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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 availability of benefit under MFN Clause in India-Spain DTAA thereby reducing tax rates (from 20% to 10%) on royalty and Fees for Technical services | Notification no.33/2024 Dtd 19.03.2024 |
| 2. | CBDT further amends Form 3CD by inserting disallowance u/s 43B(h) in clause 22. | Corrigendum Notification no.34/2024 Dtd 19.03.2024 |
| 3. | CBDTnotifies designated authority for sharing information with Uttar Pradesh Government under section 138(1)(a)(ii) of the Act. | Notification no.35/2024 Dtd22.03.2024 |
| 4. | CBDT provides recognition to “‘National Mission for Clean Ganga” u/s 10(46) of the Act, outlining specific incomes and conditions for its applicability. | Notification no.36/2024 Dtd26.03.2024 |
| 5. | CBDT introduces updated ITR Form V (Acknowledgement receipt) for A.Y 2024-25. | Notification no.37/2024 Dtd 27.03.2024 |
| 6. | CBDT streamlines the process of filing appeals by the Department u/s 268A before various judicial bodies, thereby reducing unnecessary litigation. | Circular no.05/2024 Dtd15.03.2024 |
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