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Recent Changes in PF, GST Post Office and Banking Rules
Check Out the Recent Changes in PF, GST Post Office, and Banking Rules That Can Affect You Directly With the beginning of the new financial year, many big and important announcements related to ITR ha...
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Staff draft of the IFRS Sustainability Disclosure Taxonomy
Institute of Chartered Accountants of India Announcement XBRL India The Institute of Chartered Accountants of India July 19, 2022 IFRS Foundation document issued for comments: Staff draft of the IFRS...
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FM clarifies on GST on pre-packed or pre-labeled Food Items on Twitter
The GST Council has exempt from GST, all items specified below in the list, when sold loose, and not pre-packed or pre-labeled. They will not attract any GST. The decision is of the GST Council and no...
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Condonation of delay in filing of Form No. 9A and Form No. 10
Circular No. 17/2022- Income Tax – Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A and Form No. 10 for Assessment Year 2018-19 and subsequent years —R...
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Condonation of delay in filing of Form No. 10B for AY 2018-19 & subsequent years
Circular No. 16/2022-Income Tax – Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for Assessment Year 2018-19 and subsequent years. Circular No. 16/2...
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Condonation of delay in filing of Form No. 10BB for AY 2018-19 & subsequent years
Circular No. 15/2022-Income Tax – Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10BB for Assessment Year 2018-19 and subsequent years — Reg. Circular N...
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Corrigendum Notification No. 84/2022-Income Tax, Dated: 19/07/2022
CBDT issues Corrigendum Notification No. 84/2022-Income Tax, Dated: 19/07/2022 to rectify its mistakes in Notification No. 67/2022-Income Tax | Dated: 21st June, 2022. MINISTRY OF FINANCE (Department...
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Draft Guidance Note on Transfer Pricing Report – Section 92E
ICAI Releases Exposure Draft Guidance Note On Report Under Section 92E Of Income-Tax Act, 1961 (Transfer Pricing) Based on the law as amended by Finance Act, 2022 EXPOSURE DRAFT GUIDANCE NOTE ON REPOR...
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Request to Extend Income Tax Return due date for Non-Audit & Salaried
Representation requesting for Extension of due date for filing Income Tax Returns (Non-Audit and Salaried) for AY 2022-23 under section 139(1) of IT Act, 1961 with further request to permanently fix d...
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How does TDSMAN software make a difference in your TDS Compliance?
With the ever-changing provisions in the TDS / TCS ecosystem of India, TDSMAN software has been serving its users for 17+ years with trust from its clients across Corporates, Professionals, SMEs, Gove...
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MCA to Launch 9 forms on V3 portal on 31st Aug 2022
MCA Update Regarding V3 portal forms This update came on 15-07-2022. The Ministry of Corporate Affairs is launching first set of Company Forms on MCA21 V3 portal. These forms will be launched on 31st...
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Extend due date of filing Income tax Return for Non Audit Taxpayers
MAHARASHTRA TAX PRACTITIONERS’ ASSOCIATION (Formerly known as The Western Maharashtra Tax Practitioners’ Association) SS/ MTPA / IT representation 2223 / 0722 12th July 2022 To, The Chairman, Central...
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DGIT notifies Income Tax Forms, returns for electronic submission
Directorate of Income Tax (Systems) notifies that Form 3CEF, 10F, 10IA, 3BB, 3BC, 10BC, 10FC, 28A, 27C, 58D, 58C and 68 shall be furnished electronically and shall be verified in the manner prescribed...
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India’s overall exports (Merchandise and Services) grow by 23% in June
; Exports growth in 1st quarter over 25%; Petroleum products, Electronic Goods, Textiles, Cereals, Leather products, Rice, Minerals, oil seeds, coffee and Gems & Jewellery record high exports growth d...
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Request to clarify on GST on ‘pre-packaged & labelled’ goods
Representation Letter to CBIC seeking clarification on GST on per-packaged labelled food items Date: July 16, 2022 To, The Chairman, Central Board of Indirect Taxes & Customs, New Delhi Respected Sir,...
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Guidance Note on Companies (Auditor’s Report) Order, 2020 (Revised 2022 Edition)
The Institute of Chartered Accountants of India (Set up by an Act of Parliament) New Delhi Guidance Note on The Companies (Auditor’s Report) Order, 2020 Foreword The Auditing and Assurance Standards B...
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New e-TDS/TCS RPU Ver. 4.2 & FVU versions 2.173 & 7.7
A. e-TDS/TCS Return Preparation Utility Ver. 4.2 for Regular & Correction Statement(s) from FY 2007-08 onwards Key Features – Return Preparation Utility (RPU) version 4.2 : This version of RPU is appl...
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Income Tax Department searches Pharmaceutical Group in Bengaluru
Income Tax Department conducts searches on a Pharmaceutical Group in Bengaluru Income Tax Department carried out search and seizure operations on 06.07.2022 on a major Bengaluru-based pharmaceutical g...
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Income Tax Department searches two business groups in Tamil Nadu
Income Tax Department conducts searches two business groups in Tamil Nadu Income Tax Department carried out search and seizure operations on 06.07.2022 on two business groups of Tamil Nadu engaged in...