ICAI’s Revised Overview of IND ASs issued by MCA (July, 2023)
ICAI has published the revised 2023 edition of the booklet "Indian Accounting Standards (IND ASs): An Overview", which summarises different aspects of Ind ASs issued by MCA.
Author: Kewal Garg
CBDT Guidelines on Condonation of Delay in ITR Filing by Cooperative Societies
CBDT Circular 13/2023 provides guidelines for condoning the delay in filing income tax returns by co-operative societies claiming deductions under Section 80P, for AY 2018-19 to AY 2022-23.
TDS Exemption on Dividends for IFSC Units in Aircraft Leasing: CBDT Notification
CBDT has issued Notification 52/2023 on TDS exemption for IFSC units engaged in aircraft leasing, subject to compliance with prescribed procedure.
Amendment in I-T Rule 11UAC: Relocation of Funds & Movable Property to IFSC
Explore the advantages of relocating funds to IFSC under CBDT's new amendment. Learn how this expansion benefits investors and fund management entities.
I-T Exemption Rules Amended for Certain Investments by Non-residents
Understand the CBDT's amendment in I-T rules regarding tax exemptions to non-residents for investments in certain financial instruments and specified funds.
Karnataka Karasamadhana Scheme, 2023: Resolve Pre-GST Tax Disputes
The Karasamadhana Scheme was introduced on February 17, 2023, to help taxpayers resolve old tax disputes from before the Goods and Services Tax (GST) was introduced. This scheme aims …
Education by Isha Samskriti not exempt from GST: AAR
The Authority for Advance Ruling in Karnataka recently denied GST exemption to Isha Foundation’s proposed gurukul-style residential school, Isha Samskriti. In a significant ruling, the Authority held that the …
Amendments in Taxation of Non-residents for Off-Shore Investment via AIF
Explore the modifications introduced in CBDT Circular 12/2023, clarifying the taxability of income derived by non-resident investors from off-shore investments via an AIF.
GSTN under PMLA (ED/FIU) Purview to Combat Money Laundering
Discover how the inclusion of GSTN under the PMLA strengthens the fight against money laundering. Explore the implications of data sharing between GSTN, ED and FIU.
Know Your Income Tax Refund Status: New Feature on e-Filing Portal
Explore the new feature on the e-Filing Portal of the Income Tax Department, called "Know Your Refund Status", for taxpayers to monitor refund status in real-time.