Understanding tax deductions and compliance requirements is essential for taxpayers aiming to optimize their tax liability legally. The Central Board of Direct Taxes (CBDT) has […]
CBDT
A Comprehensive Guide to CBDT’s Amendment of Rule 114DA for Non-Resident Liaison Offices
Liaison offices serve as an important bridge between foreign companies and their operations in India. These offices are typically established by non-resident entities to conduct […]
CBDT’s New Compliance Framework for IFSC Units: An Overview
The Central Board of Direct Taxes (CBDT) has recently introduced important regulatory changes affecting International Financial Services Centre (IFSC) units. These updates focus on simplifying […]
Step-by-Step Guide to Filing Exemption Applications Under Section 10(46A) After CBDT Reforms
Section 10(46A) plays an important role in providing tax exemptions to certain entities established by Central or State legislation. Specifically, this section exempts income earned […]
CBDT Revises Tax Audit Report Format Form No. 3CD Effective March 5, 2024
The Central Board of Direct Taxes (CBDT) has introduced crucial updates to the Tax Audit Report, specifically the Form No. 3CD, which will be effective […]
The Power Behind the Survey: CBDT’s Role in Authorisation Under Section 133A
Section 133A of the Income-tax Act grants income-tax authorities the power to conduct surveys at business premises or any other location where relevant records, documents, […]
Streamlining Tax Compliance: CBDT’s New E-Filing Requirements You Need to Know
The Central Board of Direct Taxes (CBDT) stands as the apex body overseeing the enforcement of direct tax laws in India. It plays a critical […]
Understanding CBDT’s Decision to Condone Delay in Form 10-IC Filing for AY 2021-22
The landscape of corporate taxation in India has evolved considerably over the years, especially with the introduction of various tax reforms aimed at simplifying compliance. […]
Decoding the CBDT Faceless Penalty (Amendment) Scheme 2022
In recent years, the landscape of tax administration in India has undergone a monumental transformation, primarily driven by the push towards digitization. One of the […]
Understanding the Faceless Penalty Amendment Scheme 2022: What You Need to Know
The evolution of tax administration in India has been marked by a series of reforms aimed at enhancing efficiency, transparency, and accountability. One of the […]