The Income-tax (7th Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on May 30, 2023. The rules make amendments to the Income-tax Rules, 1962.
E-Way bill System is provisioned with the following new features for the Enrolled Transporters, Common Enrolled Taxpayers
Income Tax Return Form of ITR-2 is enabled to file through Online mode with prefilled data at the portal. T
CBDT has notified the E-Appeals Scheme, 2023 to ease the caseload of the Income-tax Appellate Tribunal (ITAT). The scheme will allow taxpayers to file appeals electronically, which is expected to reduce the time and cost of filing an appeal.
CBDT has amended the Income-tax Rules, 1962 to enable the filing of an appeal before the Joint Commissioner (Appeals) (JCIT(A)). The amendments were made in Rules 45 and 46A, and Form 35.
Ministry of Finance has issued Office Memorandum vide No.F.1/7/2022-PPD dated May 29, 2023 has decided to implement a one-time settlement scheme called "Vivad se Vishwas II (Contractual Disputes)"
Advisory on filing of declaration in Annexure V by GTA opting to pay tax under forward charge mechanism
Empanelment with the O/o C&AG of India for the year 2023-2024
The Central Board of Indirect Taxes and Customs ("CBIC"), the Directorate General of Systems and Data Management has issued an Advisory dated May 26, 2023 to all ECL users for PAN merger with ICEGATE ID on ICEGATE.
The income tax department is closely monitoring advance tax payments by scrutinising companies' annual and quarterly balance sheets
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