CAclubindia News

CBDT amends Rules 45/46A and Form 35 to enable filing before JCIT(A)

31 May 2023 at 08:57

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.

Posted in Income Tax | 7104 Views

Govt unveils Vivad se Vishwas II Scheme for Pending Contract Disputes

31 May 2023 at 08:56

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)"

Posted in Income Tax | 6342 Views

GSTN issues advisory on filing of declaration in Annexure V by GTA opting to pay tax under forward charge mechanism

31 May 2023 at 08:55

Advisory on filing of declaration in Annexure V by GTA opting to pay tax under forward charge mechanism

Posted in GST | 7059 Views

Provisional Empanelment Status and Point Score for 2023-2024 now available on CAG website

30 May 2023 at 14:17

Empanelment with the O/o C&AG of India for the year 2023-2024

Posted in Professional Resource | 8277 Views

CBIC advises ECL users on PAN merger with ICEGATE ID

30 May 2023 at 08:42

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.

Posted in Custom | 4302 Views

Income Tax Department Tightens Grip on Companies' Advance Tax Payments

30 May 2023 at 08:41

The income tax department is closely monitoring advance tax payments by scrutinising companies' annual and quarterly balance sheets

Posted in Income Tax | 4203 Views

Dec 2023 CA Foundation Exams to Follow Existing Education and Training Scheme

29 May 2023 at 16:55

Students may note that December, 2023 CA Foundation Examination would be held under the Existing Scheme of Education and Training.

Posted in Students | 9939 Views

Govt's push to align TCS with TDS: Insights from Chief Economic Advisor

29 May 2023 at 08:50

The government is attempting to link tax collected at source for payments made by individuals with tax deducted from their income sources, a move that will help in ensuring cash flows of the individual taxpayers are not impacted

Posted in Income Tax | 9513 Views

Income proof becomes mandatory for Rs 10 lakh investments in small savings schemes

29 May 2023 at 08:49

The government has now made it mandatory for those investing over Rs 10 lakh in post office schemes to provide proof of source of funds.

Posted in Corporate Law | 10626 Views

Banks directed to alert Income Tax Department on large Rs 2000 Deposits

29 May 2023 at 08:47

Banks will be required to notify the income tax department about large cash deposits of ₹2,000 currency notes above a threshold as part of the statement of financial transactions (SFT) they are mandated to submit to the tax authority annually.

Posted in Income Tax | 30405 Views