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Arm’s Length Price allowable variation limits u/s 92C notified for AY 2023-24 MINISTRY OF FINANCE(Department of Revenue) Notification No. 46/2023 New Delhi, the 26th June, 2023 INCOME-TAX S.O. 2777(E).—In exercise of the powers conferred by the third proviso to sub-section (2) of section 92C of the Income-tax Act, …
Bar Council of India Certificate and Place of Practice (Verification) Rules 2015 amended. The amended rules seek to ensure no fake people and non-practicing Advocates take part in the elections of State Bar Council BAR COUNCIL OF INDIANOTIFICATION New Delhi, the 23rd June, 2023 New Rule 32 of …
Late Fee u/s 234E deleted as the assessee was a senior citizen and had deposited TDS amount immediately and delay in filing TDS return was on account of human error due to old age In a recent decision, ITAT deleted late fee u/s 234E where the assessee was …
Simply because the overseas employer paid salary into NRE account of the assessee in India, would by itself, not imply that the income is taxable in India In a recent judgment ITAT has held that only because the overseas employer paid salary into NRE account of the assessee …
Intimation issued u/s 143(1) after issue of notice u/s 143(2) legally invalid. Intimation u/s 143(1)(a) can not be issued after notice for regular assessment has been issued under section 143(2) ITAT in a recent judgment has confirmed that Intimation issued u/s 143(1) after issue of notice u/s 143(2) …
CBDT approves Patanjali Yog Peeth Nyas Delhi for its university at Haridwar for research in ‘Social Science or Statistical Research’ u/s 35 of Income Tax Act 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 44 /2023 New Delhi, the 23rd June, 2023 S.O. 2762(E).—In …
CBDT amends rules for Registration of Charitable Trusts and Form 10A and Form 10AB CBDT has notified Income-tax (Eleventh Amendment) Rules, 2023 amending rules for Registration of Charitable Trusts and Form 10A and Form 10AB. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 45/2023 New …
ICAI Restricts revocation of UDINs within 48 hours As per latest announcement by ICAI, its Council in its 420th meeting held on 23rd-24th March, 2023, has decided that revocation of Unique Document Identification Numbers (UDINs) would now be possible within 48 hours from the time of its generation. …
ICAI issues Checklist on Standards on Auditing (SA) ICAI has issued a Checklist on Standards on Auditing. Till date ICAI has issued 38 Standards on Auditing. The “Checklist on Standards on Auditing” brought out by the Auditing and Assurance Standards Board of the ICAI covers all the 38 …
MCA relaxes additional fees for delay in filing DPT-3 for FY 2022-23 upto 31st July 2023 in view of transition of MCA-21 Portal from Version-2 to Version-3 General Circular no. 06/2023 F. No. Policy-01/2/2021-CL-V-MCA-(Part-I)Government of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. …