AKGVG Tax Update
Dear Reader,
Greetings for the day!!!
We are pleased to share the recent Income Tax notification and circulars.
Date: 10.02.2023
Income Tax updates
S.no Description Relevant links
1. SFT: Format, Procedure and Guidelines for filing Statement of Financial Transactions (SFT) for Interest income (Limit of Rs 5,000 abolished) Addendum to Notification 2 of 2021 Notification no.1/23 Dtd. 05.01.2023
2. CBDT extends time limit for compliances for claiming exemption under Section 54-54GB Circular no. 1/23 Dtd 06.01.2023
3. CBDT notified 'Indian Institute of Science Education and Research, Tirupati' under the category of 'University, college or other institutions' under section 10(23FE) Notification F.No. 203/02/2022/ITA-II/SO 270(E ) Dtd. 16.01.2023
4. CBDT notified 'California Public Employees Retirement System' as specified person (Pension fund) for purpose of eligible investment under section 35(1) Notification no.2/23 Dtd. 25.01.2023
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