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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 exemption to specified income of ‘Pune Metropolitan Region Development Authority’ u/s 10(46) | Notification no.25/23 Dtd. 10.05.2023 |
| 2. | CBDT notifies exemption to specified income of ‘Food Safety and Standards Authority of India u/s 10(46) | Notification no.26/23 Dtd 10.05.2023 |
| 3. | CBDT notifies TDS exemption on interest u/s 194A on ‘Mahila Samman Savings Certificate, 2023’ | Notification no.27/23 Dtd 16.05.2023 |
| 4. | CBDT has inserted Rule 133 for the calculation of Net winnings from online games and made consequential amendments in Form 24Q, 26Q for changes in TDS provisions under Finance Act 2023 | Notification no.28/23 Dtd 22.05.2023 |
| 5. | CBDT provides guidelines for the removal of difficulties u/s 194BA(3) regarding TDS deduction on winnings from online games | Circular no.5/23 Dtd 22.05.2023 |
| 6. | CBDT provides clarification regarding provisions relating to charitable and religious trusts | Circular no.6/23 Dtd 24.05.2023 |
| 7. | CBDT notifies class or classes of persons to whom provisions of Section 56(2)(viib) shall not apply | Notification no.29/23 Dtd 24.05.2023 |
| 8. | CBDT gives effect to amendment in Section 56(2)(viib) brought by Finance Act, 2023 by superseding its earlier notification | Notification no.30/23 Dtd 24.05.2023 |
| 9. | CBDT notifies enhancement of exemption limit of leave encashment from 3 lacs to 25 lacs for non-government employees | Notification no.31/23 Dtd 24.05.2023 |
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