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Extension of due date for furnishing Form GSTR-3B return for the month of April, 2022 till the 24th day of May, 2022- CBIC Notification Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No. 05/2022 –Central Tax New Delhi, the 17th May, …
Due date of payment of GST, interest, late fee, penalty etc. in FORM GST PMT-06, for the month of April, 2022 extended to 27.05.2022 Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No. 06/2022 –Central Tax New Delhi, the …
CBDT issues new guidelines for functionality of higher TDS/TCS for non filer of Return of Income (ITRs) u/s 206Ab / 206CCA – CBDT Circular Circular No. 10 of 2022 F. No. 370133/3/2022-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes …
Try again to update pending UDINs at e-filing Portal – ICAI advisory in view of the technological changes made ICAI has issued an advisory advising chartered accountants to try again to update those UDINs which have been invalidated earlier at the income tax e-filing Portal. ICAI had received …
Cash deposits and withdrawal to require quoting of PAN. Opening current or cash credit to also require PAN. CBDT widens rules for obtaining PAN CBDT has notified Income–tax (Fifteenth Amendment) Rules, 2022 vide Notification No. 53/2022 dated 10th May 2022. According to the amendments, application for allotment …
GSTN advisory on temporary measure on reporting 6% rate in GSTR-1 GSTN advisory on temporary measure on reporting 6% rate in GSTR-1 A new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on certain goods vide Notification No. 02/2022 dated 31st March 2022. …
Supreme Court explains law of conviction u/s 138 of NI Act on authorised signatories of firm/companies. civil liability vs Vicarious liability ABCAUS Case Law Citation ABCAUS 3589 (2022) (05) SC Important case law relied referred:Monaben Ketanbhai Shah and Another vs. State of Gujaratand Others (2004) 7 SCC 15Aneeta …
CBDT amends various Income Tax Forms CBDT has amended various Income Tax Forms as under: 1. Form No. 3CF related to application for registration or approval u/s 10(35) read with Rule 5C, Rule 5D, Rule 5E and Rule 5F 2. Form No. 10A – Statement to be furnished …
Guidelines under clause (23FE) of section 10 of the Income-tax Act, 1961 – CBDT Circular The Finance Act, 2020, inter-alia, inserted clause (23FE) in section 10 of the Income-tax Act, 1961 to provide for exemption to wholly owned subsidiaries of Abu Dhabi Investment Authority (ADIA), sovereign wealth funds …
Method of calculation of the eligible investment and exempt income in respect of Sovereign Wealth Fund and Pension Fund u/s 10(23FE) CBDT has made amendment of the Income tax Rules, 1962 for providing the method of calculation of the eligible investment and exempt income in respect of Sovereign …
