taxcharcha Archives - Page 2 of 17

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

Team Taxcharcha05/02/2023

by Team Taxcharcha05/02/20230893

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 Taxcharcha02/02/20230793

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...

Income Tax Latest

Union Budget 2023 – Increase in Income tax slab under section 115BAC

Team Taxcharcha02/02/2023

by Team Taxcharcha02/02/20230684

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...

GST Latest

Notification No. 18/2022-Central Tax – Seeks to notify 01.10.2022 as the date on which provisions of sections 100 to 114, except clause (c) of section 110 and section 111 of Finance Act, 2022 shall come into force.

Team Taxcharcha05/10/2022

by Team Taxcharcha05/10/202201371

...

GST Latest

Implementation of E-Invoicing for Turnover more than Rs. 10 Crores

Team Taxcharcha02/10/2022

by Team Taxcharcha02/10/20220724

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...

Company Law Latest

Extension of due date of filing for DIR 3 KYC

Team Taxcharcha02/10/2022

by Team Taxcharcha02/10/20220985

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...

Income Tax Latest

Extension of timeline for filing of various reports of Audit for the A.Y. 2022-23

Team Taxcharcha01/10/2022

by Team Taxcharcha01/10/20220588

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...

GST Latest

Notification No. 7/2022 – Central Tax (Rate) – Seeks to amend notification No. 2/2017- Central Tax (Rate)

Team Taxcharcha16/08/2022

by Team Taxcharcha16/08/20220838

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GST Latest

Notification No. 6/2022 – Central Tax (Rate) – Seeks to amend notification No. 1/2017- Central Tax (Rate)

Team Taxcharcha16/08/202216/08/2022

by Team Taxcharcha16/08/202216/08/20220500

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GST Latest

Notification No. 04/2022 – Central Tax (Rate) – Seeks to amend Notification No 12/2017- Central Tax (Rate) dated 28.06.2017

Team Taxcharcha15/08/2022

by Team Taxcharcha15/08/20220493

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GST Latest

Notification No. 03/2022 – Central Tax (Rate) – Seeks to amend Notification No 11/2017- Central Tax (Rate) dated 28.06.2017

Team Taxcharcha15/08/2022

by Team Taxcharcha15/08/20220743

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GST Latest

E Invoicing mandatory for Taxable Persons having aggregate turnover exceeding Rs. 10 Crores

Team Taxcharcha14/08/2022

by Team Taxcharcha14/08/20220565

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...

Income Tax Latest

Time period for E verification of Income tax returns have been reduced

Team Taxcharcha03/08/2022

by Team Taxcharcha03/08/20220855

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...

GST Latest

CBIC issues clarification on various topics

Team Taxcharcha07/07/2022

by Team Taxcharcha07/07/20220864

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...

GST Latest

CBIC extends time limit for issuance of order under section 73(9) of CGST Act

Team Taxcharcha06/07/2022

by Team Taxcharcha06/07/20220975

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...

GST Latest

CBIC extends the waiver of late fee for delay in filing FORM GSTR-4 for FY 2021-22

Team Taxcharcha06/07/2022

by Team Taxcharcha06/07/20220528

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...

GST Latest

CBIC notifies extension of due date of filing of Form GST CMP 08 for Q1 of FY 2022-23

Team Taxcharcha06/07/2022

by Team Taxcharcha06/07/20220515

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...

GST Latest

Rate changes recommended by 47th GST Council Meeting

Team Taxcharcha03/07/202203/07/2022

by Team Taxcharcha03/07/202203/07/20220435

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...

Uncategorized

CBDT further extends UDIN updation till 30-9-2022

Team Taxcharcha30/06/2022

by Team Taxcharcha30/06/20220784

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...

GST Latest

Recommendations of 47th GST Council Meeting

Team Taxcharcha30/06/2022

by Team Taxcharcha30/06/20220786

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...

Company Law Latest

MCA extends Form 11 due date for FY 2021-22 till 15th July 2022

Team Taxcharcha29/06/2022

by Team Taxcharcha29/06/202201577

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...

Uncategorized

Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT)

Team Taxcharcha25/06/2022

by Team Taxcharcha25/06/20220740

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...

Latest

PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal

Team Taxcharcha23/06/2022

by Team Taxcharcha23/06/20220762

“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...

Income Tax Latest

Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income tax Act 1961

Team Taxcharcha22/06/2022

by Team Taxcharcha22/06/20220826

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...

Income Tax Latest

Safe harbour rules for AY 2022-23 for the purpose of Income tax act 1961

Team Taxcharcha20/06/2022

by Team Taxcharcha20/06/20220690

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...