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| Dear Reader, | |||
| Greetings for the day!!! We are pleased to share the recent Income Tax notification and circulars. |
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| S.no | Description | Relevant links |
| 1. | CBDT notifies ITR-1 and ITR-4 for AY 2024-25 by introducing changes in the default tax regime, section 80CCH, and enhancing the turnover limit in Section 44AD/44ADA | Notification no.105/2023 Dtd 22.12.2023 |
| 2. | CBDT has brought amendments in Rule 10TA and Rule 10TD w.r.t. Safe Harbour Rules | Notification no.104/2023 Dtd 19.12.2023 |
| 3. | CBDT has notified POWERGRID Infrastructure Investment Trust for investments by trust u/s 11(5)(xii) read with Rule 17C | Notification no.103/2023 Dtd 18.12.2023 |
| 4. | CBDT grants significant tax exemptions to Godavari River Management Board, Hyderabad u/s 10(46) of Income Tax Act | Notification no.102/2023 Dtd 5.12.2023 |
| 5. | CBDT provides recognition to Maharashtra Council of Homoeopathy u/s 10(46), outlining specific incomes and conditions for its applicability | Notification no.101/2023 Dtd 24.11.2023 |
| 6. | CBDT extends recognition to Chhattisgarh Rajya Beej Pramanikaran Sanstha u/s 10(46), by specifying incomes and conditions for its applicability | Notification no.100/2023 Dtd 24.11.2023 |
| 7. | CBDT specifies the Deputy Director General (Tech Development Division) of UIDAI for section 138 of the Income-tax Act, 1961 | Notification no.99/2023 Dtd 20.11.2023 |
| 8. | CBDT issues corrigendum to introduce changes to the submission process for SFT related to Mutual Fund Transactions by Registrar & Share Transfer Agents (RTAs) | Corrigendum to Notification no.4/2023 Dtd 15.11.2021 |
| 9. | CBDT issues a corrigendum to introduce changes to submission frequency, sale consideration determination, minimum holding period specifications, and the calculation of the cost of acquisition for SFT for Depository Transactions | Corrigendum to Notification no.3/2023 Dtd 15.11.2021 |
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