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Recommendations of 50th meeting of GST Council The 50th meeting of the Goods and Services Tax (GST) Council was held here today, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. GST Council recommends Casino, Horse Racing and Online gaming to be taxed at …
Non verification of source of investment made in mutual funds rendered assessment order erroneous and prejudicial to the interest of the Revenue – ITAT ABCAUS Case Law Citation:ABCAUS 3778 (2023) (07) ITAT Important Case Laws relied upon:Infinity Infotech Parks Ltd vs. DCITNarayan Tatu Rane vs. ITO In the …
CIT(A) has no jurisdiction to allow or reject claim of immunity from penalty u/s 270AA – ITAT In an important judgment ITAT has held that First Appellate Authority has no jurisdiction to enter into the question of allowing or rejecting claim of the immunity from imposition of penalty …
GST Network brought under PMLA MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 7th July, 2023 G.S.R. 491(E).—In exercise of the powers conferred by clause (ii) of sub-section (1) of section 66 of thePrevention of Money-laundering Act, 2002 (15 of 2003), the Central Government, being satisfied that …
ICAI issues Audit Working Paper Templates The Auditing and Assurance Standards Board (AASB) of ICAI has issued a publication titled as “Audit Working Paper Templates”. This publication contains several templates for various type of audit working papers which are normally prepared by the auditors while conducting audit in …
CBDT clarification & FAQs on changes in Tax Collection at Source (TCS) on Liberalised Remittance Scheme (LRS) and on purchase of overseas tour program package Circular No. 10 of 2023 F. No. 370142/23/2023-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division) New Delhi, dated 30th June, …
Extension of due date for submission of TDS/TCS Statements for quarter ended June 2023 CBDT has extended due date for submission of certain TDS/TCS Statements for quarter ended June 2023 Read CBDT Corrigenda (Circular No. 11/2023) Click Here >> Circular No. 9 /2023 F. No. 370149/109/2023-TPLGovernment of IndiaMinistry …
ICAI unveil a Special Logo to commemorate 75th Year on eve of CA day ICAI has unveil a Special Logo designed to commemorate the Start of its glorious 75th Year Celebrations on eve of CA day which is celebrated on 1st July every year. The Institute of Chartered …
ICAI changes the cut-off date to 1st July instead of 1st January of every year for the MEF / Bank Branch Auditors Panel ICAI in its Announcement has informed of change in cut-off date to 1st July instead of 1st January of every year for Bank Branch Auditors …
Donations can not be said anonymous u/s 115BBC as receiver of donation has to maintain identity of the donors to the extent of name and address only. No addition can be made for anonymous donation on the ground that confirmations from donors had not been filed – ITAT …
