CAclubindia News

IT Department introduces validation rules for e-filing of ITR-1, ITR-2 and ITR-4 for AY 2023-24

25 May 2023 at 08:47

Income Tax Department has issued Validation Rules dated May 23, 2023 (Version 1.0) w.r.t. e-filing of ITR-1, ITR-2 and ITR-4 for AY 2023-24.

Posted in Income Tax | 65934 Views

Excel utility for ITR-3 AY 2023-24 now available for e-filing

25 May 2023 at 08:46

For individuals and HUFs having income from profits and gains of business or profession

Posted in Income Tax | 3393 Views

PAN Card Compulsory for Deposits Exceeding Rs 50000 in Rs 2000 Notes

25 May 2023 at 08:44

If you deposit more than Rs 50,000 in a single transaction, then you have to mandatorily quote your PAN as per income tax rules.

Posted in Income Tax | 106482 Views

CBDT provides clarity on charitable and religious trust provisions

25 May 2023 at 08:43

CBDT vide Circular No. 6 of 2023 dated May 24, 2023 issued clarification regarding provisions relating to charitable and religious trusts.

Posted in Income Tax | 9024 Views

Income tax rules amended to ensure accurate taxation of online gaming winnings

24 May 2023 at 08:42

The Central Board of Direct Taxes (CBDT) has amended income tax rules to streamline and standardize the calculation and reporting of winnings from online gaming to improve tax compliance.

Posted in Income Tax | 6012 Views

CBDT introduces Tax Calculator for FY 2023-24

24 May 2023 at 08:41

CBDT released the Tax Calculator for FY 2023-24 (AY 2024-25).

Posted in Income Tax | 9006 Views

E-commerce minnows face heat in fake GST registration crackdown

24 May 2023 at 08:40

Small businesses that sell goods through e-commerce platforms fear a recently launched drive against fake GST registrations could hit them hard because many of them run operations

Posted in GST | 3408 Views

MCA proposes higher penalties and wider leniency to combat cartels

24 May 2023 at 08:39

Higher penalty for cartels and greater leniency provisions introduced in competition law last month will go hand in hand in tackling cartels which are by nature difficult to prove, the corporate affairs ministry said in a monthly update

Posted in Corporate Law | 3456 Views

ITR-1 and ITR-4 e-Filing commences with prefilled data for AY 2023-24

23 May 2023 at 10:03

Taxpayers can now file returns for AY 2023-24 through Income Tax Return (ITR) forms ITR-1 and ITR-4 on the e-filing portal in online mode with prefilled data.

Posted in Income Tax | 23850 Views

GSTN set to go live on Account Aggregator Ecosystem ahead of 1st July 2023

23 May 2023 at 08:47

The Goods and Services Tax Network (GSTN), which is the technology interface between government and taxpayers, is due to be integrated with the country's ambitious financial data sharing network Account Aggregator before July 1

Posted in GST | 12558 Views