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. Ministry of Finance enters into an agreement with the Government of Samoa for the exchange of information concerning taxes u/s 90(1) of the Act. Notification no.21/2024 Dtd 07.02.2024
2. CBDT introduces amendments aimed at refining administrative processes and clarifying hierarchical structures within the income tax department u/s 118 of the Act. Notification no.20/2024 Dtd 06.02.2024
3. Further to notifying ITR 6, CBDT now notifies ITR Forms 2, 3, and 5 for AY 2024-25. Now, ITR forms 1-6 have been duly notified. Notification no.19/2024 Dtd 06.02.2024
4. CBDT grants approval to “M/s Prayoga, Bengaluru (PAN: AACTP9202D) as “Other Institution” under the category of “University, college, or other institution” for scientific research for Section 35(1)(ii). Notification no.18/2024 Dtd 30.01.2024
5. CBDT further notifies ITR 6 for AY 2024-25, after notifying ITR 1 and 4 in the previous notification Notification no.16/2024 Dtd 24.01.2024
We trust you will find this Journal informative as well as useful.
For any queries, you can write to us at "info@akgvg.com".
Looking forward to receive your valuable feedback

Disclaimer: This insight is meant for informational purpose only and should not be considered as an advice or opinion, or otherwise, whatsoever. AKGVG & Associates does not intend to advertise its services through this insight. AKGVG & Associates is not responsible for any error or omission in this insight or for any action taken based on its contents.

Best Regards!
Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

DELHI | GURGAON | MUMBAI | AHMEDABAD | BANGALORE | CHENNAI | CHANDIGARH
Tel: +91 9811118031, 9818330516,
Telefax:+91 11 49037920
Website: https://www.akgvg.com