Latest Archives - Page 5 of 36

Clarification for TDS under section 194S for transactions other than those taking place on or through an exchange

Team Taxcharcha30/06/2022

by Team Taxcharcha30/06/202201047

The Central Board of Direct Taxes has notified the circular No. 14/2022 in which the guidelines regarding the nature of transactions pertaining to section 194S...

GST Latest

Recommendations of 47th GST Council Meeting

Team Taxcharcha30/06/2022

by Team Taxcharcha30/06/20220787

The 47th GST Council Meeting has been concluded on 28th and 29th June 2022 respectively in which various recommendations and decisions regarding the GST rate...

Company Law Latest

MCA extends Form 11 due date for FY 2021-22 till 15th July 2022

Team Taxcharcha29/06/2022

by Team Taxcharcha29/06/202201577

The Ministry of Corporate Affairs (MCA) has extended the due date of Form 11 of FY 2021-22 till 15th July 2022. The said decision has...

Latest

PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal

Team Taxcharcha23/06/2022

by Team Taxcharcha23/06/20220762

“Dr Shyama Prasad Mukherjee’s policies, decisions, resolve, and their fulfilment were very important in giving direction to independent India”: Prime Minister “Exports play a key...

Income Tax Latest

Income Tax Department conducts searches in Rajasthan and Mumbai

Team Taxcharcha23/06/2022

by Team Taxcharcha23/06/20220618

Income Tax Department carried out search and seizure operations on 16.06.2022 on a business group involved in retail and export sale of handicrafts, cash financing,...

Income Tax Latest

Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income tax Act 1961

Team Taxcharcha22/06/2022

by Team Taxcharcha22/06/20220826

Central Board of Direct Taxes (CBDT) has issued the Circular No. 13/2022 in which certain questions have been answered with respect to the taxability of...

Income Tax Latest

Notification of Form 26QE and Form 16E for TDS deduction under section 194S of the Income tax act

Team Taxcharcha22/06/2022

by Team Taxcharcha22/06/202201576

On 22nd June 2022, the Central Board of Direct Taxes (CBDT) has notified the Income Tax (19th Amendment) Rules 2022 in which the procedures related...

Income Tax Latest

Safe harbour rules for AY 2022-23 for the purpose of Income tax act 1961

Team Taxcharcha20/06/2022

by Team Taxcharcha20/06/20220691

The Central Board of Direct Taxes (CBDT) has notified the safe harbour rules for A Y 2022-23 by amending the Rule 10TD(3B) of the Income...

Income Tax Latest

CBDT notifies no deduction of TDS on account of lease of aircraft on payments to units located in IFSC

Team Taxcharcha20/06/202220/06/2022

by Team Taxcharcha20/06/202220/06/20220588

The Central Board of Direct Taxes (CBDT) has notified the Notification No. 65/2022 in which it has been specified that the payment in the nature...

Income Tax Latest

CBDT notifies additional conditions for exemption of income under section 10 clause 4D

Team Taxcharcha19/06/202219/06/2022

by Team Taxcharcha19/06/202219/06/20220579

CBDT has issued the Notification No. 64/2022 on 16th June 2022 in which it has been notified that the income attributable to units held by...

Income Tax Latest

Clarification regarding Form No. 10AC issued till the date of this circular

Team Taxcharcha19/06/2022

by Team Taxcharcha19/06/20220598

Central Board of Direct Taxes (CBDT) has issued the Circular No. 11/2022 in which clarification regarding Form No. 10AC issued till date of the circular...

Income Tax Latest

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

Team Taxcharcha19/06/2022

by Team Taxcharcha19/06/20220790

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 Taxcharcha17/06/202217/06/20220956

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 Taxcharcha08/06/202208/06/20220980

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 Taxcharcha08/06/20220974

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 Taxcharcha07/06/202201520

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 Taxcharcha31/05/202201204

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 Taxcharcha31/05/20220976

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 Taxcharcha27/05/202201080

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...

GST Latest

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

Team Taxcharcha26/05/202226/05/2022

by Team Taxcharcha26/05/202226/05/20220917

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 Taxcharcha22/05/202222/05/202201884

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...