GST department has issued advisory on: Introduction of New 14 and 15 tables in GSTR 1
The purpose of this advisory is to make taxpayers aware of the new Table 14 and 15 in FORM GSTR-1 ...
Wednesday, July 8, 2026
Investment by Foreign companies in Indian companies cannot be considered as undisclosed income of foreign companies [Read order]
An investment made by a foreign company in an Indian company is a capital account transaction and such transaction cannot ...
No deduction of expenses under Income tax Act if payment is not made till 31st March: 43B amendment [MSME]
Any sum payable by an assessee to a micro and small enterprise in respect of an expenditure, beyond the time ...
Income Tax Department conducts search operations in Mumbai
Credible evidences recovered during the search have established that the flagship company has made unaccounted cash sales of around Rs. ...
29,273 bogus firms involved in suspected Input Tax Credit (ITC) evasion of Rs. 44,015 crore
Since the initiation of the special drive against fake registrations in mid-May 2023, a total of 29,273 bogus firms involved ...
New tables added in GSTR 1 to report sales made through E-commerce
In this table taxpayer needs to add details for sale made through E-commerce which are not covered in Table 15 ...
Statutory Compliance Calendar for January 2024 | 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 January 2024.
Advisory on the functionalities available on the portal for the GTA taxpayers
As per the Notification No. 06/2023-Central Tax (Rate), dated 26.07.2023, the option by GTA to pay GST on Forward Charge mechanism ...
Income tax department has issued guidelines in relation to TDS u/s 194-O of the Act [Read circular]
fees charged by the seller-side ECO (Rs 3 charged to the seller) and buyer-side ECO (Rs 1 charged to the ...
Income tax notice for High value transaction received from Income tax department
Hence, it is advisable to check the information or data available on E-filing portal and it is advisable but not ...
Last chance to declare foreign assets in income tax return for AY 23-24 or you can face Rs. 10 lakh penalty
if a person does not discloses foreign asset in it's income tax return it could result in a penalty under ...
What is the fees for filing Appeal before CIT(A) under Income tax Act?
The assessee has to file Appeal within 30 days from the date of service of order or demand as the ...
Exposure Draft on proposed Consequential provisions for non-compliance with CPE hours – 2024 onwards
Member who fails to complete the CPE requirement by the end of the calendar year shall be given extended Period ...
TCS at 20% under Income tax Act on sending money outside India under LRS. Applicable on non-resident?
Thus, after 01.10.2023, any remittance made outside India for any purpose i.e. maintenance of family or investment etc. 20% TCS ...
Saint Lucia’s Tax Inspectors without Borders (TIWB) programme launched in partnership with India
Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation ...
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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
- GIFT City Investments and Schedule FA Disclosure
- Taxation and Income tax return of Foreign Companies Earning Income from India under special rates
- Income Tax Department’s NUDGE Initiative 2025-26: A Clear Warning for Taxpayers to Ensure Accurate Reporting
- Notice from Income tax department e-verification cell for non-filing ITR. How to respond
- Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
- Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
- 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
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