CBDT articles

Assessment of Charitable and Religious Trusts and Institutions

Analyzing the complexities of non-profit sectors globally, this guide on Assessment of Charitable and Religious Trusts and Institutions is key to understanding taxability of income & conditions for claiming exemptions. CBDT circulars & annexures included....

Posted Under: Income Tax | ,

Interim Budget 2024 – Personal Taxation – Key Aspects

Explore the significant aspects of the Interim Budget 2024, covering personal tax rates, surcharge updates, old tax demands waiver, and expectations for the final budget....

Posted Under: Income Tax |

Why Paying Taxes Matters: A Crucial Role in Nation Building

Discover why paying taxes is vital for national development. Explore the role of taxes in funding government services, promoting social welfare, and encouraging responsible citizenship....

Posted Under: Income Tax |

CBDT Proposes Changes to Rule 11UA in Respect of Angel Tax

CBDT recently proposed significant changes to Rule 11UA regarding valuation of shares and applicability of section 56(2)(viib), commonly known as Angel Tax...

Posted Under: Income Tax |

Cost Inflation Index fy 2023-24: Basic Understanding & Usefulness

Cost Inflation Index (CII) is an index used in India to measure the rate of inflation in the economy. It is used to adjust the purchase price of an asset, such as property or gold, for inflation when calculating capital gains tax....

Posted Under: Income Tax |

Request to cancel Section 143(1) intimations Levying Double Tax

Urgent appeal to Honble Finance Minister: Cancel or withdraw notices under Section 143(1) creating unnecessary hardship and levying double tax on taxpayers. Request for rectified intimations and clarification to prevent further inconvenience. ...

Posted Under: Income Tax | ,

Master File and CbCR related Forms in India

CBDT) has issued the final rules pertaining to Master File (MF) and Country by Country reporting (CbCR) on 31st October 2017. This is an outcome of the OECD/G20 BEPS Action Plan 13. India has been an active participant of the OECD BEPS (Base Erosion and Profit Shifting) project....

Posted Under: Income Tax |

Social welfare charges on customs

The Central Board of Indirect Taxes and Customs (‘CBIC’) has put a rest to the controversy with respect to the levy of Social Welfare Surcharge (‘SWS’) on the goods exempted from the basic customs duty. In a recent Circular No. 03/2022 dated 01.02.2022 (‘Circular’), the CBIC has issued a clarification...

Posted Under: Income Tax |

Detailed analysis of GST Notifications issued on 29th August 2021

Detailed Analysis of GST Notifications issued on 29th August, 2021 for Amnesty Scheme & Extension of time-limit to apply for revocation in certain cases 1.0 Late Fees Amnesty Scheme in respect of GSTR 3B for the period July, 2017 to April, 2021 increased from 31st August, 2021 to 30th November, 2021 [NN 33/2021 – CT […]...

Posted Under: Income Tax |

Omission of Rules by CBDT – Notification no. 83/2021 dated 29 July 2021

Notification No 83/2021/ Income tax 29/07/2021

CBDT vide notification dated 29 July 2021 [Notification No. 83/2021/F. No. 370142/30/2021-TPL] has omitted certain Rules due to provisions becoming redundant owing to omission or applicability of such provisions not relevant now as the same has expired long time ago. Further, the same is to ease the burden of the taxpayer in certain circu...

Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (6,876)
Company Law (10,070)
Corporate Law (13,554)
Custom Duty (10,819)
DGFT (5,156)
Excise Duty (5,616)
Fema / RBI (5,768)
Finance (6,493)
Income Tax (49,829)
SEBI (5,336)
Service Tax (4,889)