The Circular 6 of 2023 dt 24 May, 23 provides clarification on provisions related to charitable and religious trusts under the Income-tax Act, 1961. It outlines the amended provisions related to the registration and approval of trusts and extends the due date for making an application for registration/approval in certain cases. The circular also extends …
Clarification on Provisions for Charitable and Religious Trusts Read More »
The Indian Ministry of Finance’s Department of Revenue has announced an increase in the tax exemption limit for leave encashment for non -government salaried employees. Previously, the exemption limit was set at Rs.3 lakh under section 10(10AA) (ii) of the IT Act, 1961. However, Central Government has raised the limit to Rs.25 lakh, effective from …
This notification about e-Appeals Scheme, 2023 dt 29 May, 23 outlines various procedures and guidelines for filing appeals under different laws and regulations in India, including the Income Tax Act. It also discusses the consequences of non-compliance with the guidelines and the role of the appellate authority in resolving disputes. It covers the process of …
