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 …