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...
Tag : taxcharcha
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...
CBDT notifies additional conditions for exemption of income under section 10 clause 4D
CBDT has issued the Notification No. 64/2022 on 16th June 2022 in which it has been notified that the income attributable to units held by...
Guidelines for removal of difficulties under sub section (2) of section 194R of the Income tax act 1961
From 01-07-2022, a new section for TDS 194R will become effective. So in order to reduce the difficulties of the stakeholders, the CBDT has issued...
Cost Inflation Index for FY 2022-23
The Central Board of Direct Taxes (CBDT) has notified the Cost Inflation Index for FY 2022-23 as 331 vide Notification No. 62/2022. The said notification...
Waiver of Interest for certain E Commerce operators for specified tax periods
The Central Board of Indirect Taxes and Customs (CBIC) has issued the Notification No. 08/2022-Central Tax dated 07-06-2022 in which waiver of Interest has been...
Clause by clause analysis of Proposed scheme of Education and Training by ICAI
Amendments to Chartered Accountants Regulations Certificate of Practice A person shall be eligible for the Certificate of Practice on completion of 1 year of post...
CBDT extends UDIN updation till 30-06-2022
CBDT has further extended the timeline to update the UDIN on the Income tax portal by the Chartered Accountants from 31-05-2022 to 30-06-2022....
MCA relaxes Additional fee for filing all LLP forms falling between 25th February 2022 to 31st May 2022 upto 30th June 2022
The Ministry of Corporate Affairs (MCA) has issued the General Circular No. 6/2022 in which it has been notified that all the LLP filings, the...
Form 11 for LLPs can be filed without additional fee till 30-06-2022
Ministry of Corporate Affairs vide General Circular No. 04/2022 has relaxed the additional fee for filing the Form 11 for Limited Liability Partnership (LLPs) till...
GST Investigation Wing issues Instruction regarding voluntarily payment of tax during search, investigation or inspection
The GST Investigation Wing has released the Instructions regarding the deposit of tax during search, inspection, or investigation. In the Instructions, it has been said...
Waiver of late fee for filing Form GSTR 4 for the FY 2021-22
The CBIC, vide Notification No. 07/2022 – Central Tax, has issued the notification in which it has been notified that the late fee for filing...
Union of India vs. Mohit Minerals Pvt. Ltd. – No GST under RCM on Ocean Freight on CIF basis
On 19th May 2022, the Supreme Court of India bench comprising Hon’ble Justice Dhananjaya Y Chandrachud, Hon’ble Justice Surya Kant and Hon’ble Justice Vikram Nath...
Circular regarding use of functionality under Section 206AB and 206CCA of Income tax act 1961
The Central Board of Direct Taxes (CBDT) has issued the Circular No. 10 of 2022 dated 17th May 2022 in which the changes incorporated in...
Due date for GSTR 3B for April 2022 extended
The Central Board of Indirect Taxes and Customs has extended the due date of filing the GSTR 3B for the month of April 2022 from...
CBDT issues guidelines for selection of returns for complete scrutiny of returns for FY 2022-23
CBDT has issued the guidelines for compulsory selection of returns for complete scrutiny during the Financial Year 2022-23. In the guidelines, the following perimeters have...
Instruction by CBDT regarding the implementation of judgement of Supreme Court of India
An instruction dated 11-05-2022 has been issued by the CBDT to implement the Supreme Court of India decision in the case of Union of India...
Notification of Form ITR U for filing Updated Return of Income
The Central Board of Direct Taxes (CBDT) has notified the Rule 12AC regarding the furnishing of Updated return of Income. The Form ITR U has...
CBDT extends timeline to update UDIN till 31st May 2022
CBDT has extended the timeline to update the UDIN till 31st May 2022 from 30th April 2022. Last date to update UDIN on the Income...