Category: Updates
CBDT prescribes procedure for claiming tax exemption in respect of any sum received as ex-gratia, for treatment of ‘COVID-19’ or consequential death, by Individual/ family members. The procedure notified …
CBDT reduces the ITR verification time limit from 120 days to 30 days. Discover how taxpayers can avoid penalties and legal issues.
CBDT has issued three orders under Section 119 in relation to the delegation of additional powers to the Commissioner of Income Tax in relation to a ‘belated application for …
CBDT has issued further Guidelines/FAQs/clarifications for removal of difficulties in TDS u/s 194S(6) of the Income-tax Act, 1961, relating to payments of consideration for transfer of a virtual digital …
CBDT has issued Circular 13/2022 on Guidelines/FAQs to address issues relating to TDS under Section 194S(6) on payments of consideration for the transfer of a virtual digital asset (VDA) …
In light of recent changes in the Income Tax provisions relating to compliance by charitable religious trusts/institutions, the ICAI has issued a new publication, ‘Handbook on Statement of Donations …
CBIC notifies waiver of late fee u/s 47 of the CGST Act, 2017, in respect of delay in filing Form GSTR-4 for FY 2021-22, during the period from 01/05/2022 …
CBIC directs GST Investigation Officials to ensure that any tax payments made during a search, inspection, or investigation are made voluntarily by taxpayers using DRC-03 and that no coercive …
CBIC has extended the due date for filing of Form GST PMT 06, applicable for payment of monthly tax in the case of Taxpayers under QRMP Scheme, for ‘April …
CBIC has extended the due date for filing of GST Return in Form GSTR 3B for the month of ‘April 2022’ upto 24/05/2022, vide Central Tax Notification 5/2022 dt. …