Category : Latest
Taxability of Virtual Digital Assets in Finance Bill 2022
In the Finance Bill 2022, the much-needed question has been answered regarding the Crypto currency and other virtual assets shall be allowed to be traded...
Finance Bill 2022 along with Memorandum explaining Finance Bill 2022
To download the Finance Bill 2022 and memorandum explaining the Finance Bill 2022, click here Finance Bill 2022 Memorandum explaining Finance Bill 2022...
ICAI makes FRN filed mandatory for UDIN generation
With effect from 1st February 2022, the ICAI has made it mandatory for the Members to enter FRN while generating the UDIN. In case the...
CBDT extends last date for updating UDINs for all IT forms at e-filing portal to 30.04.2022
CBDT has extended the last date for updating the last date for updating UDINs for all the IT forms at the e-filing portal till 30th...
CBDT notifies rule to compute capital gain on sum received under a specified Unit Linked Insurance Policy
The CBDT has notified the Rules for computing the capital gain on sum received under a specified Unit Linked Insurance Plan by inserting Rule 8AD...
CBDT extends due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961
On consideration of difficulties reported by the taxpayers and other stakeholders due to COVID and in electronic filing of various reports of audit under the...
Relaxation on levy of additional fee in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 (XBRL) and MGT-7 / 7A for FY 2020-21
On 29th December 2021, the Ministry of Corporate Affairs (MCA) has issued the General Circular No. 22/2021 for relaxation of additional fee in filing of...
Extension of last date for complying with the mandatory CPE hours’ requirements for the Calendar Year 2021 either in physical/offline mode or in virtual mode through VCM/DLH – from 31st December, 2021 to 28th February, 2022
Dear Member, In view of impact of Covid-19 across the world and the difficulties faced by Members for completing their mandatory CPE hours’ requirements during...
Income tax issues guidelines under sub section (4) of section 194O, sub section (3) of section 194Q and sub section (1-I) of section 206C of Income Tax Act
The Income Tax Department has issued the Guidelines under sub section (4) of section 194-O, sub section (3) of section 194-Q and sub section (1-I)...
ICAI releases the schedule for Information Systems Audit Test
The Institute of Chartered Accountants of India (ICAI) has released the schedule of Information Systems Audit examination (ISA). The ISA test will be held on...
Further Extension of Last Date for Submitting MEF 2021-22 from November 20 to November 25, 2021 – (20-11-2021)
The Professional Development Committee has extended the last date for submitting the Multi-Purpose Empanelment Form (2021-22) for the year 2021-22 from 20th November 2021 to...
CBIC issues GST rate notifications
The Central Board of Indirect Taxes and Customs (CBIC) has issued the various notifications regarding the GST rate changes. Notification No. 14/2021 – Central Tax...
CBIC issues clarification on GST refund related issues
Various representations have been received from taxpayers and other stakeholders seeking clarification in respect of certain issues relating to refund. The issues have been examined....
Circular No. 165/21/2021-GST – No requirement of QR code if the payment is received in convertible foreign currency or in Indian Rupees as permitted by RBI
On 17th November 2021, the CBIC has released the clarification vide Circular No. 165/21/2021 – GST, In the clarification, it has been specifically stated that...
CBIC amends Notification No. 39/2017 – Central tax rate
In exercise of the powers conferred by sub-section (1) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the...
CBIC amends Notification No. 4/2017 – Central Tax (Rate)
In exercise of the powers conferred by sub-section (3) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the...
CBIC amends Notification No. 2/2017 – Central Tax (Rate)
In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the...
CBIC notifies change in GST rate of goods
In exercise of the powers conferred by sub-section (1) of section 9 and sub- section (5) of section 15 of the Central Goods and Services...
CBIC clarifies non requirement of AADHAR authentication for persons referred in Notification No. 03/2021-Central Tax
The CBIC has notified the amendment in Notification No. 3/2021-Central tax stated that the persons referred in that Notification are excluded from getting the AADHAR...
CBIC notifies AADHAR authentication for various purposes, insertion of Sub Rule (1A) to Rule 89
In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on...
CBIC clarifies export of services for establishment of distinct persons
The Central Board of Indirect Taxes and Customs (CBIC) has notified the Circular No. 161/17/2021 in which the ambiguity regarding the export of services to...
CBIC changes the rate of various services vide Notification No. 06/2021 – Central Tax (Rate)
The Central Board of Indirect Taxes and Customs (CBIC) ha notified the Notification No. 06/2021 – Central Tax (Rate) in which the following changes have...
CBIC clarifies issues related to claiming ITC of debit note, carrying of e-invoice with e-way bill and refund of NIL rate of export duty
The Central Board of Indirect Taxes and Customs (CBIC) has notified the circular in which clarifications have been issued for various items which are as...
CBIC clarifies the doubts over Intermediary services
The Central Board of Indirect Taxes and Customs (CBIC) has issued the circular no. 159/15/2021 – GST clarifying the doubts related to Intermediary services. In...
MCA extends timeline to conduct Annual General Meeting
Ministry of Corporate Affairs has extended the timeline to conduct the Annual General Meeting of the Companies for the Financial Year ended on 31-03-2021....