CBDT Circular 20/2023: Guidelines on TDS Deduction by E-Commerce Operators Under Section 194-O of Income Tax

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CBDT Circular No. 20/2023 Dated. 28 December 2023: Comprehensive Guidelines on Deduction of Tax (TDS) by e-Commerce Operators (ECOs) from Sale of Goods or Services Using their Digital Platform In a recent update, the Central Board of Direct Taxes, through …

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CBDT Notification 104/2023: Amendment in Rule 10TA & 10TD Pertaining to Safe Harbour Rules for International Transactions

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CBDT Notifies Amendment in Safe Harbour Rules for International Transactions – Notification No. 104/2023 Dated 19th December 2023 The Central Board of Direct Taxes (CBDT) vide its Notification No.104/2023 Dated. 19th December 2023 has notified some amendment in Rule 10TA …

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Instruction to GST Officers to Apply a Nuanced Approach in Secondment of Employee Cases: CBIC Instruction No. 5/2023

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CBIC Instruction 5/2023 (GST) Benefiting MNCs: Evaluate Secondment Cases Carefully. Supreme Court Ruling In Northern Operating Systems Case Does Not Apply Mechanically. Apply Section 74(1) only When there is Material Evidence of Fraud, Wilful Misstatement, or Suppression of Fact by …

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CBDT Directs to Expedite Processing ITRs of AY 2018-19 to 2020-21 with Refund Claims for Sending Intimation by 31 January 2024

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CBDT Notification F.No.225/132/2023/ITA-II: Time Limit for Processing of Valid ITRs of AY 2018-19, 2019-20 & 2020-21 extended to 31.01.2024 The Central Board of Direct Taxes (CBDT) has issued direction to Income Tax Authorities vide its  Notification No. F. No.225/132/2023/ITA-II dated …

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GST Advisory 616: Biometric Based Aadhar Authentication and Document Verification for a Streamlined GST Registration

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Piloting of Biometric Based Aadhar Authentication and Document Verification for GST Registration – GSTN Advisory No. 616 dated. 1 December 2023 In a recent update, the Goods and Service Tax Network (GSTN) has rolled out Advisory No. 616, dated December …

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GST Instruction 4/2023: CBIC Directive for Electronic Uploading of Summary Notices (DRC-01) and Summary Orders (DRC-07) on Portal by Proper Officers

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GST Instruction 4/2023 Dated. 23 November 2023 for Electronic Uploading of DRC-01 & DRC-07 GST Instruction 4/2023: It has been brought to the notice of the Central Board of Indirect Taxes and Customs (CBIC) that some of the field formations …

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New ‘Discard ITR’ Option Introduced by Income Tax Department from AY 2023-24: Simplified ITR Process

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New Functionality ‘Discard ITR’ in the Income Tax Portal – Effective from AY 2023-24 In a significant development, the Income Tax Department has rolled out a pivotal feature ‘Discard ITR’ on its website, empowering taxpayers to discard previously filed but …

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CBDT Notification 99/2023: Central Government Specifies Dy DG (Tech Development Dvn) UIDAI for Disclosure of Information Respecting Assessees

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Central Government Specifies Dy Director General (Tech Development Dvn) UIDAI as Authority for Disclosure of Information Respecting Assessees: CBDT Notification No. 99/2023 Dated. 20 November 2023 The Central Board of Direct Taxes (CBDT) vide its Notification No. 99/2023 Dated. 20 …

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Corrigendum to Notification 4/2021: Changes in SFT Reporting of Mutual Fund Transactions

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Format, Procedure and Guidelines for submission of Statement of Financial Transaction (SFT) for Mutual Fund Transactions by Registrar & Share Transfer Agent: Corrigendum to Notification No. 4/2021 Corrigendum to Notification 4/2021: The format, procedure and guidelines for submission for SFT …

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Corrigendum to Notification No. 3 of 2021: Changes in SFT Reporting for Depository Transactions

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Corrigendum to Notification No. 3/2021: Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions Corrigendum to Notification 3/2021: The format, procedure, and guidelines for submission of information relating to capital gains on transfer of …

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