May 2023 - Taxcharcha

Draft rules on Angel tax provisions on consideration received from Non Resident investors by Closely Held Companies

Team Taxcharcha30/05/2023

by Team Taxcharcha30/05/20230299

The Central Board of Direct Taxes (CBDT) has published the Draft rules for valuation of unquoted equity shares. The said rules have been taken as...

Income Tax Latest

Income Tax Update – Clarification regarding provisions relating to charitable and religious trust

Team Taxcharcha30/05/2023

by Team Taxcharcha30/05/20230291

The Central Board of Direct Taxes (CBDT) has issued the clarification regarding provisions relating to charitable and religious trusts vide Circular No. 6 of 2023...

Income Tax Latest

Income Tax Update – Treatment of TDS on online gaming, amendment in section 194N and amendment in Form 16 for AY 2024-25

Team Taxcharcha30/05/202330/05/2023

by Team Taxcharcha30/05/202330/05/20230296

The Central Board of Direct Taxes (CBDT) has notified the Notification No. 28/2023 in which there has been an amendment in Section 194N, prescribing the...

Income Tax Latest

Income tax Update – CBDT enlists 3 categories of persons not covered under the Angel tax provisions

Team Taxcharcha30/05/2023

by Team Taxcharcha30/05/20230256

The CBDT has notified the 3 categories of persons whose investments in the Closely Held Companies shall not be covered within the ambit of Angel...

Income Tax Latest

Income Tax Update – Amendment in Section 56(2)(viib) for receipt of consideration from any person

Team Taxcharcha29/05/202330/05/2023

by Team Taxcharcha29/05/202330/05/20230406

In the Notification No. 30/2023, the CBDT has notified that the consideration received by Companies for share capital exceeding the face value received from any...

Income Tax Latest

Income Tax Update : Limit of Leave Encashment extended for Non Government Employees

Team Taxcharcha29/05/2023

by Team Taxcharcha29/05/20230313

The Central Board of Direct Taxes (CBDT) has extended the limit of Leave Encashment for the Non Government employees from Rs. 3,00,000/- to Rs. 25,00,000/- ...

Income Tax Latest

CA, CS and CMA brought under the PMLA net

Team Taxcharcha04/05/202304/05/2023

by Team Taxcharcha04/05/202304/05/20230553

On 3rd May 2023, the Ministry of Finance has issued the notification in which the CA, CS and CMA have been brought under the definition...

Month : May 2023

Draft rules on Angel tax provisions on consideration received from Non Resident investors by Closely Held Companies

Income Tax Update – Clarification regarding provisions relating to charitable and religious trust

Income Tax Update – Treatment of TDS on online gaming, amendment in section 194N and amendment in Form 16 for AY 2024-25

Income tax Update – CBDT enlists 3 categories of persons not covered under the Angel tax provisions

Income Tax Update – Amendment in Section 56(2)(viib) for receipt of consideration from any person

Income Tax Update : Limit of Leave Encashment extended for Non Government Employees

CA, CS and CMA brought under the PMLA net

Order No. 02/2018-Central Tax – Regarding availment of...

Circular No. 64/38/2018-GST – Modification of the procedure...

Where no return was filed in compliance to...

GST Audit manual released by CBIC

Circular No. 130/49/2019-GST – Reverse Charge Mechanism (RCM)...

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