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 …
GST Council in its 45th meeting held at Lucknow on 17/09/2021, has made various recommendations relating to changes in GST rates and GST law & procedure, as under: MoF, …
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 …