Application for registration of charitable / religious trust and Audit Report
Application for registration of charitable / religious trust and Audit Report under clause b of tenth provisio to clause 23C of Section 10 & sub clause ii of clause b of Section 12A (1) of the Income Tax Act,1961
Notification on the Cost Inflation Index (CII)
The CBDT has stated that the ‘Cost Inflation Index (CII)’ for Fiscal Year 2023-24 (Assessment Year 2024-25) will be 348, up from 331 released earlier for the previous fiscal year 2022-23
Obligation to furnish statement of financial transaction or reportable account
Any Person responsible for maintaining books of account other document containing a record of any specified financial transaction or any reportable account as may be prescribed shall furnish a statement in respect of such specified financial transaction or such reportable account to the Income Tax authority/such authority as may be prescribed.
Notification by CBDT with respect to classes of person for the purpose of section 56 of income tax act 1961
Section 56(2) of Income Tax Act, 1961 deals with incomes, shall be chargeable to income-tax under the head “Income from other sources”.
Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employees
The existing limit of tax exemption on leave encashment for non-government salaried employees stands revised from Rs. 3 Lakh to Rs. 25 lakh with effect from April 1, 2023.
Tax-Audit u/s 44AB – Audit of accounts of certain persons carrying on business or profession
Every Person shall get his accounts audited by an Accountant before the specified date and furnish by that date the report of such audit.
Form No. 10BBB
Form No. 10BBB: Intimation by Pension Fund of investment under clause (23FE) of section 10 of the Income-tax Act, 1961
Statement under Rule 5D and 5E
Gain a deep understanding of the requirements, filing procedures, and important considerations for Statements under Rule 5D and 5E.
Tax Audit u/s 44AB – Audit of Accounts of Assessee having International Transactions or Specified Domestic Transactions
Any person who is engaged in any of the transactions referred above is required to submit a Report from CA in Form 3CEB by November 30
TDS Return – Trustees of Approved Superannuation Fund
Trustees of approved superannuation fund pay the contributions made by an employer including interest thereon to an employee