Income Tax

Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso of Rule 28AA of Income Tax Rules, 1962 The Government of India, Ministry of Finance, Central Board of Direct Taxes, Directorate … [Read more...] about Application Procedure under Rule 28AA of Income Tax Rules, 1962

Check Bank A/c validation Status For Refund Check Bank A/c validation Status For Refund. Has your bank merged with another bank? Has your bank branch changed? Has your bank account number changed? Has Your name in Bank Account … [Read more...] about Verifying Bank Account Validation Status for Refund

Central Board of Direct Taxes' Rule Revision The Ministry of Finance, through the Central Board of Direct Taxes, has issued a notification on August 17, 2023, pertaining to amendments in the Income-tax Rules, 1962. The amendment, designated as the … [Read more...] about Amendment of Income-tax Rules for Deduction of Tax on Foreign Currency Income

Income Tax Amendment (Sixteenth Amendment) Rules, 2023 On August 16, 2023, the Ministry of Finance, in collaboration with the Department of Revenue and the Central Board of Direct Taxes, issued a notification, G.S.R. 604(E), exercising authority … [Read more...] about Computation of Income under Clause (xiii) of Sub-section (2) of Section 56

Guidelines under clause (10D) of section 10 of the Income-tax Act, 1961 Circular No. 15 of 2023, issued by the Ministry of Finance, presents updated guidelines pertaining to clause (10D) of section 10 within the Income-tax Act of 1961. This clause … [Read more...] about Circular No. 15 of 2023: Income Tax Act Amendments – Section 10D Guidelines

Review of MACP for Officials Ignoring Promotion to OS/Steno Grade-I after 01.01.2006 The Office of the Pr. Chief Commissioner of Income Tax for Andhra Pradesh & Telangana, located in Hyderabad, has issued a communication to all Drawing and … [Read more...] about Withdrawal of MACP Grant and Subsequent Recovery

Ministry of Finance - Department of Revenue - Central Board of Direct Taxes Notification Ministry of Finance, Department of Revenue, Central Board of Direct Taxes issues the Income-tax (Thirteenth Amendment) Rules, 2023, in exercise of powers … [Read more...] about Income-tax (13th Amendment) Rules, 2023 – Amendment to the Income-tax Rules, 1962