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Income Tax Update
Introduction of the Income-tax (Fourth Amendment) Rules, 2024
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The Ministry of Finance, through the CBDT, announced the IT (Fourth Amendment) Rules, 2024, effective from their publication in the Official Gazette. This amendment modifies various clauses in the IT Rules, 1962, including adjustments to the written down value under different sections for specific assessment years and the introduction of new provisions related to expenditure in violation of the law. Additionally, it updates Form No. 3CD, 3CEB, and introduces changes in Form No. 65, particularly in relation to international financial services centre units and the determination of arm's length price in specified domestic transactions. This notification ensures compliance and clarity in tax reporting and deductions, reflecting ongoing updates in tax legislation.

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Update


Taxupdate Code: 321
Tax Update: Introduction of the Income-tax (Fourth Amendment) Rules, 2024

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Layman Language Tax Updates


This is an Interpretation Tax Updates Posters section. These posters will be tax updates in layman language. It will talk about implications of above tax update. But please remember how law operates. Interpretation can be different for different people and may change over the period.

Be careful while using these posters. We have also put a disclaimer in the poster itself.


English Poster

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Income Tax Update
Introduction of the Income-tax (Fourth Amendment) Rules, 2024
logo
Updates by
Practiceguru Sample Posters
The Ministry of Finance, through the CBDT, announced the IT (Fourth Amendment) Rules, 2024, effective from their publication in the Official Gazette. This amendment modifies various clauses in the IT Rules, 1962, including adjustments to the written down value under different sections for specific assessment years and the introduction of new provisions related to expenditure in violation of the law. Additionally, it updates Form No. 3CD, 3CEB, and introduces changes in Form No. 65, particularly in relation to international financial services centre units and the determination of arm's length price in specified domestic transactions. This notification ensures compliance and clarity in tax reporting and deductions, reflecting ongoing updates in tax legislation.
Practiceguru Sample Posters

Disclaimer: This is an interpretation of law in layman language. Please refer to the actual law.

Update


Taxupdate Code: 321
Tax Update: Introduction of the Income-tax (Fourth Amendment) Rules, 2024

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without PG logo, PG watermark and without word 'Sample',

Charges Rs. 1799 per year instead of Rs. 2400/-.

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Once you make payment, kindly send Tax update as 321 and your email id on whatsapp on
9136667325.
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हिन्दी पोस्टर

Income Tax अपडेट
जल्द आ रहा है
logo
द्वारा अपडेट
Practiceguru Sample Posters
जल्द आ रहा है
Practiceguru Sample Posters
Update


Taxupdate Code: 321
Tax Update: Introduction of the Income-tax (Fourth Amendment) Rules, 2024

You need to subscribe to service to start downloading posters

without PG logo, PG watermark and without word 'Sample',

Charges Rs. 1799 per year instead of Rs. 2400/-.

Subscribe

Buy this Single Poster for Rs.29 .

Pay

Once you make payment, kindly send Tax update as 321 and your email id on whatsapp on
9136667325.
Pl logout after payment and once we update your records, you may login and start downloading posters.

And share on Social Media

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