NSDL Celebrates Silver Jubilee and brings NSDL blockchain platform for Debenture Covenant Monitoring

May 25, 2022 - Updated on May 26, 2022

As mentioned above due date for both the above things is 31.05.2022. So any delay in filing Form 10BD or ...

ICAI has announced a new MBA programme for Diploma in Management and Business Finance

Welcoming Step by CBIC on recent Gurugram incident | GST officer suspended

May 24, 2022

ICAI thanks Hon’ble Union Finance Minister Ms. @nsitharaman ji for inviting ICAI to discuss matters related to profession. The ICAI ...

Now file ITR 2 on e-filing website for FY 2021-22 i.e. AY 2022-23 | File ITR with experts on Taxontips

May 23, 2022

This Return Form is to be used by an individual or a Hindu Undivided Family (HUF) who is not eligible ...

CBDT issues circular for detailed explanation on TDS deduction u/s 192 of the Income tax act

Circular regarding use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961

May 21, 2022

It may be again highlighted that this functionality has been developed to ease compliance for tax deductors/ collectors. Asking the ...

Income Tax department conducting the biggest raid of 2020 in Raipur!

DGGI Gurugram arrests one person for fraudulently availing ITC of more than 160 crore through a network of 10 fake firms

May 19, 2022

Quiet a few of the firms, to whom invoices were issued were found to be non-existent / fake (registered on ...

GSTR 3B is now a return and government has provided time-line for filing GSTR 3B

GSTR 3B due date extended for April 2022 to 24.05.2022

May 18, 2022

Now CBIC has vide notification no. 05/2022 and notification no. 06/2022 Dt. 17.05.2022 has extended the due date for filing ...

Due date for GSTR 3B for April 2022 might be increased by CBIC

May 17, 2022

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Considering the difficulties faced by taxpayers in filing their GSTR-3B for the month of April 2022, a proposal to extend ...

Revised UDIN related queries for Bank Audit – ICAI

Update on validating UDIN on e-filing website by ICAI

by ADMIN

May 16, 2022

Various instances of invalidation of UDINs at the e-filing portal of Income Tax Department are being reported by Members. In ...

Data of GST website under comparison of liability declared and ITC claimed tab not available

GST website issues advisory for Incomplete GSTR-2B in some cases

May 15, 2022

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1. It has been noticed that in a few cases, certain records are not reflected in the GSTR-2B statement for ...

Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-

Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2022-23

May 14, 2022

As per the amendments brought by Finance Act 2021, the time limit for service of notice u/s 143(2) of the ...

Instructions issued by CBDT in response to judgement passed by Hon’ble Supreme court in case of notice issued u/s 148 after 01.04.2021

May 12, 2022

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CBDT has issued this instructions while reading it with the extension provided in TOLA and stating that this will extended ...

Mentioning the new address in Income Tax Return is not enough for change of address in Income Tax database: Supreme Court judgement

3 new transaction prescribed by Income Tax department where mentioning PAN or Aadhar is mandatory

May 11, 2022 - Updated on May 12, 2022

CBDT has vide notification no. 53 of 2022 dt. 10.05.2022 prescribed 3 new transactions in relation to cash deposit, cash ...

How to report 6% GST rate on various goods in GSTR-1 | GST return filing update

May 10, 2022

Changes are being made on the GST portal to include this rate in GSTR-1. As a temporary measure, taxpayers who ...

Supreme Court up-helds judgement of Rajasthan High court for extension of due date for GSTR 9/ 9C

Supreme court Judgement on controversial issue of notice u/s 148 issued after 01.04.2021 passed in favor of Revenue | Detailed analysis of full judgement