News
Multipurpose Empanelment Form (MEF) – 2023-24 | Now Open
Applicants of MEF 2023-24 can login with MEF 2022-23 credentials. If you have forgotten the password, go to “Forgot Password”...
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Extension of time limit for Tax audit of trust and file Form 10B and Form 10BB and ITR 7
Due date for Form 10B and Form 10BB has been extended to 31st October 2023 from 30th September 2023. Further,...
Read moreTurnover limit for Tax audit is Rs. 1 crore or Rs. 10 crore under section 44AB of the Act
If both the conditions are fulfilled then the assessee won't be required to conduct tax audit even if turnover exceeds...
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Digital Signature Certificate (DSC) related issues and solutions on Income tax E-filing portal
Taxpayers are advised to check DSC for its expiry date, registration on e-Filing portal & installation of latest emBridge application...
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How to calculate Value of supply in case of online gaming including online money gaming [Read notification]
the value of supply of online gaming, including supply of actionable claims involved in online money gaming, shall be the...
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Introducing Electronic Credit Reversal and Re-claimed statement on GSTN
In order to facilitate the taxpayers in correct and accurate reporting of ITC reversal and reclaim thereof and to avoid...
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Definition of turnover in relation to F&O and intraday as per Revised guidance note of ICAI on Tax audit for 2023
Premium received on sale of options is also to be included in turnover. However, where the premium received is included...
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Claim TDS credit deducted in next assessment year for income offered in earlier year [Read section]
tax on such income has been deducted at source and paid to the credit of the Central Government in accordance...
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Salaried employee receiving notices for claiming deduction under Chapter VI-A
As per the above notice it is not an assessment notice but a preliminary notice to assessee to inform him...
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Statutory Compliance Calendar for September 2023 | Income tax, GST and various other laws
Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of September 2023.
Read more₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth
The gross GST revenue collected in the month of August, 2023 is ₹1,59,069 crore of which CGST is ₹28,328 crore, SGST is ₹35,794 crore,...
Read moreRelaxation in filing Form 10 for accumulation till the due date of filing Income tax return [Read circular]
However, the accumulation/deemed application shall not be denied to a trust as long as the statement of accumulation/deemed application is...
Read more[Update] Reply from Income tax on 80P adjustment issued by Income tax department u/s 143(1)(a) to LLP, Firm etc.
Intimation u/s 143(1) of Income-tax Act, 1961 with the error description: “In Schedule 80P, deduction u/s 80P(2)(e) cannot be claimed...
Read moreLLP, Partnership firm, AOP etc who have filed ITR 5 for AY 2023-24 are receiving 143(1)(a) notice for 80P adjustment
CPC has provided 15 day's time limit to respond to such notice. Since this is a system error of CPC...
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Late fees will be charged if Income Tax return is verified after 30 days from date of filing Income Tax return
However, if the return is filed after the due date i.e. after 30 days of filing the date of filing...
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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
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
- Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
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