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 provides clarification w.r.t. time limit to verify income tax return after uploading and its impact. Notification no.02/2024 Dtd 31.03.2024
2. CBDT further clarifies thatITRs not verified within 30 days from the date of uploading or till the due date for ITR filing (whichever is later) shall be treated as invalid due to non-verification Corrigendum Notification no.02/2024 Dtd 04.04.2024
3. CBDT issues functionalities to file ITR-1,2, 4 and 6 for AY 2024-25 from 1st April 2024 itself Press ReleaseDtd 04.04.2024
4. CBDTclarifies thatthere will be no special drive to reopen cases related to House Rent Allowance (HRA) claims Press Release Dtd 08.04.2024
5. CBDT grants approval to “‘Amul Research and Development Association, Anand, Gujarat” (PAN: AAATA2673H) under the category of “Research Association” for scientific research for Section 35(1)(ii) Notification no.38/2024 Dtd 09.04.2024
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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