CBDT issues guidelines and notifies Rule 11UACA to clarify the taxation of income received from life insurance policy
CBDT extends exemption from mandatory e-filing of Form 10F for non-residents up to September 30, 2023
CBDT has released a draft format for a consolidated tax return, which also seeks information from Indians residing abroad on any business connections in India, and details of significant economic presence of such businesses, if any. This could have an impact on Indian traders on crypto exchanges even if not incorporated in India. The draft can be accessed here.
The Central Board of Direct Taxes has issued further guidelines to address challenges in implementation of TDS under Section 194R of the Income Tax Act. The revised guidelines clarify many of the issues that the Tax Forum had advocated for on behalf of members.
For further details please reach us here