Central Govt relaxes provisions of TCS under Section 206C(1G) of Income tax Act,1961 in respect of non-resident individuals visiting India. The provisions shall not apply to an individual who is not a resident in India in terms of Clause 1&1A of Section 6 of the Act. Press Release issued
Central Board of Direct Taxes (CBDT) enters into 62 Advanced Pricing Agreements (APA) in FY 2021-22 with Indian taxpayers including 13 Bilateral & 49 Unilateral APAs. The progress in APA scheme reflects Govt’s resolve of fostering a non-adversarial tax regime and increasing EODB. Details in the Press Release
Central Board of Direct Taxes ( CBDT ) extends the last date for filing of Form No.10AB for seeking registration or approval under Section 10(23C), 12A or 80G of the Income tax act Act,1961. The application for registration or approval in Form No. 10AB can be filed upto 30th September, 2022. Details in the Press …
