Saurabh Khullar, Author at Taxcharcha

Changes in the Black Money Act provisions related to disclosure of foreign assets or income in Income tax returns

Saurabh Khullar06/08/2024

by Saurabh Khullar06/08/2024084

With the increasing cross border investment, there has been an inadvertent requirement for the changes in the provisions related to the Black Money Act, 2015...

Income Tax Latest

Changes in allowed partnership remuneration and TDS on payment to Partners in case of Partnership firms

Saurabh Khullar02/08/2024

by Saurabh Khullar02/08/20240165

In the Finance Bill (No.2) 2024, the amendments have been made for the taxation of the Partnership firms. In the first instance, the provisions of section...

Income Tax Latest

Budget (No. 2) 2024 updates – Increase in the standard deduction for salaried individuals

Saurabh Khullar01/08/2024

by Saurabh Khullar01/08/20240107

For the salaried persons, there has been a demand for the increase in the benefits to the individuals from a very long time. After the...

Income Tax Latest

Download Finance Bill (No. 2) 2024 and Memorandum explaining the provisions in Finance Bill

Saurabh Khullar01/08/2024

by Saurabh Khullar01/08/20240105

The first Union Budget for Modi 3.0 Government has been presented on 23rd July 2024. To download the Finance Bill and Memorandum explaining the provisions...

GST Latest

Recommendations of 53rd GST Council Meeting

Saurabh Khullar23/06/2024

by Saurabh Khullar23/06/20240160

The 53rd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting...

Latest

Cabinet portfolio of Modi 3.0 Government

Saurabh Khullar10/06/2024

by Saurabh Khullar10/06/20240155

The President of India, as advised by the Prime Minister, has directed the allocation of portfolios among the following members of the Union Council of...

Income Tax Latest

Income tax update – Amended in Form 27Q

Saurabh Khullar31/05/2024

by Saurabh Khullar31/05/20240188

The Central Board of Direct Taxes (CBDT) has amended the Form 27Q by inserting the Note 7A under the head “Verification”. The notification reads as...

Latest

Information System Audit – Assessment test on 13th July 2024

Saurabh Khullar29/05/2024

by Saurabh Khullar29/05/20240277

The Institute of Chartered Accountants of India (ICAI) has issued the announcement on 29th May 2024 in which it has been stated that the Assessment...

Blogs Latest

CPE hours requirement for Chartered Accountants from 01-01-2024 onwards

Saurabh Khullar29/05/2024

by Saurabh Khullar29/05/20240410

With effect from 01-01-2024, the norms for CPE hours have changed for the CA members. The basic requirement for the CA members with respect to...

Income Tax Latest

Cost Inflation Index for FY 2024-25

Saurabh Khullar25/05/2024

by Saurabh Khullar25/05/20240215

The Ministry of Finance has notified the Cost Inflation Index for FY 2024-25, which is 363. Financial Year Cost Inflation Index 2001-02 (Base year) 100...

Students Section

Announcement of Dates for CA Foundation and CA Inter September 2024 dates

Saurabh Khullar19/05/2024

by Saurabh Khullar19/05/20240184

In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to announce...

Students Section

ICAI announces launch of self placed modules test (SPMT) portal for CA Final examinations

Saurabh Khullar19/05/2024

by Saurabh Khullar19/05/20240177

The Examination Department of ICAI has launched Self-Paced Module Test (SPMT) Portal – https://spmt.icai.org for the candidates who have completed prescribed learning hours for respective...

Students Section

ICAI announces applicable publications for CA Foundation and CA Inter for September 2024 examinations

Saurabh Khullar19/05/2024

by Saurabh Khullar19/05/20240189

The Institute of Chartered Accountants of India has announced applicable publications for CA foundation and CA Inter which are relevant for September 2024 examinations. FOUNDATION...

Students Section

Mock Test Papers Series – II & Series III for Students appearing in CA Foundation June 2024 Examinations

Saurabh Khullar19/05/2024

by Saurabh Khullar19/05/20240213

The Board of Studies is commencing Mock Test Papers Series – II & Series III from 22nd May, & 5th June, 2024 for Students appearing...

Blogs Income Tax Latest

Understanding the Assessment year and Previous year

Saurabh Khullar19/05/202419/05/2024

by Saurabh Khullar19/05/202419/05/20240236

In Indian income tax laws, understanding the concepts of the assessment year (AY) and the previous year (PY) is crucial for taxpayers to correctly determine...

Blogs Income Tax Latest

All about the New tax regime for AY 2024-25

Saurabh Khullar17/05/2024

by Saurabh Khullar17/05/20240268

The Income tax department has released the utilities and forms for the filing of Income tax returns for the AY 2024-25. For the filing of...

Income Tax Latest

Circular 7/2024 – Income Tax || Extension of due date for filing of Form No. 10A/10AB under the Income tax act

Saurabh Khullar28/04/2024

by Saurabh Khullar28/04/20240260

The Income Tax Department vide circular dated 25th April 2024 has extended the due date for filing of Form No. 10A/10AB till 30-06-2024. The due...

Income Tax Latest

Circular 6/2024 – Income Tax || Extension of date for PAN become operative in case of non deduction of TDS at higher rates

Saurabh Khullar27/04/202427/04/2024

by Saurabh Khullar27/04/202427/04/20240214

The Income Tax Department has issued the Circular No. 6/2024 dated 23rd April 2024 in which it has been stated that the Department shall not...

Students Section

Commencement of Live Virtual Classes (LVC Batch – 2) under the New Scheme from 27th April 2024 for the students of CA Foundation/Intermediate/Final courses appearing in September/November 2024 examinations

Saurabh Khullar27/04/2024

by Saurabh Khullar27/04/20240249

Board of Studies announces the commencement of 2nd Batch of ‘Live Virtual Classes’ under the New Scheme of Education and Training. To handhold and support...

Students Section

Re-opening of online empanelment of members to act as Obervers for May / June 2024 examinations

Saurabh Khullar27/04/2024

by Saurabh Khullar27/04/20240233

The Institute of Chartered Accountants of India (ICAI) has decided to reopen the online empanelment of members to act as observers at the examination centres...

Students Section

Mock Test Papers Series – I for Students appearing in CA Foundation June 2024 Examinations

Saurabh Khullar27/04/2024

by Saurabh Khullar27/04/20240303

The Institute of Chartered Accountants of India (ICAI) has announced the mock test paper series – I for the students appearing in June 2024 examination...

Students Section

ICAI – Cut-off date for enrollment in Foundation /Intermediate Course for appearing in September 2024/ January, 2025 Examinations

Saurabh Khullar27/04/2024

by Saurabh Khullar27/04/20240236

The Institute has decided that from May/June 2024 onwards, Intermediate & Foundation course Examinations will be held thrice in a year in the month of May/June, September and...

GST Latest

GSTN advisory – Enhancement in GST portal

Saurabh Khullar27/04/2024

by Saurabh Khullar27/04/20240236

Dear Taxpayers, 1. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is...

GST Latest

Extension of due date of gstr1 of March 2024

Saurabh Khullar11/04/202411/04/2024

by Saurabh Khullar11/04/202411/04/20240387

Due to the technical difficulties being faced while filing the GSTR1 for March 2024, the GST Tech (@Infosys_GSTN) has given the recommendation to CBIC to...

Income Tax Latest

CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims

Saurabh Khullar11/04/2024

by Saurabh Khullar11/04/20240205

The Central Board of Direct Taxes (CBDT) has clarified on 8th April 2024 where it has been clarified that no special drive to re-open the...