Category: Updates
CBDT notifies the Income-tax (24th Amendment) Rules, 2021, to insert new IT Rules 12AA and 51B prescribing ‘any other person’ who can verify ITR u/s 140 & appear before authorities …
CBDT notifies the Income tax (23rd Amendment), Rules, 2021, to insert new IT Rule 10RB for prescribing the procedure/ methodology for re-computation of book profit u/s 115JB of the …
CBDT notifies the Income tax (22nd Amendment), Rules, 2021, to prescribe methodology for computing income of specified funds covered u/s 10(4D)/115AD of the Income tax Act, 1961, attributable to …
CBDT further extends due dates for e-filing of various Forms under the Income-tax Act/ Rules, vide Circular 15/2021 dt. 03/08/2021. Reportedly, taxpayers and other stakeholders are facing difficulties in …
CBIC notifies omission of provisions u/s 35(5) of the CGST Act, 2017 relating to submission of audited annual reconciliation statement in Form GSTR 9C, i.e. now Annual GST Return …
MCA has further clarified that spending of CSR funds for COVID-19 vaccination of persons other than the employees and their families, is an eligible CSR activity. Earlier, MCA had …
The CBIC has made it clear that the extension of “limitation timelines” given by the Hon’ble Supreme Court in its Order dated 27/04/2021, applies to appeals against any quasi-judicial …
CBDT extends the deadline for e-filing IT Forms 15CA/ 15CB, so taxpayers can submit them manually to authorised dealers until 15/08/2021 for forex remittances. CBDT previously extended the deadline …
CGST Zones and Directorate General of GST Intelligence have booked about 8000 cases involving fake ITC claims of over Rs. 35000 crore in FY 2020-21, as detailed here-under: MoF, …
CBIC notifies that registered persons having turnover of above Rs. 500 crores shall be required to issue invoice with Quick Response (QR) Code in respect of B2C supplies (i.e. …