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CBDT specifies further forms to be filed electronically as prescribed in Appendix-II of the Income Tax Rules 1962 F. No. 30/DGIT(S)BLR/e-Filing Notification/Forms/2024 Government of IndiaMinistry of FinanceCentral Board of Direct TaxDirectorate of Income Tax (Systems) Notification No. 06/2024 Dated: 19-11-2024 Specifying Forms prescribed in Appendix-II of the Income …
Third party statement taken after recording reasons cannot form basis of Assessing Officer’s “reasons to believe” to reopen the assessment – ITAT In a recent judgment, ITAT Delhi has held that third party statement recorded subsequent to the reasons recorded, cannot form basis of Assessing Officer’s “reasons to …
Income from renting of shops and other space within Mall held taxable under the head of “income from business” not income from house property. In a recent judgment, Hon’ble Supreme Court income affirmed the judgment of Hon’ble Madhya Pradesh High Court that where letting out the property was …
RBI has cautioned general public on social media deepfake videos of its governor giving financial advice In a Press Release issued, RBI has stated that it has come to the notice of Reserve Bank of India that a fake videos of its Governor is being circulated in social …
CBDT authorises condonation of delay u/s 119(2)(b) in filing Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23 F. No.173/32/2022-ITA-IGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes Circular No. 17/2024 New Delhi, the 18th November, 2024 Sub: Condonation of delay …
Employees’ Deposit-Linked Insurance (Second Amendment) Scheme 2024 – amendment in scale of assurance on death of employee MINISTRY OF LABOUR AND EMPLOYMENT Notification New Delhi, the 18th November, 2024 G.S.R. 715(E)—In exercise of the powers conferred by section 6C read with sub-section (1) of section 7 of Employees’ …
SEBI has issued guidance to Credit Rating Agencies (CRAs) in case of defaults in repayment due to ‘technical defaults’ As per existing direction of SEBI, even an instance of a one-day delay in payment or one-rupee shortfall in payment is to be recognized by the CRA as …
Due date extended for filing Form GSTR-3B for the month of October, 2024 to 21st November, 2024, for the registered persons whose principal place of business is in the state of Maharashtra and Jharkhand MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 26/2024–Central …
Condonation of delay in filing Form No. 9A/10/10B/10BB for AY 2018-19 & subsequent Assessment Year – CBDT order u/s 119(2)(b) CBDT has issued Circular No. 16/2024 dated 18.11.2024 authorising condonation of delay in filing Form No. 9A/10/10B/10BB for AY 2018-19 & subsequent Assessment Year where delay is up …
NFAC order was set aside by High Court as notice sent by e-mails were received in ‘spam’ folder In a recent judgment, Hon’ble Kerala High Court has set aside appellate order passed by NFAC as the notice of hearing sent by e-mails were received in ‘spam’ folder and …
