Team Taxcharcha, Author at Taxcharcha

Press release – Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024

Team Taxcharcha04/04/202404/04/2024

by Team Taxcharcha04/04/202404/04/2024082

The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial...

Income Tax Latest

Notification regarding time limit for verification of return of income after uploading

Team Taxcharcha02/04/202402/04/2024

by Team Taxcharcha02/04/202402/04/20240136

The Central Board of Direct Taxes (CBDT) has issued the notification regarding the time limit for verification of Income tax returns after uploading. It is...

Income Tax Latest

Press release – Clarification regarding applicability of new tax regime and old tax regime

Team Taxcharcha01/04/202401/04/2024

by Team Taxcharcha01/04/202401/04/20240101

It has come to notice that misleading information related to new tax regime is being spread on some social media platforms. It is therefore clarified...

Income Tax Latest

Changes in ITR form V and Acknowlegement for A.Y 2024-25

Team Taxcharcha28/03/202428/03/2024

by Team Taxcharcha28/03/202428/03/20240129

The Ministry of Finance has released the changed ITR V and ITR acknowledgement for the AY 2024-25. To view and download the Notification, click here...

Company Law Latest

MCA issues advisory for the filing of CSR form for FY 2022-23

Team Taxcharcha28/03/202428/03/2024

by Team Taxcharcha28/03/202428/03/20240140

The Ministry of Corporate Affairs (MCA) has issued the advisory regarding the filing of the e form CSR 2 for the FY 2022-23 on or...

Latest Students Section

Re-Opening Of Correction Window For May 2024 Ca Examinations

Team Taxcharcha28/03/2024

by Team Taxcharcha28/03/2024053

In continuation to Important Announcement dated 25th January 2024 and 19th March 2024, in order to facilitate the examinees, who have already applied for May...

Latest Students Section

Reschedulement Of Chartered Accountant Examinations, May 2024

Team Taxcharcha28/03/2024

by Team Taxcharcha28/03/2024058

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Latest

Revised Applicability of Peer Review Mandate (Phase II & III)

Team Taxcharcha28/03/202428/03/2024

by Team Taxcharcha28/03/202428/03/2024051

The Institute of Chartered Accountants of India (ICAI) has extended the applicability of Peer Review Mandate vide announcement dated 16th March 2024. Phase Category...

Latest Students Section

ICAI announces the re-scheduling of May 2024 exams

Team Taxcharcha17/03/2024

by Team Taxcharcha17/03/2024097

The Institute of Chartered Accountants (ICAI) has made an announcement regarding the re-scheduling of the exams to be held in the month of May 2024....

Blogs Latest

Delhi GST Department issues Instructions for Rectification of Orders

Team Taxcharcha07/03/202407/03/2024

by Team Taxcharcha07/03/202407/03/20240226

On 1st March 2024, the Delhi GST Department issued the instructions for rectification of assessment orders. This is the result of agitation being carried out...

GST Latest

ICAI releases GST Acts and Rules – Bare Law – updated upto January 2024

Team Taxcharcha24/01/202407/03/2024

by Team Taxcharcha24/01/202407/03/20240409

The Institute of Chartered Accountants of India (ICAI) has released the GST Acts and Rules updated upto 22nd January 2024. The earlier version of the...

GST Latest

GSTIN enables Two factor authentication for taxpayers

Team Taxcharcha01/12/2023

by Team Taxcharcha01/12/20230440

Advisory: Two-factor Authentication for Taxpayers 1. GSTN is introducing two-factor authentication (2FA) for taxpayers to strengthen the login security in GST portal. The pilot rollout...

Income Tax Latest

Income Tax Department enables Discarded Return option

Team Taxcharcha01/12/202301/12/2023

by Team Taxcharcha01/12/202301/12/20230392

The Income Tax Department has enabled the feature of “Discarded return” on the Income tax website. The said feature is available for the users from...

GST Latest

Recommendations of 52nd GST Council Meeting

Team Taxcharcha07/10/202308/10/2023

by Team Taxcharcha07/10/202308/10/20230547

The 52nd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting...

Business Latest

Application Deadline for the National Startup Awards 2023 extended till15th June 2023

Team Taxcharcha02/06/202302/06/2023

by Team Taxcharcha02/06/202302/06/202302228

The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry introduced the National Startup Awards (NSA) in 2020....

GST Latest

₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth

Team Taxcharcha02/06/202306/10/2023

by Team Taxcharcha02/06/202306/10/202301398

The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST...

Income Tax Latest

Income Tax Update – Changes in the definition of strategic disinvestment

Team Taxcharcha02/06/2023

by Team Taxcharcha02/06/20230603

In exercise of the powers conferred by clause (XI) of the proviso to clause (x) of subsection (2) of section 56 read with section 295...

GST GST Latest

GST Update – Extension of due dates of GSTR 1, GSTR 3B and GSTR 7 for April 2023 in the state of Manipur

Team Taxcharcha02/06/202304/10/2023

by Team Taxcharcha02/06/202304/10/20230619

The CBIC vide Notification No. 11,12,13 – Central Tax have extended the due dates of furnishing the GSTR1, GSTR 3B and GSTR 7 respectively for...

GST Latest

GST Update – Implementation of e-invoicing for taxpayers having ATO exceeding Rs. 5 Crores

Team Taxcharcha01/06/2023

by Team Taxcharcha01/06/20230476

The CBIC vide Notification No. 10/2023-Central Tax has notified that the e-invoicing shall be applicable on the taxpayers having Aggregate Turnover exceeding Rs. 5 Crores...

GST Latest

GST Update – Extension of time limit for issuance of order u/s. 73 of the Act

Team Taxcharcha01/06/2023

by Team Taxcharcha01/06/20230379

The CBIC vide Notification No. 9/2023-Central tax has extended the time limit for the issuance of the Notice u/s. 73 of the Act. Financial Year...

GST Latest

GST Update – Amnesty to GSTR-10 non-filers

Team Taxcharcha01/06/2023

by Team Taxcharcha01/06/20230375

The CBIC vide Notification No. 8/2023-Central Tax has provided the amnesty to the non filers of GSTR 10. The maximum late fee for filing the...

GST Latest

GST Update – Rationalisation of late fee for GSTR-9 and Amnesty to GSTR-9 non-filers

Team Taxcharcha01/06/202301/06/2023

by Team Taxcharcha01/06/202301/06/20230290

In the Notification No. 07/2023-Central tax, the CBIC has notified that from FY 2022-23 onwards, the late fee in respect of the filing of GSTR...

GST Latest

GST Update – Amnesty scheme for deemed withdrawal of assessment orders issued under Section 62

Team Taxcharcha01/06/2023

by Team Taxcharcha01/06/20230207

The CBIC vide Notification no. 6/2023-Central tax dated 31st March 2023 has notified the Amnesty scheme for deemed withdrawal of assessment order issued under Section...

GST Latest

Standard Operating Procedure for Scrutiny of Returns for FY 2019-20

Team Taxcharcha01/06/2023

by Team Taxcharcha01/06/20230388

The Central Board of Indirect Taxes and Customs (CBIC) has issued the Standard Operating Procedure for Scrutiny of Returns for FY 2019-20 on 26th May...

GST Latest

GST Update – Guidelines for Special All-India Drive against fake registrations

Team Taxcharcha01/06/2023

by Team Taxcharcha01/06/20230293

The CBIC has issued the guidelines for Special All India Drive against fake registrations which will take place between 16th May 2023 to 15th July...