CBDT Notifies Income Tax Exemption to FIFA: The Central Board of Direct Taxes (CBDT) has notified Federation Internationale de Football Association, for exemption under the clause (39) of section 10 of the Income-tax Act, 1961 (43 of 1961). Read the official notification No. 126/2022/F. No. 200/8/2022-ITA-I Issued by the Income Tax Department: MINISTRY OF FINANCE(Department […]
Format, Procedure and Guidelines for submission of Form for Securities Transaction Tax (STT) The Central Board of Direct Taxes (CBDT) releases Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT). Notification No. 2 of 2022 As per Section 101 of the Securities […]
CBDT Will Now Use Artificial Intelligence & Machine learning for Assessment Proceedings: CBDT Notifies Faceless Inquiry or Valuation Scheme, 2022. Central Board of Direct Taxes (CBDT) has notified the Faceless Inquiry or Valuation Scheme, 2022. In this scheme the board will use suitable technological tools, including artificial intelligence and machine learning, with a view to […]
CBDT Notifies Amendment of the Securities Transaction Tax Rules, 2004 The Central Board of Direct Taxes (CBDT) has notified rules to amend the Securities Transaction Tax Rules, 2004. New Rule Inserted “5A” .Person responsible for collection and payment of Securities Transaction Tax (STT) in case of Insurance Company. The Rules may be called the Securities […]