CAclubindia News

Govt Confirms: No Extension Planned for Income Tax Return Filing Deadline

17 July 2023 at 08:45

The Ministry of Finance has said that there is no plan to extend the deadline for filing income tax returns for the financial year 2022-23. The last date for filing returns is July 31, 2023.

Posted in Income Tax | 11703 Views

Income Tax Dept Releases Excel Utility for ITR-6 Filing for AY 2023-24

15 July 2023 at 07:24

Income Tax Department released the Excel based utility for ITR-6 for Assessment Year 2023-24.

Posted in Income Tax | 7401 Views

2 Factor Authentication Deadline Extended for Taxpayers with AATO above 100 crore till 31st July 2023

15 July 2023 at 07:24

The GST E-way bill system issued an Update dated July 14, 2023 related to extended 2 Factor Authentication for all taxpayers with AATO above 100 crore till July 31, 2023.

Posted in GST | 11004 Views

FM Nirmala Sitharaman Clarifies No Income Tax Until Rs 7.27 Lakh

14 July 2023 at 14:53

Finance Minister Nirmala Sitharaman clarified on Friday, July 14, 2023, that annual income up to Rs 7.27 lakh will not be taxed. This is because the basic exemption limit for the new income tax slabs is Rs 3 lakh, and taxpayers who opt for the new ta

Posted in Income Tax | 16863 Views

Income Tax Dept Enables Filing/Re-Filing of Form 10AB on e-Filing Portal for AY 2021-22, 2022-23 & 2023-24

14 July 2023 at 08:42

The Income Tax Department (ITD) enabled the filing/re-filing of Form 10AB for Assessment Years 2021-22, 2022-23, and 2023-24 on the e-filing portal on May 24, 2023.

Posted in Income Tax | 16476 Views

Income Tax Dept Releases Offline Utility for Form 3CA-3CD and 3CB-3CD for AY 2023-24

14 July 2023 at 08:41

Income Tax Department (ITD) has issued the common offline utility for Form 3CA-3CD and 3CB-3CD for the Assessment Year 2023-24.

Posted in Income Tax | 37287 Views

Assam Govt Mandates Registered Lease Deed / Rent Agreement for GST Registration

13 July 2023 at 13:35

The Assam GST Department has issued Circular No. 01/2023 dated July 07, 2023, which mandates the furnishing of a valid rent agreement/lease deed duly registered with the Sub-Registrar or competent authority for registration under GST.

Posted in GST | 19290 Views

Indian Gaming Industry Braces for Job Cuts as GST Increase Sparks Concerns

13 July 2023 at 08:52

The Indian gaming industry is facing a major crisis after the GST Council decided to levy a 28% GST on online gaming, casinos, and horse racing.

Posted in GST | 6741 Views

CBDT clarifies taxability of non-resident investor's offshore income via AIF

13 July 2023 at 08:48

CBDT has recently issued Circular 12/2023, dated 12 July 2023, aiming to provide much-needed clarification on the taxability of income earned by non-resident investors from offshore investments made through an Alternative Investment Fund (AIF).

Posted in Income Tax | 8763 Views

ICAI seeks Public Input on Proposed Amendments to Chartered Accountants Regulations 1988

13 July 2023 at 08:47

Inviting Public Comments on draft amendments in the Chartered Accountants Regulations, 1988 arising out of Amendment Act 2022

Posted in Professional Resource | 7152 Views