The Income Tax Amendment (16th Amendment) Rules, 2023 were introduced by the Ministry of Finance in India on August 16, 2023. These rules, issued by the CBDTs under the authority of the Income-tax Act, 1961, aim to amend the Income-tax Rules, 1962.
Income tax
CBDT’s Directive on Clause (10D) Amendments: Circular No. 15
Circular No. 15 of 2023, issued by the Government of India’s Ministry of Finance, provides guidelines regarding amendments made to clause (10D) of section 10 of the Income-tax Act, 1961, through the Finance Act, 2023
Participate in the Virtual Pension Adalat 2023 by CPAO
The Central Pension Accounting Office (CPAO), under the Ministry of Finance, Department of Expenditure, is holding a Pension Adalat on September 20, 2023, via video conferencing
Update on MACP Entitlements and Recovery Status
pertains to the withdrawal of grant of Modified Assured Career Progression (MACP) and subsequent recovery, if applicable, for officials who were given MACP while ignoring their promotion to OS/Steno Grade-I after January 1, 2006
Beware of False Claims for Deductions and Refunds
Highlighting concerns about wrong claims towards deductions and exemptions from Income Tax and excessive refund claims by the salaried employees