exemption-us-1046-Specified-Income-FSSAI-TAXSCAN.jpg "CBDT notifies Income Tax Exemption u/s 10(46) for Specified Income of FSSAI [Read Notification]")
Telangana HC allows amalgamated company to file Income Tax Returns Manually in absence of order of Condonation of Delay by competent authority
A Division Bench of Telangana High Court quashed the order of the income tax authority disallowing the petitioner’s request to file returns manually The bench of Chief Justice Ujjal Bhuyan and...
Employer Contribution u/s 43B of Income Tax Act is allowable if Payment is done Before Filing of Returns u/s 139(1): ITAT quashes Addition [Read Order]
The employer's contribution under Section 43B of the Income Tax Act, 1961 is acceptable if the payment is made prior to the filing of returns, according to a recent decision by the Income Tax...
![Employer Contribution u/s 43B of Income Tax Act is allowable if Payment is done Before Filing of Returns u/s 139(1): ITAT quashes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Employer-Contribution-income-tax-act-payment-filing-of-returns-ITAT-Taxscan.jpg "Employer Contribution u/s 43B of Income Tax Act is allowable if Payment is done Before Filing of Returns u/s 139(1): ITAT quashes Addition [Read Order]")
Delhi HC stays Proceedings under Black Money Act to Examine Validity of Retrospective Application [Read Order]
The Delhi High Court stayed the proceedings under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 to examine the validity of the retrospective application. ...
![Delhi HC stays Proceedings under Black Money Act to Examine Validity of Retrospective Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Delhi-High-Court-Black-Money-Act-Black-Money-Retrospective-Application-Taxscan.jpg "Delhi HC stays Proceedings under Black Money Act to Examine Validity of Retrospective Application [Read Order]")
No Assessment shall be framed on basis of “Base Note” if assessee signed “Consent Waiver Form”: ITAT sets aside Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no assessment should be framed on the basis of Base Note if assessee signed Consent Waiver Form....
![No Assessment shall be framed on basis of “Base Note” if assessee signed “Consent Waiver Form”: ITAT sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Base-Note-Consent-Waiver-Form-ITAT-Taxscan.jpg "No Assessment shall be framed on basis of “Base Note” if assessee signed “Consent Waiver Form”: ITAT sets aside Order [Read Order]")
![CBDT notifies Provisional Cost Inflation Index (CII) for FY 2023-24 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/04/CBDT-Cost-Inflation-Index-CII-taxscan.jpg "CBDT notifies Provisional Cost Inflation Index (CII) for FY 2023-24 [Read Notification]")