Income-tax (Eleventh Amendment) Rules-  Revised Approval Process for Trusts

Income-tax (Eleventh Amendment) Rules-  Revised Approval Process for Trusts The CBDT vide the Income-tax (Eleventh Amendment) Rules, 2023, has made amendments to Rule 2C, Rule 11AA, and Rule 17A, as well as various forms (Form No. 10A, Form No. 10AB,…

Form ITR-U for filing Updated Return

 Form ITR-U for Filing Updated Return The Finance Act of 2022 has introduced a new concept of updated returns, which has permitted taxpayers to update their ITRs within two years of filing, subject to payment of taxes. The Central Board…