CBDT AMENDS RULE 17CB TO REPLACE THE WORDS ” TRUST OR INSTITUTION” WITH SPECIFIED PERSON CBDT amends rule 17CB to replace words ‘trust or
BOOKS OF ACCOUNTS TO BE MAINTAINED BY CHARITABLE INSTITUTIONS INTRODUCTION: Charity is a voluntary help either in money or kind to the needy. Collective efforts
ATAL PENSION YOJANA: TAXPAYERS CANNOT JOIN THIS SCHEME W.E.F 1st OCTOBER 2022 Atal Pension Yojana, launched on 9th May 2015, is a Government of India
CBDT REDUCES TIME LIMIT FOR VERIFYING INCOME TAX RETURN What is ITR-V? ITR-V stands for ‘Income Tax Return – Verification’ form. Income Tax Department
IMPORTANCE OF FILING INCOME TAX RETURN What’s an ITR? ITR stands for Income Tax Return. A form you have to submit to the Income Tax
MCA NOTIFIES PENALTY FOR NON-COMPLIANCE WITH NFRA RULES Overview of National Financial Reporting Authority (NFRA), Rules 2018 MCA has introduced National Financial Reporting Authority Rules,
CBDT ISSUES GUIDELINES UNDER SECTION 194S(6) Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes(TPL Division) File No. F. No.
CBDT ISSUES NEW GUIDELINES ON TDS UNDER SECTION 194R Union Budget 2022, a new TDS section 194R, has been proposed in the Finance Bill 2022,
SENIOR CITIZEN NOT HAVING BUSINESS INCOME EXEMPT FROM ADVANCE TAX As per section 208 every person whose estimated tax liability for the year exceeds Rs.
CBDT ISSUES CLARIFICATION REGARDING FORM NO 10AC Finance Act, 2022 has inserted sub-section (4) in section 12AB of the Income-tax Act, 1961 (the Act) allowing
