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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 Income-tax Amendment (3rd Amendment) Rules, 2023, to amend the rule 16CC, rule 17B, and Form 10B, 10BB which shall come into effect from 01st April 2023. | Notification no.7/23 Dtd. 21.02.2023 |
| 2. | CBDT issued Corrigendum to Notification No. 04/2023 on February 10, 2023. for revision of ITR forms through the method of correction, omissions, and additions. | Notification no.8/23 Dtd. 28.02.2023 |
| 3. | CBDT notifies the ‘Insolvency and Bankruptcy Board of India (IBBI) toclaim tax exemption U/s 10(46). | Notification no.9/23 Dtd. 01.03.2023 |
| 4. | CBDT removes the “Deputy /Assistant Commissioner of Income-tax (Review Unit)- 1(2)(2), Chandigarh” to exercise the powers and functions of Assessing Officers concurrently, to facilitate the conduct of Faceless Assessment proceedings. | Notification no.10/23 Dtd. 01.03.2023 |
| 5. | CBDT issued Corrigendum to Notification No. 04/2023 on February 14, 2023,for revision of ITR 7 through the method of correction, omissions, and additions. | Notification no.11/23 Dtd. 03.03.2023 |
| 6. | CBDT notifies the ‘Karnataka State Building and Other Construction Workers Welfare Board for claiming tax exemption U/s 10(46). | Notification no.12/23 Dtd. 03.03.2023 |
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