ICAI’s Revised Guidance Note 2023: Tax Audit u/s 44AB (AY 2023-24)
ICAI has released Revised Guidance Note (2023 Edition) on Tax Audit under Section 44AB of the Income Tax Act, 1961, incorporating amendments by Finance Act, 2023.
Category: Updates
New I-T Rule 134 for Claiming Credit of TDS u/s 155(20) in Form 71
Explore CBDT Notification 73/2023 regarding procedure under New I-T Rule 134 for Claiming Credit of TDS u/s 155(20) in Form 71.
Electronic Credit Reversal and Reclaimed Statement: GSTN Advisory on New Feature
Explore the GSTN Advisory on New Feature at GST Portal "Electronic Credit Reversal and Reclaimed Statement" along with opening balance reporting and amendment guidelines.
New I-T Rules 13, 13A and Forms 6C, 6CA Notified by CBDT
Explore CBDT Notification 70/2023 about new I-T Rules 13 and 13A, as well as new I-T Forms 6C and 6CA under Income-tax Rules, 1962.
GSTN Advisory on Biometric-based Aadhaar Authentication for GST Registration Applications
Explore the GSTN advisory on biometric-based Aadhaar authentication for GST applications, effective from 30/08/2023. Functionality begins in Puducherry, involving GSK visits for registration completion.
Extension of GST Returns Due Dates for Manipur Taxpayers: CBIC Notifications
CBIC notifies extensions of due dates for Manipur taxpayers in respect of returns in Forms GSTR-1, GSTR-3B and GSTR-7 for April, May, June & July 2023.
MCA’s Condonation Scheme for Delay in Filing LLP Forms (3, 4, 11)
MCA has introduced Condonation Scheme for Delay in Filing LLP Forms 3, 4 & 11, in view of difficulties being faced by stakeholders.
CBDT Amends I-T Rule 3: Perq Value of Residential Accommodation
CBDT Notifies Revised Income Tax Rule 3(1) for determination of value of perquisite in respect of residential accommodation provided by employer, effective September 1, 2023.
RBI Guidelines on Switching/Reset of Floating Interest Rate Loan EMIs
Explore RBI's transparent lending guidelines for SCBs, NBFCs, and HFCs, offering interest rate flexibility and borrower empowerment in India's financial landscape.
RBI’s Revised Guidelines on Penal Charges in Loan Accounts
RBI's new guidelines on penal charges in lan accounts to ensure fairness, transparency, and credit discipline, effective from January 1, 2024.