News

Taxpayers who have not yet linked their Aadhaar with their PAN are encouraged to do so by 30th, June 2023 to avoid having their PAN card deactivated. The IT department has also clarified the consequences of a PAN card going out of service.

Link PAN with Aadhaar: Mandatory Linking of PAN with Aadhaar to all PAN holders before Due Date

The Investigation Wing of Income Tax Department launched a search and survey operation on 12th June 2023 on two premier luxury real estate developers, M/s Vianaar Group and M/s Isprava Group.

Income Tax Department Conducts Search and Survey Operations on Luxury Real Estate Developers

Notifications

CBDT amends Rule 44E of Income Tax Rules, 1962 allowing applicants seeking advance rulings to submit signed or digitally signed applications to Secretary of Board for Advance Rulings by electronic mail.

CBDT eliminates Mandatory Digital Signing requirement for Advance Ruling Applications

CBDT incorporates 'majority rule' to address split in advance rulings

The Final Cost Inflation index (CII) of FY 2023-24 is 348.

CBDT Notifies Final Cost Inflation Index for Financial Year 2023-24

Judgement

Deduction of Foreign Travel Expenses of Directors allowed: ITAT

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