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KPTCE: Representation on glitches and hardship in payment of taxes & filing of returns
KSCAA has sent a representation to the The commissioner of Commercial Tax, on umpteen number of glitches and hardship in payment of taxes and filing of returns under Karnataka Tax on Professions, Trad...
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10 NEW Functionality introduced by GSTN on GST Portal
GST Registration 1. Change made in Composition restriction table The message table containing HSN wise list of items restricted for availing compositing scheme has been updated in the registration app...
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Micro Small Medium Enterprises Certificate
TO WHOM SO EVER IT MAY CONCERN In compliance with the requirements of Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019, issued by the M...
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Revenue files MA in SC seeking clarification regarding applicability of judgement in the light of provisions of Section 150 of IT Act 1961
PCIT Vs Abhisar Buildwell P Ltd (Supreme Court of India) Revenue files MA in SC seeking clarification regarding applicability of judgement in the light of provisions of Section 150 of IT Act 1961 Afte...
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Unique deductees doubled from 4.8 crore in F.Y. 2015-16 to 9.2 crore in F.Y. 2021-22
Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Direct Taxes Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a periodic review...
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Request to Extend date of ‘Opting for Forward charge’ in case of GTA Services
To, The Member Secretary/ Chairperson GST Council NEW DELHI Respected Sir/Madam Re:- Extend the date of “Opting for Forward charge” in case of GTA Services. With reference to above it is respectuflly...
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CBI Arrests A Customs Superintendent & An ACIT
Central Bank of India CBI ARRESTS A SUPERINTENDENT OF CUSTOMS FOR ACCEPTING BRIBE OF RS.50,000/- The Central Bureau of Investigation has arrested a Superintendent of Customs, Kolkata for demanding & a...
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MCA Advisory on Launch of STK-2 form along with C-PACE functionality
In our continuous endeavour to serve you better, the Ministry of Corporate Affairs is launching STK-2 form along with C-PACE functionality on 01st May 2023 at 12:00 AM. To facilitate implementation of...
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Notification No. 23/2023-Income Tax, Dated: 21.04.2023
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 23/2023-Income Tax Dated: 21st April, 2023 S.O. 1831(E).—In exercise of the powers conferred by c...
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Resolution of issues on MCA21 -V3 Portal
Institute of Company Secretaries of India April 20, 2023 Dear Professional Colleague, Subject: Resolution of issues on MCA21 -V3 Portal The Ministry of Corporate Affairs has launched both LLP and Comp...
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Section 10(46) exemption to Maharashtra Electricity Regulatory Commission amended
Notification No. 22/2023- Income Tax Dated : 17th April, 2023 – Central Government notifies amendment in notification related to exemption under section 10(46) of Income Tax Act, 1961 to ‘Maharashtra...
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ICAI CPE Hours requirements Calendar year wise from year 2023
Continuing Professional Education Committee The Institute of Chartered Accountants of India 12th April, 2023 Granting of 4 Structured CPE hours in online mode through Digital Learning Hub and complian...
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Expert Panel for Addressing Queries related to Statutory Audit Aspects
ICAI Auditing and Assurance Standards Board – Expert Panel for Addressing Queries related to Statutory Audit pertaining to Auditing Aspects Auditing and Assurance Standards Board The Institute of Char...
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GSTIN can be updated on SSP portal till 23rd April
Members & Students Services (Grievances Handling and e-Sahaayataa) Directorate The Institute of Chartered Accountants of India 16’h April, 2023 Announcement Extension of last date for updation of Memb...
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GST Council Newsletter for the month of March, 2023
GST Revenue Collection ₹1,60,122 crore gross GST revenue collected for March 2023 The gross GST revenue collected in the month of March 2023 is ₹1,60,122 crore of which CGST is ₹29,546 crore, SGST is...
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Taxation of Charitable Trusts after Budget 2023
Taxation of Charitable Trusts becomes more Complicated after Budget 2023 It appears from the drastic changes made in recent years for the Charitable Trusts that they have lost the trust of the Governm...
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Income Tax Amendments Applicable For A.Y. 2023-24 (F.Y. 2022-23)
This article will outline some of the important amendments made by Finance act, 2023 which is applicable for F.Y. 2022-23 (A.Y. 2023-24) which we need to take care of while filing ITR of A.Y. 2023-24....
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April Deadline: Choosing Between New and Old Income Tax Regime
April is the start of a new financial year and the government has made changes to the income tax slabs under the new tax regime to make it more attractive. It’s important for salaried individuals to d...
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Amendment In 206C(1G) TCS on Overseas Tour
Amendment in 206C(1G) of Income Tax Act, 1961 SUMMARY: S. No Type of Remittance Present Rate* Proposed Rate* 1. For the purpose of any education, if the amount being remitted out is a loan obtained fr...
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Finance Act, 2023 Corrigenda
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 12th April, 2023 CORRIGENDA THE FINANCE ACT, 2023 No. 8 OF 2023 In the Finance Act, 2023 (8 of 2023), published in the Gazette of In...