ICAI Guidance Note 2023 on ‘Financial Statements of LLPs’
ICAI has released Guidance Note 2023 to standardize ‘Financial Statements of Limited Liability Partnerships (LLPs)’, for comprehensive financial reporting, from FY 2024-25.
Category: Updates
ICAI Guidance Note 2023 on ‘Financial Statements of NCEs (Non Corporate Entities)’
ICAI issues Guidance Note 2023 to standardize "financial statements of non-corporate entities (NCEs)", for comprehensive financial reporting, except LLPs.
New I-T Rule 11UACA: Taxable Receipts from Life Insurance Policies
CBDT notifies new I-T Rule 11UACA on Computation of income chargeable to tax under section 56(2)(xiii) in respect of Receipts from Life Insurance Policies.
CBDT Extends Transfer Pricing Safe Harbour Rules up to AY 2023-24
The CBDT has extended the applicability of I-T 10TD(1) and (2A) relating to Transfer Pricing Safe Harbour Rules up to AY 2023-24.
Sub-Users’ Access to e-Invoices and E-Waybills Simplified
Learn how main users can grant access to generated invoices, enabling actions like viewing, canceling and generating e-Waybills, to simplify e-Invoice and e-Waybill management with enhanced access options for …
CBIC Notifies Special Procedure for E-Commerce Operators (Unregistered/Exempted Suppliers)
CBIC notifies Special Procedure for E-Commerce Operators regarding supplies made by Unregistered/Exempted Suppliers thru their platform, effective 01/10/2023, vide Central Tax Notification 37/2023.
CBIC Notifies Special Procedure for E-Commerce Operators (Composition Suppliers)
CBIC notifies Special Procedure for E-Commerce Operators regarding Composition Suppliers, effective October 1, 2023, vide Central Tax Notification 36/2023.
GSTN Advisory on Service Charges for e-Invoice Reporting and IRN Generation thru IRPs and Value Added Services
Learn abut the GSTN Advisory on e-Invoice reporting and IRN generation through IRPs and their free services and value-added services.
TDS Exemption u/s 194-I for IFSC Lessor Ships Lease Rent: CBDT Notification
CBDT notifies exemption from TDS u/s 194-I on lease rent or supplemental lease rent of a ship received by a unit operating within an IFSC, vide Notification 57/2023.
Recommendations of 51st GST Council Meeting: Highlights
Key recommendations from GST Council for taxation of supplies in casinos, horse racing and online gaming, including proposed amendments, unified tax rates.