The Central Board of Direct Taxes through circular dated 25.05.2021 has issued clarification regarding the limitation time for filing appeal before CIT under Income Tax Act, 1961. The CBDT clarifies that if different relaxations are available to the tax payer for a particular compliance, he is entitled to opt for the relaxation more beneficial to him. Thus, for the purpose of counting the period(s) of limitation for filing of appeals before the CIT(Appeals) under the Act, the taxpayer is entitled to a relaxation which is more beneficial to him.
New Digital Platform to Streamline Health Insurance Claims
The government has launched the National Health Claims Exchange (NHCX) as part of the Ayushman Bharat Digital Mission. This digital platform aims to simplify and