Weekly 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 widens the list of incomes by amending principal notification 34/2020 dated 23.06.2020 for the purpose of claiming exemption under section 10(46) of the Income Tax Act. Notification no.22/23 Dtd. 17.04.2023
2. CBDT notifies ‘National Institute of Design, Ahmedabad’ under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ under section 35 of the Income Tax Act. Notification no.23/23 Dtd. 21.04.2023
3. CBDT notifies DTAA entered with Chile. Notification no.24/23 Dtd. 03.05.2023
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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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