Macro-Economic indicators for the month reflects expansion throughout the economy at a moderate pace. While CPI inflation is again creeping…
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Date Extension- ITC Reversal, Reclaim and Order under section 73
CBDT extends time limit for passing order under section 73 and ITC reversal and reclaim Download PDF:-
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Feedback for High-Value Transaction Under e-Campaign on Compliance Portal
Under e-campaign, the income tax department sends emails/SMS to identified taxpayers to verify their financial transactions related to information received…
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Macro Economic Factors- December 2023
The Macro-Economic indicators for the month gave mixed signals. Foreign trade numbers have declined due to the global slowdown, but…
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GST Appeal Pre-deposit from Electronic Credit Ledger
Clarification on GST Appeal 10% Pre-deposit requirement Download PDF:-
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Non applicability of Black Money Act if Investment in Foreign Entity is disclosed in Audited Balance Sheet.
The assessee admittedly duly recorded and disclosed the investment in foreign entity in its audited balance-sheet and also furnished such…
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Supreme Court ruling on Automatic enforcement of Most Favoured Nation (MFN) Clause in Indian Tax Treaties.
The Hon’ble Supreme Court has made a ruling on availing benefits under MFN clause of India’s income tax treaties only…
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Macro Economic Factors- November 2023
The macro-economic Indicators for the month gave mixed signals with strong domestic demand during the festive season, while the ongoing…
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Maintenance of Shares in Demat Form
The Government has mandated private companies to convert and maintain its securities to dematerialised form before September 30, 2024. Download…
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Macro Economic Factors- October 2023
The Macro-Economic indicators for the month signal at strong growth in India’s economic activities. World economies are on high alert…
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GST 52nd GST Council Meeting recommendation on Corporate Guarantee.
Clarification on GST on Corporate Guarantee. Download PDF:-
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CBDT notification for e-form 13 for application of Lower Deduction Certificate for TDS.
CBDT has notified procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its…
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Macro Economic Factors- September 2023
The Macro-Economic indicators for the month signal a blurry picture in India’s growth activities. While credit growth and services PMI…
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New e-Form 71 for TDS Credit
The CBDT has notified the *Form No 71* to e- file rectification u/s 155(20) to allow TDS in cases were…
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Amendment in Rule 3 for Determination of value of Perquisite.
Finance Act, 2023 brought in an amendment for the purposes of calculation of “perquisite” with regard to the value of…
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Introduction of Condonation of Delay Scheme, 2023 for LLPs
The Government has decided to grant one-time relaxation in additional fees to those LLPs who could not file Form-3, Form-4…
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Macro Economic Factors- August 2023
The Macro-Economic indicators for the month signal good progress in sustaining India’s growth momentum majorly due to domestic demand. While…
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New Rule 6ABBB in Income Tax Rules,1962.
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