The amendments brought about by Notification No. 45/2023 – Income-Tax (Income-tax (Eleventh Amendment) Rules, 2023) encompass multiple provisions and rules within the Income-tax Act, 1961. The notification details changes to rule 2C, rule 11AA and rule 17A of Income-tax Rules, 1962, under different sections such as section 10, section 12A, section 80G, and more. Notification […]
Ministry of Finance, Department of Revenue, has issued Notification No. 44/2023, approving ‘University of Patanjali’ for conducting research in Social Science or Statistical Research under section 35 of the Income Tax Act.
“Get updated on the recent trade notice by DGFT for the EOP extension and EODC issuance process for Annual Advance Authorisation cases. Discover how the new processes aim to simplify and digitalize procedures.
ITAT Delhi held that the reassessment notice issued under Section 148 is clearly time barred owing to non compliance conditions prescribed on 1st proviso to Section 147 of the Act. Accordingly, re-assessment proceeding is illegal and without jurisdiction.
CBIC issued Notification No. 46/2023 – Customs (N.T.) amending exchange rate for Turkish Lira in Customs Act. This amendment will come into effect from 24th June 2023.
Madras High Court held that rejection of rectification application filed under section 161 of the Goods and Service Tax Act, 2017 justified as the petitioner has not cooperated in the course of assessment.
Kerala High Court held that provisions of section 64(1)(v) of Income Tax Act clearly states that income accruing or arising in the hands of a minor child will be added to the parent’s total income.
Learn about private placement in companies, including its regulations, conditions, and compliance requirements. Understand the advantages and limitations of private placements for businesses and investors.
ead the latest notification from the Bar Council of India regarding the rules and code of conduct for the elections of State Bar Council and Bar Council of India. Learn about the qualifications, disqualifications, and procedures involved in the elections. Stay informed and ensure fair and transparent elections.
Read the IFSCA circular providing guidelines for fair and equitable co-location services offered by Stock Exchanges in the International Financial Services Centre (IFSC). Learn about the requirements, connectivity options, disclosure of information, integrity, security, latency measurement, and introduction of managed co-location services.
