New TCS from 1st October 2023 for various foreign remittances:
However, if the remittance for education exceeds Rs 7 lakhs, a nominal TCS rate of
CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
The Finance Act, 2023, brought in an amendment to bring the consideration received from non-residents
Sec 44ADA is not applicable where income is not earned on account of professional consultancy
Shri Vishnu Dattatraya Ponkshe v. CPC Bengaluru (ITA No. 1570/Mum/2023) Facts: ITAT Mumbai held as
Introduction of Electronic Credit Reversal and Re-claimed statement- Latest CBIC Advisory dated 31.08.2023
CBIC vide Notification No. 14/2022 Central Tax dated 05.07.2022 has provided for certain changes in
INCOME TAX DEPARTMENT NOTIFIES RULES FOR VALUING RENT-FREE ACCOMMODATION PROVIDED BY EMPLOYERS
Employees drawing substantial salaries and having rent-free accommodation provided by their employers will now be