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 recognizes Polavaram Project Authority, Hyderabad u/s 10(46), outlining specific incomes and conditions for its applicability. Notification no.9/2024 Dtd 05.01.2024
2. CBDT recognizes Haryana State Board of Technical Education, Panchkula u/s 10(46), outlining specific incomes and conditions for its applicability. Notification no.8/2024 Dtd 05.01.2024
3. CBDT recognizes Karmayogi Bharat u/s 10(46), outlining specific incomes and conditions for its applicability. Notification no.7/2024 Dtd 05.01.2024
4. CBDT recognizes Authority Union Territory Chandigarh u/s 10(46), outlining specific incomes and conditions for its applicability. Notification no.6/2024 Dtd 05.01.2024
5. To remove duplicity of notification number, CBDT notifies that Notification No.89/2023 dated 13th October 2023 would be read as Notification No. 89A/2023. Notification no.5/2024 Dtd 04.01.2024
6. For exemption, u/s 10(4G)(ii), CBDT notifies activity of investment in a financial product by a non-resident, where income from such investment is received in their Offshore Banking Account (as referred in section 80LA). Notification no.4/2024 Dtd 04.01.2024
We trust you will find this Journal informative as well as useful.
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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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