taxcharcha Archives - TaxCharcha

CBDT amends section 194A with respect to the receiver as specified in section 10(26) of Income tax act

TaxcharchaSeptember 17, 2021

by TaxcharchaSeptember 17, 2021099

—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies...

Income Tax Latest

CBDT has extended PAN AADHAR linking and date of completion of penalty proceedings

TaxcharchaSeptember 17, 2021September 17, 2021

by TaxcharchaSeptember 17, 2021September 17, 2021097

In views of the difficulties being faced by the stakeholders on account of COVID 19 pandemic, the CBDT has extended the following deadlines:- a. PAN...

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ALIGNING THE TIME LIMIT OF GENERATING UDIN FROM 15 DAYS TO 60 DAYS

TaxcharchaSeptember 17, 2021

by TaxcharchaSeptember 17, 2021041

Standard on Quality Control (SQC 1) on Retention Period for Engagement Documentation (Working Papers) requires firms to establish policies and procedures for the timely completion...

GST Latest

Relaxation in the requirement of filing of Form GST ITC 04

TaxcharchaSeptember 17, 2021September 17, 2021

by TaxcharchaSeptember 17, 2021September 17, 20210135

In the 45th GST Council Meeting, it has been recommended that there has been a relaxation in the filing of Form ITC 04. Requirement of...

GST Latest

Recommendations relating to GST rates on goods and services

TaxcharchaSeptember 17, 2021September 17, 2021

by TaxcharchaSeptember 17, 2021September 17, 20210189

In the 45th GST Council Meeting headed by Union Finance Minister Smt. Nirmala Sitharaman, various rate changes have been discussed and recommended by the GST...

GST Latest

Advisory for Taxpayers regarding Generation of EWB where the principal supply is Supply of services.

TaxcharchaSeptember 17, 2021

by TaxcharchaSeptember 17, 2021027

1. Representations have been received from various trade bodies stating that they are not able to generate EWB bill for movement of those goods where...

Blogs

Analysis of Section 44AB of Income Tax Act for FY 2020-21

TaxcharchaSeptember 16, 2021

by TaxcharchaSeptember 16, 2021047

Introduction Section 44AB of the Income tax act requires the assessee to get his accounts audited from a Chartered Accountant if any of the following...

GST GST Latest Recent Case Laws

The Supreme Court affirms the decision of Madras High Court wherein it was held that Rule 89(5) does not restrict itself to ITC on goods but it also includes ITC on services while claiming refund under Inverted Duty Structure. (13-09-2021)

TaxcharchaSeptember 15, 2021September 15, 2021

by TaxcharchaSeptember 15, 2021September 15, 2021019

Facts of the Case Writ petitions under Article 226 of the Constitution were instituted before the High Court of Gujarat and the High Court of...

Income Tax Latest

Income Tax Department conducts searches in Ahmedabad

TaxcharchaSeptember 10, 2021September 10, 2021

by TaxcharchaSeptember 10, 2021September 10, 2021028

The Income Tax Department carried out a search and seizure operation on 08.09.2021 on a group based in Ahmedabad. The group is among one of...

Income Tax Latest

Income Tax Department conducts searches in Punjab and Haryana

TaxcharchaSeptember 10, 2021

by TaxcharchaSeptember 10, 2021030

The Income Tax Department conducted search and seizure operations on 08.09.2021 on three prominent Commission agent groups based in Punjab, covering many premises across Punjab...

Income Tax Latest

CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment

TaxcharchaSeptember 10, 2021

by TaxcharchaSeptember 10, 2021027

Central Board of Direct Taxes (CBDT) has issued the clarification regarding carry forward of losses in case of changes in shareholding due to strategic disinvestment....

Income Tax Latest

CBDT extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22

TaxcharchaSeptember 9, 2021

by TaxcharchaSeptember 9, 20210628

On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment...

GST Latest

CBIC releases CGST Act 2017 updated upto 31-08-2021

TaxcharchaSeptember 9, 2021

by TaxcharchaSeptember 9, 20210202

The Central Board of Indirect Taxes and Customs (CBIC) has released the CGST Act 2017 updated as on 31-08-2021. To view and download the Act,...

Income Tax Latest

Updates on e-Filing portal of the Income Tax Department

TaxcharchaSeptember 9, 2021

by TaxcharchaSeptember 9, 20210916

The e-Filing portal of the Income Tax Department (www.incometax.gov.in) was launched on 7th June, 2021. Taxpayers and professionals have reported glitches and difficulties in the portal...

GST Latest

Clarification regarding extension of time limit to apply for revocation of cancellation of registration

TaxcharchaSeptember 9, 2021

by TaxcharchaSeptember 9, 2021038

The Central Board of Indirect Taxes and Customs (CBIC) has issued the clarification on 6th September 2021 vide Circular No. 158/41/2021 – GST in which...

Income Tax Latest

CBDT allows taxpayers an opportunity to file application for settlement

TaxcharchaSeptember 8, 2021

by TaxcharchaSeptember 8, 2021058

The Finance Act, 2021 has amended the provisions of the Income-tax Act, 1961 (“the Act”) to inter alia provide that the Income-tax Settlement Commission (“ITSC”) shall cease...

Income Tax Latest

Reply in Faceless assessment can be file via EVC in E-Proceedings at Income Tax Portal

TaxcharchaSeptember 8, 2021

by TaxcharchaSeptember 8, 2021027

The Central Board of Direct Taxes (CBDT) has published the Notification No. 101/2021 in which it has been stated that a new rule 14C shall...

GST Latest

Rule 59(6) – Restriction on filing of GSTR 1 with effect from 1-9-2021

TaxcharchaAugust 31, 2021

by TaxcharchaAugust 31, 20210175

As per the Notification no. 01/2021 – Central Tax dated 1st January 2021, it has been notified that there should be restriction on filing of...

GST Latest

Notification No. 34/2021 – Central Tax – Extension of timelines for filing of application for revocation of cancellation of registration to 30.09.2021, where due date for filing such application falls between 01.03.2020 to 31.08.2021, in cases where registration has been canceled under clause (b) or clause (c) of section 29(2) of the CGST Act

TaxcharchaAugust 29, 2021

by TaxcharchaAugust 29, 2021080

The CBIC vide Notificaiton No. 34/2021 – Central Tax has extended the time limit for making the application for revocation of cancellation of registration where...

GST Latest

Notification No. 33/2021 – Central Tax – Extension of Form GSTR 3B amnesty scheme from 31-08-2021 to 30-11-2021

TaxcharchaAugust 29, 2021

by TaxcharchaAugust 29, 2021093

The Central Board of Indirect Taxes and Customs (CBIC) has notified the Notification related to extension of GST amnesty extension in respect of filing of...

GST Latest

Notification No. 32/2021 – Central Tax – Enabling EVC for filing till 31-10-2021

TaxcharchaAugust 29, 2021August 30, 2021

by TaxcharchaAugust 29, 2021August 30, 2021073

The Central Board of Indirect Taxes and Customs (CBIC) has notified Notification No. 32/2021 dated 29-08-2021 in which the following have been stated :- a....

Income Tax Latest

Retrospective Amendment in Taxation on Indirect Transfer of Assets in India

TaxcharchaAugust 17, 2021

by TaxcharchaAugust 17, 2021061

Introduction On 5th August 2021, the Government has introduced the Taxation Laws (Amendment) Bill 2021 in which the amendment has been proposed to amend the...

Income Tax Latest

ICAI Ready Referencer for 2021 & 2022

TaxcharchaAugust 14, 2021

by TaxcharchaAugust 14, 20210156

Find attached the Ready reference for 2021 and 2022. Click here to download ICAI Ready Referencer 2021...

Company Law Latest Uncategorized

The Limited Liability Partnership (Amendment) Act 2021

TaxcharchaAugust 14, 2021August 14, 2021

by TaxcharchaAugust 14, 2021August 14, 2021062

The Limited Liability Partnership (Amendment) Act 2021 has received the assent from the President of India on 13th August 2021. To view and download the...

Income Tax Latest

The Taxation Laws (Amendment) Act 2021

TaxcharchaAugust 14, 2021

by TaxcharchaAugust 14, 20210107

The Taxation Laws and Amendment Act 2021 has received the assent from the President of India on 13th August 2021. To view and download the...

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CBDT amends section 194A with respect to the receiver as specified in section 10(26) of Income tax act

CBDT has extended PAN AADHAR linking and date of completion of penalty proceedings

ALIGNING THE TIME LIMIT OF GENERATING UDIN FROM 15 DAYS TO 60 DAYS

Relaxation in the requirement of filing of Form GST ITC 04

Recommendations relating to GST rates on goods and services

Advisory for Taxpayers regarding Generation of EWB where the principal supply is Supply of services.

Analysis of Section 44AB of Income Tax Act for FY 2020-21

The Supreme Court affirms the decision of Madras High Court wherein it was held that Rule 89(5) does not restrict itself to ITC on goods but it also includes ITC on services while claiming refund under Inverted Duty Structure. (13-09-2021)

Income Tax Department conducts searches in Ahmedabad

Income Tax Department conducts searches in Punjab and Haryana

CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment

CBDT extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22

CBIC releases CGST Act 2017 updated upto 31-08-2021

Updates on e-Filing portal of the Income Tax Department

Clarification regarding extension of time limit to apply for revocation of cancellation of registration

CBDT allows taxpayers an opportunity to file application for settlement

Reply in Faceless assessment can be file via EVC in E-Proceedings at Income Tax Portal

Rule 59(6) – Restriction on filing of GSTR 1 with effect from 1-9-2021

Notification No. 33/2021 – Central Tax – Extension of Form GSTR 3B amnesty scheme from 31-08-2021 to 30-11-2021

Notification No. 32/2021 – Central Tax – Enabling EVC for filing till 31-10-2021

Retrospective Amendment in Taxation on Indirect Transfer of Assets in India

ICAI Ready Referencer for 2021 & 2022

The Limited Liability Partnership (Amendment) Act 2021

The Taxation Laws (Amendment) Act 2021

CBDT amends section 194A with respect to the receiver as specified in section 10(26) of Income tax act

CBDT has extended PAN AADHAR linking and date of completion of penalty proceedings

ALIGNING THE TIME LIMIT OF GENERATING UDIN FROM 15 DAYS TO 60 DAYS

Recommendations relating to GST laws and procedures in 45th GST Council Meeting

Relaxation in the requirement of filing of Form GST ITC 04

GST Audit manual released by CBIC

Circular No. 64/38/2018-GST – Modification of the procedure...

Various Income Tax Dates extended due to severe...

Where no return was filed in compliance to...

Finance Act 2020