CBIC extends GSTR-3B Due Date (September 2022): Central Tax Notification 21/2022
CBIC has notified that the due date for filing the return in Form GSTR-3B for the month of September 2022 has been extended up to October 21, 2022 in …
Tag: Notifications
New IT Rule 132 on Application for Re-computation of Income u/s 155(18): CBDT Income Tax Notification 111/2022
New IT Rule 132 on “Application for Re-computation of Income under Sub-section (18) of Section 155” has been inserted by CBDT, along with new IT Forms 69 and 70, …
Commencement Date of Certain Sections of CGST Act 2017 amended by FA 2022: CBIC Central Tax Notification 18/2022
CBIC notifies the commencement date of certain sections of the CGST Act 2017 amended by the Finance Act 2022 as 01/10/2022. Accordingly, the provisions of Sections 100 to 114, …
New IT Rule 12AD/ Form ITR-A for Return u/s 170A and Amendment in Form ITR-6: CBDT Income Tax Notification 110/2022
The CBDT notifies the Income-tax (31st Amendment) Rules, 2022, to insert a new IT Rule 12AD/ Form ITR-A regarding the filing of a Return of Income by a Successor …
Small Companies Thresholds further increased by MCA (Paid-up Capital/ Turnover)
As part of the ‘ease of doing business’ initiative, MCA has revised/increased the ‘paid-up capital’ and ‘turnover’ thresholds applicable in the case of ‘small companies’ under the Companies Act, …
New Rule 25B on ‘Physical verification of Registered Office of Company’: MCA
MCA notifies new Companies Incorporation Rule 25B on ROC’s ‘Physical Verification of the Registered Office of Company’ and report thereon, followed by requisite notice and name removal action, where …
IT Rule 128(9) Amended: Form 67 FTC Claims Timeline Relaxed (Belated/ Updated ITR)
CBDT modifies IT Rule 128(9) to provide significant relief to Indian taxpayers regarding Foreign Tax Credit (FTC) claims by extending the deadline for filing Statement in Form No. 67. …
S. 206C(1G) TCS Not Applicable to Non Resident buyers without PE in India: CBDT
CBDT notifies exemption from applicability of TCS provisions u/s 206C(1G) in the case of an individual who is not a resident in India in terms of clause (1) and …
New IT Rule 40G/ Form 29D for Refund u/s 239A of Incorrect TDS u/s 195
The Finance Act 2022 added a new IT Section 239A, which provides for a refund of tax deducted (TDS) u/s 195 on any income (other than interest income) by …
IT Rule 17/ Form 10 amended to allow accumulation of income by S. 10(23C) entities
CBDT has amended IT Rule 17/ Form 10 to allow income accumulation by entities approved u/s 10(23C) for a period of up to 5 years when utilisation is less …