[ad_1] As everyone knows, it is mandatory for all CAs to update the UDIN for all the IT forms uploaded by them on the e-filing portal. However, at present the e-filing portal does not support UDIN updation for all IT forms. In view of the above, CBDT Last date for updating UDIN for all IT […]
Merely on Form 26AS Sale Consideration cannot be Determined
[ad_1] Fact and Issue of the case This appeal by the assessee is directed against order of the CIT(A) dated 28.2.2018. The assessee has raised following grounds of appeal: “The impugned Appellate order dated 28-02-2018 passed by the Learned CIT(A), Bangalore, is opposed to law, facts and circumstances of the case in so far as […]
CBDT amends Income Tax Rule 2F and Rule 8B and issues new Form No. 5B and 5BA
[ad_1] GSR 275(E).—In exercise of the powers conferred by clause (48) of section 2 and clause (47) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the Income-tax Rules, 1962 To further amend the following rules, namely:- Short title and commencement. […]
GST: Form 1st April 2022 Issuance of provisional attachment orders and its restoration on BO system.
[ad_1] The provisional attachment action prescribed under section 83 of the GST Act(s) is a safeguard measure to safeguard the revenue during the pendency of the proceedings. It freezes the attached properties thereby preventing the taxpayer from disposing of them and against this background, the act of temporary attachment assumes prime importance in protecting the […]
The Companies (Management and Administration) Amendment Rules, 2022
[ad_1] Ministry of Corporate AffairsnotificationNew Delhi, 6th April, 2022 GSR 279(E)—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby further amends the following rules of the company ( (Management and Administration) Rules, 2014, namely:- 1. Short title and […]
Tax revenue in 2021-22 exceeds Union Budget Estimates by ₹5 lakh crore
[ad_1] Tax revenue in the Union Budget for 2021-22 was projected to grow by 17% to Rs 22.17 lakh crore as against the revised estimate of Rs 19 lakh crore. Union Budget was presented on 1scheduled tribe February, 2021 when 1scheduled tribe The COVID wave in India had subsided but the world was facing continuous […]
Tax revenue in 2021-22 exceeds Union Budget Estimates by ₹5 lakh crore
[ad_1] Tax revenue in the Union Budget for 2021-22 was projected to grow by 17% to Rs 22.17 lakh crore as against the revised estimate of Rs 19 lakh crore. Union Budget was presented on 1scheduled tribe February, 2021 when 1scheduled tribe The COVID wave in India had subsided but the world was facing continuous […]
Budget 2020 has introduced a new section 115BAC income tax law Along with Automated Income Tax Preparation Software All in One in Excel for the F.Y.2021-22
Budget 2020 has introduced a new section 115BAC income tax law, where an individual has the option to choose between the old tax rate and the new tax-deductible rate regardless of the prescribed deduction or deduction. Therefore, To address such questions, the Central Board of Direct Taxes (CBDT) has issued a clarification through Circular No. C1 of 2020 stating that an […]