CBDT Notifies Revised Forms ITR-2, 3, 5 for AY 2024-25 and Amends Rule 12
CBDT has notified the revised Income-tax Return Forms ITR-2, 3 and 5 for the AY 2024-25 and has amended Rule 12 from 01/04/2024, vide Notification 19/2024.
CBDT Notifies Revised Form ITR-6 for AY 2024-25
CBDT has notified revised Income-tax Return Form ITR-6, under Section 139 of the Income Tax Act, 1961, applicable for the AY 2024-25, vide Notification 16/2024 effective from 01/04/2024.
GSTN Advisory on Furnishing Bank Account Details by Taxpayers
GSTN has issued advisory for registered taxpayers regarding mandatory requirement of furnishing of bank account details within 30 days of registration.
EPFO Stops Accepting Aadhaar as DOB Proof
EPFO removes Aadhaar as proof of date of birth in line with UIDAI's directive and legal stance on Aadhaar's limitations. EPFO members and entities involved in date of birth …
GSTN Advisory on New Tables 14 & 15 in GSTR-1 (Notification 26/2022)
GSTN has issued an advisory on new Tables 14 and 15 in GSTR-1, earlier introduced via Notification 26/2022. These tables will be available in GSTR-1/IFF from January 2024 tax …
CBIC Extends GSTR-9/9C Filing Deadline for 9 TN Districts (FY 2022-23)
CBIC extends Due Date up to 10th January, 2024 for GSTR-9/9C (2022-23) for 9 Tamilnadu districts (Chennai, Tiruvallur, Chengalpattu, Kancheepuram, Tirunelveli, Tenkasi, Kanyakumari, Thoothukudi, and Virudhunagar).
GSTR-3B (Nov’23) Deadline Extended for 5 Tamilnadu Districts
CBIC extends due date for GSTR-3B (Nov. 2023) upto 10th January, 2024 for taxpayers of Tirunelveli, Tenkasi, Kanyakumari, Thoothukudi and Virudhunagar districts of Tamilnadu.
ICAI Technical Guide 2024 on BEPS Action Plans and MLI (Multilateral Instrument)
ICAI has released second edition (January 2024) of the "Technical Guide on BEPS Action Plans and MLI (Multilateral Instrument)" to provide guidance for transparent international tax practices.
Inoperative Accounts/Unclaimed Deposits: Revised RBI Instructions 2024
RBI has issued revised Instructions effective 01/04/2024 relating to Inoperative Accounts/ Unclaimed Deposits in Banks and waiver of related Penal Charges.
Section 80D: Medical/ Health Insurance Premium (Mediclaim Deduction)
Section 80D of the Income Tax Act of 1961 provides for a deduction to Individuals and HUFs in respect of payment of medical or health insurance premium for family, …