taxcharcha Archives - Taxcharcha

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 Khullar27/04/2024023

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...

GST Latest

GSTN advisory – Enhancement in GST portal

Saurabh Khullar27/04/2024

by Saurabh Khullar27/04/2024025

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...

Income Tax Latest

Notification regarding time limit for verification of return of income after uploading

Team Taxcharcha02/04/202402/04/2024

by Team Taxcharcha02/04/202402/04/20240138

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...

Blogs Latest

Delhi GST Department issues Instructions for Rectification of Orders

Team Taxcharcha07/03/202407/03/2024

by Team Taxcharcha07/03/202407/03/20240228

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...

GST Latest

ICAI releases GST Acts and Rules – Bare Law – updated upto January 2024

Team Taxcharcha24/01/202407/03/2024

by Team Taxcharcha24/01/202407/03/20240412

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...

Business Latest

Application Deadline for the National Startup Awards 2023 extended till15th June 2023

Team Taxcharcha02/06/202302/06/2023

by Team Taxcharcha02/06/202302/06/202302229

The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry introduced the National Startup Awards (NSA) in 2020....

GST Latest

₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth

Team Taxcharcha02/06/202306/10/2023

by Team Taxcharcha02/06/202306/10/202301398

The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST...

GST Latest

GST Update – Rationalisation of late fee for GSTR-9 and Amnesty to GSTR-9 non-filers

Team Taxcharcha01/06/202301/06/2023

by Team Taxcharcha01/06/202301/06/20230290

In the Notification No. 07/2023-Central tax, the CBIC has notified that from FY 2022-23 onwards, the late fee in respect of the filing of GSTR...

GST Latest

GST Update – Amnesty scheme for deemed withdrawal of assessment orders issued under Section 62

Team Taxcharcha01/06/2023

by Team Taxcharcha01/06/20230208

The CBIC vide Notification no. 6/2023-Central tax dated 31st March 2023 has notified the Amnesty scheme for deemed withdrawal of assessment order issued under Section...

GST Latest

GST Update – Guidelines for Special All-India Drive against fake registrations

Team Taxcharcha01/06/2023

by Team Taxcharcha01/06/20230293

The CBIC has issued the guidelines for Special All India Drive against fake registrations which will take place between 16th May 2023 to 15th July...

Income Tax Latest Uncategorized

Income Tax update – CBDT introduces E-appeal scheme

Team Taxcharcha01/06/202301/06/2023

by Team Taxcharcha01/06/202301/06/20230525

The Central Board of Direct Taxes (CBDT) has notified the E-appeal scheme 2023 in which the Joint Commissioner (Appeals) have been made the designated authority....

Income Tax Latest

Income Tax Update – Filing of SFT extended for few days

Team Taxcharcha01/06/202303/03/2024

by Team Taxcharcha01/06/202303/03/20240524

In the twitter notification by the Income tax department, the department has notified that due to the heavy traffic while filing the SFT, some taxpayers...

Income Tax Latest

Income Tax Update – Clarification regarding provisions relating to charitable and religious trust

Team Taxcharcha30/05/2023

by Team Taxcharcha30/05/20230264

The Central Board of Direct Taxes (CBDT) has issued the clarification regarding provisions relating to charitable and religious trusts vide Circular No. 6 of 2023...

Income Tax Latest

Income Tax Update – Treatment of TDS on online gaming, amendment in section 194N and amendment in Form 16 for AY 2024-25

Team Taxcharcha30/05/202330/05/2023

by Team Taxcharcha30/05/202330/05/20230271

The Central Board of Direct Taxes (CBDT) has notified the Notification No. 28/2023 in which there has been an amendment in Section 194N, prescribing the...

Income Tax Latest

Income tax Update – CBDT enlists 3 categories of persons not covered under the Angel tax provisions

Team Taxcharcha30/05/2023

by Team Taxcharcha30/05/20230220

The CBDT has notified the 3 categories of persons whose investments in the Closely Held Companies shall not be covered within the ambit of Angel...

Income Tax Latest

Income Tax Update : Limit of Leave Encashment extended for Non Government Employees

Team Taxcharcha29/05/2023

by Team Taxcharcha29/05/20230267

The Central Board of Direct Taxes (CBDT) has extended the limit of Leave Encashment for the Non Government employees from Rs. 3,00,000/- to Rs. 25,00,000/- ...

Income Tax Latest

CA, CS and CMA brought under the PMLA net

Team Taxcharcha04/05/202304/05/2023

by Team Taxcharcha04/05/202304/05/20230524

On 3rd May 2023, the Ministry of Finance has issued the notification in which the CA, CS and CMA have been brought under the definition...

GST Latest

GSTN launches e-invoice registration services with private IRPs

Team Taxcharcha05/03/2023

by Team Taxcharcha05/03/20230721

In another step towards further digitization of the business process flow, GSTN has launched the e-invoice registration services through multiple private IRPs at the recommendation...

Company Law Latest

MCA extends time for filing 45 Company e-forms and Form PAS 03 in V3.0 without addtional fee

Team Taxcharcha07/02/2023

by Team Taxcharcha07/02/202301116

Due to change in way of filing in Version-3, including fresh process of registration of users on MCA-21 and process of stabilization of 45 forms...

Income Tax Latest

Section 115BAE – New concessional tax rate for New manufacturing Co-operative societies

Team Taxcharcha05/02/2023

by Team Taxcharcha05/02/202303224

In the Finance Bill 2023, a new section 115BAE has been proposed to be inserted providing the concessional tax regime to new manufacturing co-operative societies....

Income Tax Latest

Union Budget 2023 – Amendment in Section 35D regarding claiming deduction on amortization of preliminary expenditure

Team Taxcharcha05/02/2023

by Team Taxcharcha05/02/20230852

In the existing provisions of Section 35D, the assessee, whether an Indian Company or a person other than company who is resident in India, can...

Income Tax Latest

Union Budget 2023 – Rebate u/s. 87A enhanced for New Income tax regime

Team Taxcharcha02/02/2023

by Team Taxcharcha02/02/20230748

In the Union Budget 2023 introduced by Union Finance Minister Smt. Nirmala Sitharaman on 1st February 2023, the focus has been shifted on promoting the...