Category: Updates
GSTN has issued Advisory on Generation of e-way bill where the principal supply by the Taxpayer is classifiable as the Service, as under: 1. Representations have been received from …
CBDT clarifies the issue of carry forward of losses of ‘erstwhile public sector company’ u/s 79 in case of change in shareholding due to ‘strategic disinvestment’, in view of …
CBDT notifies the Income-tax (27th Amendment) Rules, 2021 to insert new IT Rule 14C, which prescribes that EVC is not required for authentication of electronic records submitted under Faceless …
CBDT prescribes procedure for handling of assessment/ penalties by Jurisdictional Assessing Officers in cases transferred out of Faceless Assessment/ Faceless Penalty proceedings under the Income-tax Act, 1961. Also CBDT …
ICAI has released the Handbook on ‘Registration of Charitable & Religious Institutions for Income tax Exemption’ which explains the new IT provisions/ procedures for registration and renewal applicable for …
ICAI has released the publication titled ‘Technical Guide on Taxation of HUFs’, which covers laws and procedures relating to taxation of HUFs at length and is very useful to …
CBDT notifies the Income-tax (26th Amendment) Rules, 2021 to insert new IT Rule 26D regarding furnishing of declaration and evidence of claims by specified senior citizens in new IT …
Income Tax is a very dynamic and fast changing subject, i.e. subject to continuous amendments. In addition, technology is being adopted for execution of various income tax procedures, like …
New faceless regime being technology driven is prone to certain challenges and hence the ICAI has released the publication titled ‘Technical Guide on Faceless Appeal Proceedings before CIT (Appeals)’ …
ICAI has released the publication titled ‘Technical Guide on Income Tax on Reconstitution of Firms’ for Members, in view of the amendments made by the Finance Act, 2021 in …