Deposit Date Notification For Free

15/2023 dated March 28, 2023 has substituted Rule 114AAA to notify consequences that shall apply if a Permanent Account Number (?PAN?) becomes inoperative due to non-linking with Aadhaar. The consequences include no refund, no interest payable on refunds, and higher?

Circular 14 (XL ? 35) of 11th April, 1955 requires AO to bring to the notice of the assessee the deductions and reliefs available but not claimed.

3/2023 dated 28.03. 2023 has clarified the consequences of failure to link PAN with the Aadhaar in ance with the new substituted Rule 114AAA notified by Notification No. 15/2023 dated 28.03. 2023 shall take effect from 1st July 2023 and shall remain in force till the PAN becomes operative.

The Circular prescribed comprehensive guidelines on the conditions and procedure to be followed for deciding applications for condonation of delay in filing Returns of Income (RsOI) claiming refund and RsOI claiming carry forward of loss and set- off thereof under section 119(2)(b) of the Income-tax Act, 1961.

CBDT issues Notification No. 31/2023 dt 24.05. 2023 increasing limit for tax exemption on leave encashment for non-government salaried employees to Rs. 25 lakh w.e.f. 01.04.

04/2023 dated regarding the realignment of RoDTEP Schedule w.e.f. consequent to amendments made under Finance Bill, 2023. The details of HS codes as in Para above along with RoDTEP rates/value caps are available at the DGFT portal .dgft.gov.in under the link 'Regulatory Updates >RoDTEP'.

7/2023 dated 21 February 2023 (Notification) issued by the Central Board of Direct Taxes (CBDT), which substitutes the existing rules under the Income Tax Laws (ITL). These rules prescribe the revised audit reports for reporting by charitable institutions and are effective from 1 April 2023.

10AA Exemption Limit The amount of deduction available under this existing section is as follows: 100% of the profit coming from export is entitled to tax deduction for the first 5 consecutive years. 50% of the export profit is entitled to deduction for the next 5 years.

03/2023-Income Tax dated February 7, 2023 has notified 'the Centralised Processing of Equalisation Levy Statement Scheme, 2023' w.r.t. processing of the Equalisation Levy Statements furnished by the assessee or E-Commerce Operator (?ECO?) under Section 167 of the Income Tax Act, 1961 (?the IT Act?) i.e. furnishing of ...

7/2023 dated February 21, 2023 notified new Forms 10B and 10BB that are required to be furnished by charitable or religious trusts, institutions, universities, or other educational institutions under sections 10(23C) and 12A of the Income Tax Act, 1961 (?the IT Act?) with effect from April 01, 2023.