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 notifies to amend principal notification number S.O.1911(E) dated 21st April, 2022 to replace the words “Ariyalur & Kanniyakumari” with the words “Districts of Ariyalur & Districts of Kanniyakumari” respectively. Notification no.13/23 Dtd. 14.03.2023
2. CBDT authorises Principal Chief Commissioners of Income-tax, Bengaluru, Chennai, and Jaipur to issue requisite orders to Commissioner of Income-tax (Appeals) of respective states for exercise of powers and performance of functions. Notification no.14/23 Dtd. 21.03.2023
3. CBDT extends exemption for Non-residents without PAN from e-filing of Form 10F till September 30, 2023. Notification no. e-filling Notification/Forms/2023/13420
4. CBDT notifies Income-tax (Fourth Amendment) Rules, 2023 containing list of consequences when PAN become inoperative, as per the newly substituted rule 114AAA. Notification no.15/23 Dtd. 28.03.2023
5. CBDT provides clarification in relation to notification dated 28.03.2023 providing list of consequences when PAN become inoperative. Circular No. 3/2023 Dtd. 28.03.2023
6. CBDT notifies procedure for filing lower tax deduction applications in Form 15C/15Dunder sub-section (3) of section 195 of the Income Tax Act, 1961, through TRACES. Notification no.1/2023 Dtd. 29.03.2023
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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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