News
Due date for filing SFT extended from 31.05.2023 for FY 2022-23?
Section 271FA of the Income Tax Act prescribes penalty for failure to provide/ furnish SFT statements which is Rs. 500...
Read moreE-appeal scheme, 2023 announced by CBDT, JCIT(A) will now hear appeal [Read notification]
The Principal Director General of Income-tax (Systems) or the Director General of Income tax (Systems), as the case may be,...
Read moreLimit of exempt income for leave encashment for non-govt employees increased to Rs. 25 lakh [Read notification]
having regard to the maximum amount receivable by its employees as cash equivalent of leave salary in respect of the...
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ANNUAL FEE CIRCULAR 2023-24 by ICAI for it’s members
The Partner has to give consent for payment of fees by the Firm through his login on SSP. Click “Pay...
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Instructions for conducting scrutiny of returns for FY 2019-20 onwards under GST [Read instructions]
The proper officer shall conduct scrutiny of returns pertaining to minimum of 4 GSTINs per month. Scrutiny of returns of...
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Extension in time limit for filing Form 10A, 10AB, 10BD, 10 etc. in relation to trust under Income tax act
CBDT has issued a circular no. 06 of 2023 Dt. 24.05.2023 for providing clarification in relation to various matters of...
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GUIDELINES FOR SPECIAL ALL-INDIA DRIVE UNDER GST
If the Taxpayer is non-existent and fictitious, then the tax officer may immediately initiate action for suspension and cancellation of...
Read moreGovernment issues guidelines to calculate net winning for section 194BA of the Act [Read circular]
The new section mandates a person, who is responsible for paying to any person any income by way of winnings...
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Do you need to panic if you have Rs. 2000 note with you?
The only intention of government with this move is to remove Rs. 2000 note from circulation and let Rs. 500...
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CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities
Rule 11UA currently prescribes two valuation methods with respect to valuation of shares namely, Discounted Cash Flow (DCF) and Net...
Read moreRs. 2000 note removed from Circulation Will continue as Legal Tender
RBI has issued a Press release stating that banks will have time till 30.09.2023 to collect and accept all the...
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International payments through credit card will now attract 20% TCS under Income tax
Further, Finance Act, 2023 has made amendment in Income tax act to increase the rate of TCS from 5% to...
Read moreDeferment of second phase of Peer Review Mandate for CA Firms
Accordingly, Practice Units which accept Statutory audits on or before June 30, 2023 should ensure that they have a Peer...
Read moreGST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore
The gross GST revenue collected in the month of April, 2023 is ₹ 1,87,035 crore of which CGST is ₹38,440 crore, SGST is ₹47,412...
Read moreNotification under PMLA by Ministry of Finance which could affect CA, CS and CMA
any activity that is carried out by an advocate, a chartered accountant, cost accountant or company secretary in practice, who...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- U.S. Corporations Owned by Foreign/ Indian Shareholders – Comprehensive Tax Implications and Reporting Requirements
- ITR 2 is now available on e-filing website for FY 2022-23 i.e. AY 2023-24 | File ITR with experts on Taxontips
- Condonation of delay in filing refund claim and claim of carry forward of losses under Section 119(2)(b) of the I.T. Act
- ₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth
- Due date for filing SFT extended from 31.05.2023 for FY 2022-23?
- E-appeal scheme, 2023 announced by CBDT, JCIT(A) will now hear appeal [Read notification]
- Limit of exempt income for leave encashment for non-govt employees increased to Rs. 25 lakh [Read notification]
- ANNUAL FEE CIRCULAR 2023-24 by ICAI for it’s members
- Instructions for conducting scrutiny of returns for FY 2019-20 onwards under GST [Read instructions]
- Extension in time limit for filing Form 10A, 10AB, 10BD, 10 etc. in relation to trust under Income tax act
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