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Format of Declaration of no PE in India and Form No. 10F
Appendix-I Declaration of no PE in India Declaration required u/s 9 of Income Tax Act, and for claiming relief under an agreement referred to in section 90 and 90A i.e. (for claiming the benefit of DT...
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DTAA between India and Chile notified by CBDT
Notification No. 24/2023- Income-Tax Dated: 03rd May, 2023 under section 90(1) of Income tax Act, 1961 regarding Agreement and Protocol between the Government of the Republic of India and the Governme...
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IBBI invites comments from public on Regulations notified under IBC, 2016
Insolvency and Bankruptcy Board of India Press Release No. IBBI/PR/2023/05 Dated: 04th May, 2023 The Insolvency and Bankruptcy Board of India invites comments from the public on the Regulations notifi...
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Vivad se Vishwas scheme for relief to MSMEs – Last date to Submit claims till 30.06.2023
Vivad se Vishwas scheme for relief to MSMEs for COVID-19 period was commenced from 17.04.2023 and the last date for submission of claims is 30.06.2023. Government launches Vivad se Vishwas scheme for...
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GST Collection In April, 2023 At Record High
April, 2023 has registered a revenue collection (GST) at Rs. 187 lakh crore, which is the highest ever since introduction of GST in July, 2017. GST revenue for April, 2023 are 12 percent higher than A...
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GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore
Gross GST collection in April 2023 is all time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 crore, in April 2022 GST revenues for April 2023 are 12% higher than the GST...
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Data analytics, big data & Artificial Intelligence/Machine Learning in tax administration
Both direct and indirect tax departments employ data analytics, big data and Artificial Intelligence/Machine Learning in tax administration to make it more effective, free of official discretion, busi...
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CBIC to introduce automated GST return scrutiny by next week
Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Indirect Taxes & Customs (CBIC) Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaire...
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Updated List of Banks For Income Tax Payments on e-Filing Portal
Updated List of banks for tax payments available at e-Pay Tax service at e-Filing Portal- HDFC Bank, Punjab & Sind Bank and State Bank of India have been migrated from OLTAS e-Payment of Taxes at NSDL...
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NFRA examines proposals on new standard for accounting of insurance contracts viz. Ind AS 117
The National Financial Reporting Authority (NFRA) held a meeting to examine the proposals received from the Institute of Chartered Accountants of India (ICAI), as required u/s 133 of the Companies Act...
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CAAT request time for implementation of Quality Control Orders for footwear traders
Applicability of Standards on footwear traders may be extended to 8-10 months from 1.7.2023. In first phase it may be implement on manufacturers & later stage on retailers for smooth transition. Confe...
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KPTCE: Representation on glitches and hardship in payment of taxes & filing of returns
KSCAA has sent a representation to the The commissioner of Commercial Tax, on umpteen number of glitches and hardship in payment of taxes and filing of returns under Karnataka Tax on Professions, Trad...
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10 NEW Functionality introduced by GSTN on GST Portal
GST Registration 1. Change made in Composition restriction table The message table containing HSN wise list of items restricted for availing compositing scheme has been updated in the registration app...
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Micro Small Medium Enterprises Certificate
TO WHOM SO EVER IT MAY CONCERN In compliance with the requirements of Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019, issued by the M...
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Revenue files MA in SC seeking clarification regarding applicability of judgement in the light of provisions of Section 150 of IT Act 1961
PCIT Vs Abhisar Buildwell P Ltd (Supreme Court of India) Revenue files MA in SC seeking clarification regarding applicability of judgement in the light of provisions of Section 150 of IT Act 1961 Afte...
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Unique deductees doubled from 4.8 crore in F.Y. 2015-16 to 9.2 crore in F.Y. 2021-22
Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Direct Taxes Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a periodic review...
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Request to Extend date of ‘Opting for Forward charge’ in case of GTA Services
To, The Member Secretary/ Chairperson GST Council NEW DELHI Respected Sir/Madam Re:- Extend the date of “Opting for Forward charge” in case of GTA Services. With reference to above it is respectuflly...
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CBI Arrests A Customs Superintendent & An ACIT
Central Bank of India CBI ARRESTS A SUPERINTENDENT OF CUSTOMS FOR ACCEPTING BRIBE OF RS.50,000/- The Central Bureau of Investigation has arrested a Superintendent of Customs, Kolkata for demanding & a...
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MCA Advisory on Launch of STK-2 form along with C-PACE functionality
In our continuous endeavour to serve you better, the Ministry of Corporate Affairs is launching STK-2 form along with C-PACE functionality on 01st May 2023 at 12:00 AM. To facilitate implementation of...
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Notification No. 23/2023-Income Tax, Dated: 21.04.2023
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 23/2023-Income Tax Dated: 21st April, 2023 S.O. 1831(E).—In exercise of the powers conferred by c...