Author: administrator
CBDT prescribes conditions/records for Covid-19 related relief to employees u/s 17(2) and in Transfer of Immovable Properties u/s 56(2)(x) Section 56(2)(x) of the Income Tax Act 1961 provides for deemed sale consideration of an immovable property in the hands of the purchaser/buyer. According to the section, the difference …
Single Click Nil Filing of GSTR-1 Return – Guide In order to further simplify the return filing experience a single click NIL filing of GSTR-1 has been introduced on GST Portal. Taxpayers can now file NIL GSTR-1 return by simply ticking the check box File NIL GSTR-1available at …
GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law CBIC has issued Circular No. 178/10/2022-GST dated 3rd August 2022 clarifying GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other …
CBIC issues clarification on GST rates & classification (goods) based on the recommendations of the GST Council in its 47th meeting CBIC has issued Circular No. 179/11/2022-GST dated 3rd August 2022 giving Clarification regarding GST rates & classification (goods) based on the recommendations of the GST …
CBIC Clarifications on applicable GST rates & exemptions on certain services CBIC has issued Circular No. 177/09/2022-TRU dated 3rd August 2022 issuing Clarifications regarding applicable GST rates & exemptions on certain services. The CBIC had received representations seeking clarification several issues: Accordingly, clarifications has been issued on …
Rules regarding section 10(4E) of the Income tax Act, 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 87/2022 New Delhi, the 1st August, 2022 INCOME-TAX G.S.R. 610(E).—In exercise of the powers conferred by clause (4E) of section 10 read with section 295 …
CBIC issues guidelines on extension of customs clearances beyond normal working hours in Inland container depots CBIC has considered the representations of the trade for extension of the facility of 24×7 Customs clearance to ICDs across the country. The CBIC has advised all the Pr. Chief / Chief …
Notification issued to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022 MINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Notification No. 17/2022–Central Tax New Delhi, the 1st August, 2022 G.S.R…..(E).–In exercise of the powers …
Reduction of time limit for verification of ITR-V Acknowledgement from 120 days to 30 days CBDT has reduced the time limit for verification of ITR-V Acknowledgement from 120 days to 30 days of transmitting/filing of ITR electronically. Notification No. 05 of 2022 dated 29th July 2022 …
MCA Clarification on spending of CSR funds for “Har Ghar Tiranga” campaign- MCA has clarified that spending of CSR funds for “Har Ghar Tiranga” campaign is eligible CSR activities MCA has clarified that `Har Ghar Tiranga’ campaign under the aegis of Azadi Ka Amrit Mahotsav, …
