DPIIT Recognized Startups Exempted from Angel Tax Provisions
CBDT has amended the provisions of the 'Angel Tax' under Section 56(2)(viib) of the Income Tax Act, 1961, to exempt or exclude start-ups recognized by the DPIIT, vide Notification …
Tag: Notifications
Leave Encashment Exemption Limit Enhanced for Private Sector Employees
The tax exemption limit for non-government (private sector) salaried employees on leave encashment has been raised from Rs 3 lakh to Rs 25 lakh, effective April 1, 2023.
GST e Invoicing: Reduction in Turnover Limit, Exclusions and Deadline Extensions by CBIC
CBIC announces a further reduction in the aggregate turnover threshold limit, from Rs 10 crore to Rs 5 crore, for 'e invoicing' of B2B transactions, effective 01/08/2023.
New Procedure for Non-Deduction of Income Tax (No TDS) Certificate through TRACES
Get a complete guide to applying for a no-tax deduction certificate using Forms 15C & 15D in India. Understand the new procedure, format, and standards for online submission through …
Mahila Samman Savings Certificate (MSSC) 2023: A New Savings Scheme for Women
Backed by the government, the Mahila Samman Savings Certificate, 2023 is a safe and secure investment option for women and girl children. Invest now and earn a fixed return …
GSTR-10 Final Return Late Fee Amnesty Scheme
CBIC has notified amnesty scheme for late filers of GSTR-10 Final Return, which restricts the late fee to Rs 1,000 if such return is filed before 30th June 2023.
GSTR-9/9C Late Fee Amnesty upto FY 2021-22 and Reduction from FY 2022-23
GSTR-9/9C late filing fee rationalised for FY 2022-23 & onwards for taxpayers with annual turnover of up to Rs 20 crore and amnesty to non-filers for the FYs 2017-18 …
Aadhaar Authentication/ Physical Verification (New GST Registration) Mandated: Amended CGST Rules 8(4A) & (4B)
Discover the latest amendments to the Central Good and Services Tax Rules, 2017, including compulsory biometric-based Aadhaar authentication and risk-based physical verification for GST registration in Gujarat.
CBIC’s GSTR-4 Amnesty Scheme 2023: Relief for Pending Returns
Discover the CBIC's GSTR-4 Amnesty Scheme, offering relief for taxpayers with pending returns from July 2017 to March 2022. Learn eligibility criteria and benefits now.
CBIC Amnesty Scheme for Withdrawal of Best Judgement Assessement Orders
Discover CBIC's amnesty scheme for non-filers of GSTR 3B & GSTR 10, allowing conditional withdrawal of assessment orders. Learn eligibility, benefits, and deadlines to rectify your non-filing status.