Recommendations of 53rd GST Council Meeting
The 53rd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting...
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Cabinet portfolio of Modi 3.0 Government
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 update – Amended in Form 27Q
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...
Information System Audit – Assessment test on 13th July 2024
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...
CPE hours requirement for Chartered Accountants from 01-01-2024 onwards
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...
Cost Inflation Index for FY 2024-25
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...
Understanding the Assessment year and Previous year
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...
All about the New tax regime for AY 2024-25
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...
Circular 7/2024 – Income Tax || Extension of due date for filing of Form No. 10A/10AB under the Income tax act
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...
Circular 6/2024 – Income Tax || Extension of date for PAN become operative in case of non deduction of TDS at higher rates
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...
GSTN advisory – Enhancement in GST portal
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...
Extension of due date of gstr1 of March 2024
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...
CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims
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...
Press release – Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024
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...
Notification regarding time limit for verification of return of income after uploading
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...
Press release – Clarification regarding applicability of new tax regime and old tax regime
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...
Changes in ITR form V and Acknowlegement for A.Y 2024-25
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...
MCA issues advisory for the filing of CSR form for FY 2022-23
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...
Re-Opening Of Correction Window For May 2024 Ca Examinations
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...
Reschedulement Of Chartered Accountant Examinations, May 2024
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Revised Applicability of Peer Review Mandate (Phase II & III)
The Institute of Chartered Accountants of India (ICAI) has extended the applicability of Peer Review Mandate vide announcement dated 16th March 2024. Phase Category...
ICAI announces the re-scheduling of May 2024 exams
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....
Delhi GST Department issues Instructions for Rectification of Orders
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...
ICAI releases GST Acts and Rules – Bare Law – updated upto January 2024
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...
GSTIN enables Two factor authentication for taxpayers
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...
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