The Tribunal held that the enhanced exemption limit of ₹25 lakh under CBDT Notification No. 31/2023 applies to leave encashment claims under Section 10(10AA)(ii). Full exemption of ₹10.15 lakh was ...

As startup founders and industry stalwarts continue to protest over angel tax notices sent by the Income Tax (I-T) department, the Central Board of Direct Taxes (CBDT) has finally issued a delay ...

The Central Board of Direct Taxes (CBDT) has issued a notification specifying the list of luxury goods on which tax collected at source (TCS) will be levied. The CBDT has issued two notifications in ...

The Central Board of Direct Taxes (CBDT), issued a notification on October 27, 2025, empowering the Commissioner of Income Tax (CPC), Bengaluru, to exercise concurrent jurisdiction under Section 154 ...

The market regulator Sebi announced that the CBDT has clarified issues faced by Foreign Portfolio Investors (FPIs) in ...

The CBDT has empowered the Income Tax Commissioner at Bengaluru's CPC to directly rectify assessment order mistakes under Section 154. This move aims to expedite corrections for taxpayers, addressing ...

The Central Board of Direct Taxes (CBDT) on Tuesday (March 5) said that startups which received assessment notices under Section 56 (2) (viib) of the Income Tax Act (I-T Act) will be exempt from Angel ...

The extension applies to assessees covered under clause (a) of Explanation 2 to sub-section (1) of Section 139 of the ...