CBDT notifies changes to Rule 11UA in respect of ANGEL TAX Posted On: 26 SEP 2023 7:29PM by PIB Delhi The Finance Act, 2023, brought in an amendment to bring the consideration received from non-residents for issue of shares by an unlisted company within … Continue Reading →

Claims of more than 10,000 MSMEs accepted under Vivad se Vishwas-I scheme since launch; Rs. 256 crore relief grant to MSMEs ensures bank credit flow and freeing up guarantees Posted On: 26 SEP 2023 1:43PM by PIB Delhi In a major relief to the … Continue Reading →

Government of Odisha vide circular/letter Memo. No. FIN-CT1 -TAX-0037-2023-25404/F, Dated 07th September, 2023 issued clarification regarding applicability of e-invoice with respect to supplies made by a registered person to Government Department or establishment/Government agencies/local authorities/PSUs registered solely for the purpose of TDS. GOVERNMENT OF ODISHA … Continue Reading →

Hon’ble High Court Patna in case of M/s Sita Pandey Vs State of Bihar (Patna High Court) Date of Judgement 23-08-2023 held that the tax authority should also act as a facilitator of business and economy and not merely as an extortionist, always looking to … Continue Reading →

Welfare measures include increase in gratuity limit, eligibility for renewal commission, term insurance cover for LIC agents; and a uniform rate of family pension for LIC employees Posted On: 18 SEP 2023 2:04PM by PIB Delhi The Ministry of Finance today approved a series … Continue Reading →

Net Direct Tax collections for the FY2023-24 (as on 16.09.2023) grow at over 23.51% Advance Tax collections for FY2023-24 (as on 16.09.2023) stand at Rs. 3,55,481 crore with a growth of 20.73% Refunds aggregating to Rs. 1,21,944 crore issued upto 16.09.2023 Posted On: 18 SEP … Continue Reading →

The due date of furnishing Audit reports in Form 10B/Form 10BB for the Financial Year 2022-23, which is 30.09.2023 has now been extended by the Central Board of Direct Taxes (CBDT) to 31.10.2023. The due date of furnishing of Return of Income in Form ITR-7 … Continue Reading →

SFIO arrests Chartered Accountant in Hyderabad for role during demonetisation Posted On: 18 SEP 2023 11:30AM by PIB Delhi Based on specific intelligence, officers of the Serious Fraud Investigation Office (SFIO), Ministry of Corporate Affairs, in collaboration with Commissioner of Police, Mumbai, arrested Shri … Continue Reading →

Hon’ble Patna High Court in case of M/s Gobinda Construction Vs Union of India through the Secretary Date of Judgement: 08-09-2023 held that sub-section (4) of Section 16 of the CGST/ BGST Act are constitutionally valid and are not violative of Articles 19(1)(g) and Article … Continue Reading →

Hon’ble ITAT Delhi in case of M/s FIL India Business & Research Services Pvt Ltd Vs ACIT (ITAT Delhi) Appeal Number: ITA No. 412/Del/2023 Date of Order: 10/08/2023 held that the assessee cannot be held responsible attracting the disallowance for the two days delay which … Continue Reading →