Direct Tax Update
Dear Reader,
Greetings for the day!!!
We are pleased to share the recent Income Tax notification and circulars.
S.no Description Relevant links
1. CBDT extends recognition to Madhya Pradesh Professional Examination Board, Bhopal u/s 10(46), by specifying incomes and conditions for its applicability. Notification no.3/2024 Dtd 02.01.2024
2. CBDT extends recognition to Karnataka State Rural Livelihood Promotion Society u/s 10(46), by specifying incomes and conditions for its applicability. Notification no.2/2024 Dtd 02.01.2024
3. CBDT extends recognition to Bellary Urban Development Authority u/s 10(46), by specifying incomes and conditions for its applicability. Notification no.1/2024 Dtd 02.01.2024
4. CBDT issues guidelines for the deduction of tax at source by e-commerce operators on the sale of goods or services facilitated through digital platforms. Circular no.20/2023 Dtd 28.12.2023
5. CBDT widens the scope of specified persons u/s 10(23FE) by designating Ravenna Investments Holding B.V. eligible for investments in India subject to fulfillment of specified conditions. Notification no.106/2023 Dtd 27.12.2023
We trust you will find this Journal informative as well as useful.
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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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