Circulars

Income Tax has issued Circular No. 4/2024 dated 7th March 2024 for extension of due date for filing TDS Return Form No. 26QE

TDS Return Due Date for filing Form 26QE Extended [Read Circular]

News

The Central Board of Direct Taxes (CBDT) has notified changes in Form 3CD.

7 Changes made in Tax Audit Report Form 3CD

As per Finance Act of 2023, donations made by a trust or institution are only recognized as applications for charitable or religious purposes up to 85% of the amount donated.

CBDT clarifies provisions under Finance Act 2023 relating to Donations made by a Trust/ Institution to another Trust/ Institution

IT Department has clarified that eligible Donations made by a Trust to another Trust are treated as Applications only to the extent of 85% via issuing a Circular.

IT Clarifies eligible Donations made by Trust to another Trust treated as Application only to extent of 85%

Change in TAR notified for MSME 45 Days Payment Rule: Is it a hint for Non-deferment?

The government will impose a rule in FY25 mandating payments to MSMEs to be made within 45 days, failing which corporations will be required to pay tax on the amount due.

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TDS Return Due Date for filing Form 26QE Extended [Read Circular]

7 Changes made in Tax Audit Report Form 3CD

CBDT clarifies provisions under Finance Act 2023 relating to Donations made by a Trust/ Institution to another Trust/ Institution

IT Clarifies eligible Donations made by Trust to another Trust treated as Application only to extent of 85%

Change in TAR notified for MSME 45 Days Payment Rule: Is it a hint for Non-deferment?

No Relief in MSME Rule you must have to make Payment within 45 days