-
Section 10(46) Income Tax Exemption for Chennai Metropolitan Water Supply & Sewerage Board
The Ministry of Finance, through the Central Board of Direct Taxes, has issued Notification No.10/2024 on 8th January, 2024, under the powers of section 10(46) of the Income-tax Act, 1961. This notifi...
-
PFRDA’s Proposed Amendments: Stakeholder Comments & Responses
Introduction: The PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (PFRDA) has received public comments on proposed amendments to the “Redressal of Subscriber Grievance” Regulations, 2015. This artic...
-
Ambiguity of Trust provisions under Income Tax Act: CAAS Surat Raises Concerns
Introduction: In a representation addressed to the Chairman, Central Board of Direct Taxes (CBDT), the Chartered Accountants Association, Surat (CAAS), brings attention to the ambiguity surrounding Tr...
-
Section 10(46) Income Tax Exemption for Polavaram Project Authority
Introduction: The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, has issued Notification No. 9/2024 – Income Tax, dated January 5, 2024. This notification pertains to the P...
-
Section 10(46) Income Tax Exemption for Haryana State Board of Technical Education
Introduction: The Ministry of Finance, through the Central Board of Direct Taxes, has issued Notification No. 8/2024 on Income Tax, dated 5th January, 2024. This notification specifically pertains to...
-
Section 10(46) Income Tax Exemption for Karmayogi Bharat
Introduction: The Ministry of Finance, through the Central Board of Direct Taxes, has issued Notification No. 7/2024 on Income Tax, dated 5th January, 2024. This notification grants tax exemptions to...
-
Section 10(46) Income Tax Exemption for District Legal Service Authority UT Chandigarh
Introduction: The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 6/2024 -Income Tax on 5th January, 2024. This notification grants income tax exempt...
-
CAIT Urges Swift Implementation of E-commerce Rules under Consumer Protection Act
Introduction: In a compelling plea addressed to Prime Minister Narendra Modi, the Confederation of all India Traders (CAIT) highlights the urgent need for the early rollout of the E-commerce Policy an...
-
E-Way Bill Changes: Mandatory e-Invoice Link from March 2024
Blocking the generation of E-Way Bill without e-Invoice/IRN details for B2B and B2E transactions for e-invoice enabled tax payers will be done from 1st March 2024. National Informatics Centre Blocking...
-
Reporting of 4/6 digit HSN in e-Waybill from 1st February 2024
Introduction: The National Informatics Centre (NIC) has issued a crucial advisory regarding the E-Way Bill System, specifically addressing the use of Harmonized System of Nomenclature (HSN) codes. Thi...
-
Corrigendum to Notification for Stichting Pension funds under section 10(23FE)
The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, has released a significant update through Notification No.5/2024 Corrigendum, dated January 4, 2024. This amendment revis...
-
Income Tax Notification on Non-Resident Investment in Financial Products
Introduction: The Ministry of Finance, through the Central Board of Direct Taxes, has issued a significant notification under clause (4G) of section 10 of the Income Tax Act, 1961. Dated January 4, 20...
-
EPFO Extends Deadline for Employers: Upload Pension on Higher Wage Details
Introduction: The Ministry of Labour & Employment, through the Employees’ Provident Fund Organization (EPFO), has announced a significant extension for employers. The extension pertains to the deadlin...
-
SC issues Notice to to Finance Ministry on GST Return Revision Option on Portal
Pradeep Kanthed Vs. Union of India and Ors (Supreme Court of India) Introduction: The Supreme Court of India, in the case of Pradeep Kanthed v. Union of India and Ors [Writ Petition (Civil) No. 1006/2...
-
Exemption from specified income U/s 10(46): Madhya Pradesh Professional Examination Board, Bhopal
Introduction: The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes has issued Notification No. 3/2024-Income Tax on January 2, 2024. This notification pertains to the exemptio...
-
Exemption from specified income U/s 10(46): Karnataka State Rural Livelihood Promotion Society
Introduction: The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, has issued Notification No. 2/2024- Income Tax on January 2, 2024. This notification pertains to the taxati...
-
Exemption from specified income U/s 10(46): ‘Bellary Urban Development Authority’
Introduction: The Ministry of Finance, Department of Revenue, through the Central Board of Direct Taxes, has issued Notification No. 1/2024- Income Tax on 2nd January 2024. This notification pertains...
-
MSME Delayed Payments: Call for Rationalized Disallowance in Income Tax Act
On January 3, 2024, the All Gujarat Federation of Tax Consultants (AGFTC) and Income Tax Bar Association (ITBA) jointly addressed a letter to Hon’ble Finance Minister Smt. Nirmala Sitharaman, expressi...
-
SoP for Determination of Net Quantity in Packaged Edible Oils and Fats
Introduction: The Legal Metrology rules play a crucial role in ensuring fair trade practices, especially in the food industry. This article delves into the specific guidelines issued by the Department...
-
Electoral Bonds Sale: SBI Authorised Branches, Jan 2-11, 2024
Introduction: The Ministry of Finance, in collaboration with the State Bank of India (SBI), has announced the sale of Electoral Bonds through 29 designated branches. Commencing from January 2 to Janua...