Latest Archives - Page 6 of 36

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

Team Taxcharcha16/05/2022

by Team Taxcharcha16/05/20220764

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 Taxcharcha16/05/202216/05/202201473

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 Taxcharcha16/05/202216/05/202201644

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 Taxcharcha30/04/202202656

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 Taxcharcha30/04/202201336

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 Taxcharcha27/04/20220819

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 Taxcharcha27/04/20220610

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 Taxcharcha07/04/202201111

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 Taxcharcha04/04/202203132

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 Taxcharcha04/04/20220815

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...

Company Law Latest

ICAI releases Guidance Note on the Companies (Auditor’s Report) Order 2020

Team Taxcharcha03/04/2022

by Team Taxcharcha03/04/202201248

The Institute of Chartered Accountants of India (ICAI) has issued the Guidance Note on the Companies (Auditor’s Report) Order 2020 on 2nd April 2022. To...

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Deferment of certain provisions of Volume – I of Code of Ethics 2019

Team Taxcharcha03/04/2022

by Team Taxcharcha03/04/20220729

As the members are aware, the revised 12th edition of Code of Ethics has come into effect from 1st July, 2020. It is accessible on...

Income Tax Latest

Income Tax Department conducts searches in Delhi-NCR on Automobile Manufacturing Group, Company Operating Chartered Flights and Real Estate Groups

Team Taxcharcha03/04/2022

by Team Taxcharcha03/04/20220824

The Income Tax Department conducted a search and seizure operation on a leading automobile manufacturer group along with a company operating chartered flights and a...

Income Tax Latest

Signing of 62 Advance Pricing Agreements by CBDT in FY 2021-22

Team Taxcharcha03/04/202203/04/2022

by Team Taxcharcha03/04/202203/04/20220875

The Central Board of Direct Taxes (CBDT) has entered into 62 Advance Pricing Agreements (APA) in FY 2021-22 with Indian taxpayers. This includes 13 Bilateral...

GST Latest

GST record collection in the month of March 2022 breaching earlier record

Team Taxcharcha03/04/2022

by Team Taxcharcha03/04/20220668

The gross GST revenue collected in the month of March 2022 is ₹ 1,42,095 crore of which CGST is ₹ 25,830 crore, SGST is ₹ 32,378 crore, IGST is ₹...

Income Tax Latest

Non applicability of TCS on foreign remittance by Non residents

Team Taxcharcha02/04/2022

by Team Taxcharcha02/04/20220739

The Central Board of Direct Taxes (CBDT) have issued the Notification No. 20/2022 in which it has been stated that the provisions of section 206C(1G)...

Income Tax Latest

Extension of time limit for electronic filing of Form No. 10AB for seeking registration or approval under section 10(23C), 12A or 80G of Income Tax Act

Team Taxcharcha02/04/202202/04/2022

by Team Taxcharcha02/04/202202/04/202201028

The Central Board of Direct Taxes (CBDT) has extended the due date of filing the electronic form no. 10AB for seeking registration or approval under...

Company Law Latest

MCA defers the implementation of Audit Trail and extends the due date of filing Form CSR 2

Team Taxcharcha02/04/2022

by Team Taxcharcha02/04/20220953

Ministry of Corporate Affairs (MCA) has deferred the implementation of Audit Trail from 01-04-2022 till 01-04-2023 and has also extended the filing of Form CSR...

Income Tax Latest

CBDT notifies ITR Forms for AY 2022-23 [ITR 1 to ITR 7]

Team Taxcharcha02/04/2022

by Team Taxcharcha02/04/202201084

The Central Board of Direct Taxes (CBDT) has notified the ITR Forms for AY 2022-23. It is pertinent to note that forms for ITR 1...

Income Tax Latest

Payment of late fee for PAN AADHAR linking if done after due date

Team Taxcharcha02/04/2022

by Team Taxcharcha02/04/20220926

The Central Board of Direct Taxes (CBDT) has issued the Notification No. 17/2022 on 29th March 2022 in which it has been notified that those...

Income Tax Latest

The President of India assented the Finance Act 2022

Team Taxcharcha01/04/2022

by Team Taxcharcha01/04/20220675

The President of India has assented the Finance Act 2022 on 30-03-2022. To view and download the Finance Act 2022, click here...

Blogs GST Latest

Analysis of Standard Operating Procedures for scrutiny of GST returns for FY 2017-18 and FY 2018-19

Team Taxcharcha26/03/2022

by Team Taxcharcha26/03/202201540

On 22nd March 2022, Central Board of Indirect Taxes and Customs (CBIC) has issued the Standard Operating Procedures for scrutiny of returns for FY 2017-18...

GST Latest

CBIC issued Instructions for scrutiny of returns for FY 2017-18 and FY 2018-19

Team Taxcharcha23/03/2022

by Team Taxcharcha23/03/202201032

Central Board of Indirect Taxes & Customs (CBIC) has issued the Instructions for the scrutiny of returns filed for the FY 2017-18 and FY 2018-19...

GST Latest

Applicability of E-Invoicing for Taxable persons having Turnover of more than Rs. 20 Crores

Team Taxcharcha18/03/2022

by Team Taxcharcha18/03/20220600

Central Board of Indirect Taxes and Customs (CBIC) has issued the Notification No. 1/2022 dated 24th February 2022 in which it has been specified that...

Income Tax Latest

Circular 4 of 2022 – TDS on Salary

Team Taxcharcha18/03/202218/03/2022

by Team Taxcharcha18/03/202218/03/202201019

Central Board of Direct Taxes (CBDT) has issued the Circular no. 04/2022 dated 15-03-2022 in which the procedure for deducting the TDS on the salaries...