Union Budget 2023 – Rebate u/s. 87A enhanced for New Income tax regime
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...
Tag : taxcharcha
Union Budget 2023 – Increase in Income tax slab under section 115BAC
Till AY 2022-23, there has been 2 Income tax slabs. One is the old one in which all the deductions can be availed and the...
Implementation of E-Invoicing for Turnover more than Rs. 10 Crores
The Central Board of Indirect Taxes and Customs (CBIC) has published the Notification No. 17/2022-Central Tax in which it has been decided that for the...
Extension of due date of filing for DIR 3 KYC
The Ministry of Corporate Affairs (MCA) has extended the due date of the filing of DIR 3 KYC and DIR 3 KYC WEB. Currently, the...
Extension of timeline for filing of various reports of Audit for the A.Y. 2022-23
The Central Board of Direct Taxes (CBDT), vide Circular No. 19/2022 dated 30-09-2022 has extended the due date of furnishing various audit reports whose due...
E Invoicing mandatory for Taxable Persons having aggregate turnover exceeding Rs. 10 Crores
E Invoicing means the generation of the Invoices on the GST portal on real time basis along with the generation of E way bill in...
Time period for E verification of Income tax returns have been reduced
The Central Board of Direct Taxes has published the Notification on 29th July 2022 in which the time limit for E verification of Income tax...
CBIC issues clarification on various topics
CBIC vide Circular No. 172/04/2022-GST has issued the clarification on various issues which are as follows:- Refund claimed by the recipients of supplies regarded as...
CBIC extends time limit for issuance of order under section 73(9) of CGST Act
CBIC vide Notification No. 13/2022-Central Tax dated 5th July 2022 has extended the time limit for issuance of order under Section 73(9) of CGST Act...
CBIC extends the waiver of late fee for delay in filing FORM GSTR-4 for FY 2021-22
CBIC vide Notification No. 12/2022-Central Tax dated 5th July 2022 has waived the late fee for delay in filing Form GSTR 4 for FY 2021-22...
CBIC notifies extension of due date of filing of Form GST CMP 08 for Q1 of FY 2022-23
CBIC vide Notification No. 11/2022-Central Tax dated 5th July 2022 has extended the due date of filing of Form GST CMP 08 for Q1 of...
Rate changes recommended by 47th GST Council Meeting
In the 47th GST Council Meeting, various rate rationalizations and rate impositions have been recommended which shall be effective with effect from 18-07-2022 which are...
CBDT further extends UDIN updation till 30-9-2022
The Central Board of Direct Taxes (CBDT) has further extended the UDIN updation on the Income tax portal from 30-06-2022 to 30-09-2022. This extension has...
Recommendations of 47th GST Council Meeting
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...
MCA extends Form 11 due date for FY 2021-22 till 15th July 2022
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...
Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT)
The Central Board of Direct Taxes has published the Notification No. 02/2022 in which Format, Procedure and Guidelines for submission of Form No. 1, Form...
PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal
“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...
Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income tax Act 1961
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...
Safe harbour rules for AY 2022-23 for the purpose of Income tax act 1961
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...
CBDT notifies no deduction of TDS on account of lease of aircraft on payments to units located in IFSC
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...