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CBDT issued Notification No. 43/2023-Income Tax dated 21st June 2023 and notified New Form 10IEA for Opting & withdrawing from New Tax regime for FY 23-24. This notification introduces new rules to am...

The Reserve Bank of India (RBI) issued a circular on June 8, 2023, providing further clarification on its framework for compromise settlements and technical write-offs. The circular seeks to clear mis...

Central Board of Direct Taxes (CBDT) has issued an order specifying the scope of the e-Appeals Scheme under sub-section (6) of section 246 of the Income-tax Act, 1961. The order states that all appeal...

Introduction: The Central Board of Indirect Taxes and Customs (CBIC) has published the National Time Release Study (NTRS) 2023 report, which evaluates the performance of cargo release times at Indian...

The Ministry of Finance recently released the figures for direct tax collections in the Financial Year 2023-24, showcasing a substantial growth rate and a notable increase in refunds. This article pro...

The Central Bureau of Investigation (CBI) has made significant progress in multiple bribery cases, including the arrest of CGST officials in Jabalpur and the filing of a chargesheet against a former I...

The International Financial Services Centres Authority (IFSCA) has released a consultation paper on the proposed IFSCA (Payment Services) Regulations, 20XX. The objective of this paper is to invite co...

The Amendment under SEBI (LODR) Regulations, 2015 has been made vide Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023. The...

The GST portal has introduced several new features and updates to enhance the user experience and streamline various processes. This article highlights the recent changes, including geocoding of the p...

Updated List of banks for tax payments available at e-Pay Tax service at e-Filing Portal- The e-Filing portal’s e-Pay Tax service offers a convenient way to make tax payments online. Recently, there h...

CBDT issued a Notification No. 42/2023-Income Tax Dated 15th June, 2023, designating Special Courts for Economic Offences in the state of Jharkhand. The notification identifies the specific courts and...

Karnataka State Chartered Accountants Association (R) (KSCAA) has written a representation to the Department of Legal Metrology in Karnataka, discussing the challenges encountered in obtaining a Packi...

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 41/2023-Income Tax | Dated: 14th June, 2023 S.O. 2625(E).—In exercise of the powers conferred by section 11...

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 40/2023- Income Tax, Dated: 14th June, 2023 S.O. 2624(E).— In exercise of the powers conferred by sub-secti...

Karnataka State Chartered Accountants Association (R.) (KSCAA) addresses the Department of Labour, Government of Karnataka, with a representation on the challenges faced in obtaining registration unde...

Karnataka State Chartered Accountants Association (R.) addresses the Department of Stamps, Government of Karnataka, with a representation on the challenges encountered in registering firms. Representa...

2 Factor Authentication for e-Way Bill and e-Invoice System will be made mandatory from 15/07/2023 for all the taxpayers with AATO above 100cr. Introduction Effective from 15/07/2023, the National Inf...

CBDT notifies e-advance rulings (Amendment) Scheme, 2023 which amend e-advance rulings Scheme, 2022. Amendments are related to Board for Advance Rulings and notified vide Notification No. 38/2023 Inco...

CBDT amends Income Tax Rule 44E, 44F and FORM No. 34C to FORM No. 34EA vide Notification No. 37/2023 Income-Tax Dated: 12th June, 2023. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DI...

In a recent representation to the Chairman of the Central Board of Direct Taxes, the Karnataka State Chartered Accountants Association (R.) (KSCAA) has raised concerns about the prolonged delays in is...