CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer Posted On: 19 AUG 2023 8:44PM by PIB Delhi The Finance Act, 2023 brought in an amendment for the purposes of calculation of “perquisite” with regard to the value of rent-free or concessional accommodation provided to an employee,… Read More »
Income-tax (Seventeenth Amendment) Rules, 2023. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th August, 2023 INCOME-TAX G.S.R. 607(E).—In exercise of the powers conferred by section 295 of the Income-tax Act 1961 (hereinafter referred to as ‘Act’), the Central Board of Direct Taxes hereby makes the following rules… Read More »
New Income Tax Rules for Tax on Salary I Valuation of Perquisites of Accomodation to Employee I
Income tax (Eighteenth Amendment) Rules, 2023. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th August, 2023 INCOME-TAX G.S.R. 615(E).—In exercise of the powers conferred by sub-clause (i) and Explanation to sub-clause (2) of section 17 read with section 295 of the Income-tax Act, 1961 (43 of 1961),… Read More »
THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) 2023 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 18th August, 2023/Sravana 27, 1945 (Saka) The following Act of Parliament received the assent of the President on the 18th August, 2023 and is hereby published for general information:— THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT,… Read More »
THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) ACT 2023 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 18th August, 2023/Sravana 27, 1945 (Saka) The following Act of Parliament received the assent of the President on the 18th August, 2023 and is hereby published for general information:— THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT)… Read More »
Number of Jan Dhan Accounts Cross 50 Crore 56% Accounts Belong To Women and 67% Accounts Opened In Rural / Semi-urban Areas Posted On: 18 AUG 2023 4:34PM by PIB Delhi The national Mission on Financial Inclusion popularly known as Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on 28th august 2014 and it has completed… Read More »
New GST Notice DRC 01D for GST Recovery I CA Satbir Singh
Advisory: E-Invoice Glossary and Steps 18/08/2023 Dear Taxpayers, GSTN has prepared an informative resource in the form of an e-invoice glossary and a step-by-step guide for your reference. You can access and download the PDF document by clicking on the link below: 1.E-Invoice Glossary: https://tutorial.gst.gov.in/downloads/news/pamphlet_e_invoicing_glossary_updated_17_08_2023_approved_final.pdf 2.Step by Step Guide: https://tutorial.gst.gov.in/downloads/news/pamphlet_e_invoice_overview_updated_on_17_08_2023_approved_final.pdf Thanking You, Team GSTN Glossary on e-Invoicing… Read More »
When a person receives any sum under life insurance policies (other than ULIP and Keyman Insurance Policy) that do not qualify for exemption under Section 10(10D), any sum received in excess of the premium paid during the term of such policies is chargeable to tax under the head other sources as per Section 56(2)(xiii). The… Read More »