Category: Updates
CBDT notifies the Income Tax (31st Amendment) Rules 2021, i.e. final Rules on ‘no retrospective taxation’ in line with the Amendments made by the Taxation Laws (Amendment) Act, 2021. …
CBIC clarifies the issue of refund of tax wrongfully paid as specified u/s 77(1) of CGST Act and u/s 19(1) of the IGST Act, i.e. where a supply is …
CBDT has issued Order to Regularise the Income Tax Returns (ITRs) submitted/ verified using EVC instead of DSC as required under IT Rule 12, due to technical issues at …
PFRDA has modified the norms applicable for exit from National Pension Scheme (NPS) to enhance/ increase the lumpsum withdrawal limit under the NPS, i.e. for premature exit, normal exit …
CBIC Clarifications on Supply/ Export of Services under the IGST Act 2017 explained with key rules, conditions, and practical impact.
CBIC has addressed some GST-related concerns, such as delinking debit note date from invoice date for ITC, no need to carry physical copy of tax invoice if e-invoice created, …
In order to facilitate the exporters, CBIC has clarified various doubts in the matter of Scope/ Definition of ‘Intermediary’ Services under the IGST Act 2017. Also the requirements for …
CBDT notifies 'no TDS u/s 194A by banks in respect of payment of interest of upto Rs. 20 lacs made to a member of Scheduled Tribe residing in areas …
CBDT has further extended certain timelines to ease compliances under the Income Tax Act, 1961, including for PAN-Aadhaar linking, completion of penalty proceedings, benami proceedings, etc.
ICAI has announced to extend the time limit for generating UDIN from 15 days to 60 days from the date of the signing of certificates/ reports/ document with immediate …