Team Taxcharcha - Taxcharcha

Guidelines for removal of difficulties under sub section (2) of section 194R of the Income tax act 1961

Team Taxcharcha19/06/2022

by Team Taxcharcha19/06/20220905

From 01-07-2022, a new section for TDS 194R will become effective. So in order to reduce the difficulties of the stakeholders, the CBDT has issued...

Income Tax Latest

Cost Inflation Index for FY 2022-23

Team Taxcharcha17/06/202217/06/2022

by Team Taxcharcha17/06/202217/06/202201063

The Central Board of Direct Taxes (CBDT) has notified the Cost Inflation Index for FY 2022-23 as 331 vide Notification No. 62/2022. The said notification...

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RBI hikes Repo Rate by 50 basis points

Team Taxcharcha08/06/202208/06/2022

by Team Taxcharcha08/06/202208/06/202201054

Key Policy Rates The Monetary Policy Committee of Reserve Bank of India, which met from 6-8 June 2022, has unanimously decided to hike the Repo...

GST Latest

Waiver of Interest for certain E Commerce operators for specified tax periods

Team Taxcharcha08/06/2022

by Team Taxcharcha08/06/202201059

The Central Board of Indirect Taxes and Customs (CBIC) has issued the Notification No. 08/2022-Central Tax dated 07-06-2022 in which waiver of Interest has been...

Latest Students Section

Clause by clause analysis of Proposed scheme of Education and Training by ICAI

Team Taxcharcha07/06/2022

by Team Taxcharcha07/06/202201755

Amendments to Chartered Accountants Regulations Certificate of Practice A person shall be eligible for the Certificate of Practice on completion of 1 year of post...

Income Tax Latest

CBDT extends UDIN updation till 30-06-2022

Team Taxcharcha31/05/2022

by Team Taxcharcha31/05/202201304

CBDT has further extended the timeline to update the UDIN on the Income tax portal by the Chartered Accountants from 31-05-2022 to 30-06-2022....

Company Law Latest

MCA relaxes Additional fee for filing all LLP forms falling between 25th February 2022 to 31st May 2022 upto 30th June 2022

Team Taxcharcha31/05/2022

by Team Taxcharcha31/05/202201074

The Ministry of Corporate Affairs (MCA) has issued the General Circular No. 6/2022 in which it has been notified that all the LLP filings, the...

Company Law Latest

Form 11 for LLPs can be filed without additional fee till 30-06-2022

Team Taxcharcha27/05/2022

by Team Taxcharcha27/05/202201164

Ministry of Corporate Affairs vide General Circular No. 04/2022 has relaxed the additional fee for filing the Form 11 for Limited Liability Partnership (LLPs) till...

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GST Investigation Wing issues Instruction regarding voluntarily payment of tax during search, investigation or inspection

Team Taxcharcha26/05/2022

by Team Taxcharcha26/05/20220899

The GST Investigation Wing has released the Instructions regarding the deposit of tax during search, inspection, or investigation. In the Instructions, it has been said...

GST Latest

Waiver of late fee for filing Form GSTR 4 for the FY 2021-22

Team Taxcharcha26/05/202226/05/2022

by Team Taxcharcha26/05/202226/05/202201001

The CBIC, vide Notification No. 07/2022 – Central Tax, has issued the notification in which it has been notified that the late fee for filing...

G.S.T Latest Recent Case Laws

Union of India vs. Mohit Minerals Pvt. Ltd. – No GST under RCM on Ocean Freight on CIF basis

Team Taxcharcha22/05/202222/05/2022

by Team Taxcharcha22/05/202222/05/202202056

On 19th May 2022, the Supreme Court of India bench comprising Hon’ble Justice Dhananjaya Y Chandrachud, Hon’ble Justice Surya Kant and Hon’ble Justice Vikram Nath...

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Information Systems Audit – Assessment Test to be held on 9th July 2022

Team Taxcharcha18/05/2022

by Team Taxcharcha18/05/202201283

ICAI has announced the Information System Audit Assessment Test to be held on 9th July 2022 along with the respective cities in which the Members...

GST Latest

GSTR 2B available on GST portal for April 2022

Team Taxcharcha18/05/2022

by Team Taxcharcha18/05/20220642

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Income Tax Latest

Circular regarding use of functionality under Section 206AB and 206CCA of Income tax act 1961

Team Taxcharcha18/05/2022

by Team Taxcharcha18/05/20220966

The Central Board of Direct Taxes (CBDT) has issued the Circular No. 10 of 2022 dated 17th May 2022 in which the changes incorporated in...

GST Latest

Due date for GSTR 3B for April 2022 extended

Team Taxcharcha17/05/202218/05/2022

by Team Taxcharcha17/05/202218/05/202201546

The Central Board of Indirect Taxes and Customs has extended the due date of filing the GSTR 3B for the month of April 2022 from...

Income Tax Latest

CBDT issues guidelines for selection of returns for complete scrutiny of returns for FY 2022-23

Team Taxcharcha16/05/2022

by Team Taxcharcha16/05/20220866

CBDT has issued the guidelines for compulsory selection of returns for complete scrutiny during the Financial Year 2022-23. In the guidelines, the following perimeters have...

Income Tax Latest

Instruction by CBDT regarding the implementation of judgement of Supreme Court of India

Team Taxcharcha16/05/202216/05/2022

by Team Taxcharcha16/05/202216/05/202201558

An instruction dated 11-05-2022 has been issued by the CBDT to implement the Supreme Court of India decision in the case of Union of India...

GST Latest

GSTR 2A to be considered for ITC for the month of April 2022

Team Taxcharcha16/05/202216/05/2022

by Team Taxcharcha16/05/202216/05/202201757

For the month of April 2022, the due date to file the GSTR 3B is 20th May 2022 in the case of monthly return filers....

Income Tax Latest

Notification of Form ITR U for filing Updated Return of Income

Team Taxcharcha30/04/2022

by Team Taxcharcha30/04/202202756

The Central Board of Direct Taxes (CBDT) has notified the Rule 12AC regarding the furnishing of Updated return of Income. The Form ITR U has...

Income Tax Latest

CBDT extends timeline to update UDIN till 31st May 2022

Team Taxcharcha30/04/2022

by Team Taxcharcha30/04/202201402

CBDT has extended the timeline to update the UDIN till 31st May 2022 from 30th April 2022. Last date to update UDIN on the Income...

GST Latest

Enhancements deployed on the GSTR 1 on GST portal

Team Taxcharcha27/04/2022

by Team Taxcharcha27/04/20220904

The statement of outward supplies in FORM GSTR-1 is to be furnished by all normal taxpayers on a monthly or quarterly basis, as applicable. Quarterly...

Income Tax Latest

Additional conditions for filing of Income tax returns

Team Taxcharcha27/04/2022

by Team Taxcharcha27/04/20220697

Thee Central Board of Direct Taxes (CBDT) has issued the Notification No. 37/2022 dated 21st April 2022 in which certain additional conditions have been specified...

Company Law Latest

Amendment in Companies (Management and Administration) Rules

Team Taxcharcha07/04/2022

by Team Taxcharcha07/04/202201190

The Ministry of Corporate Affairs (MCA) has amended the Companies (Management and Administration) Rules 2014. In the Rules, a new sub rule (3) has been...

GST Latest

GST rate change on Bricks

Team Taxcharcha04/04/2022

by Team Taxcharcha04/04/202203505

The Central Board of Indirect Taxes and Customs (CBIC) has changed the GST rate on Bricks with effect from 01-04-2022 in two slabs vide Notification...

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Online Process for Formation of Networking of CA Firms Launched

Team Taxcharcha04/04/2022

by Team Taxcharcha04/04/20220908

The Institute of Chartered Accountants of India (ICAI) has launched the online process for formation of Networking of CA firms, as per new networking guidelines approved...