TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Income-Tax Rules 2023: Changes in Audit Report Formats for High-Income Entities and Foreign Contributions.</h1> The Income-tax Amendment (3rd Amendment) Rules, 2023, effective from April 1, 2023, introduces changes to the Income-tax Rules, 1962. The amendment replaces Rule 16CC and Rule 17B, detailing the format for audit reports required under certain provisions of the Income-tax Act, 1961. Audit reports for funds, trusts, educational, and medical institutions with income exceeding five crores, receiving foreign contributions, or applying income outside India must use Form No. 10B. Other cases use Form No. 10BB. The amendment ensures compliance with the Foreign Contribution (Regulation) Act, 2010 for foreign contributions.
TaxTMI 
TaxTMI 
