Finance Ministry is going to come out with a detailed clarification regarding TCS (Tax Collected at Sources) on Liberalised Remittance Scheme (LRS), a senior Government official said on Friday. TCS is a mechanism to track expenditure from taxation point of view. It is paid by buyers …
The Institute of Chartered Accountants of India has released the ICAI CA Foundation admit card 2023 for June exams today, June 9. Students who successfully registered and will appear for the CA foundation exam can now download their admit cards from the official website at icai.org …
Dear Valued Taxpayer, The E-Invoice Verifier App developed by GSTN, has been introduced which offers a convenient solution for verifying e-Invoices and other related details. GSTN understands the importance of efficient and accurate e-invoice verification, and this app aims to simplify the process for your convenience. …
The Central Board of Direct Taxes (CBDT) has enabled the filing of Form 10A for regular registration/approval for Assessment Year (AY) 2022-23. The due date for filing this form is September 30, 2023. Form 10A is used by trusts, non-profit organizations (NPOs), and other Section 8 …
A farmer from Uttar Pradesh’s Phaloda village received about 23 notices over the past year from the Income Tax Department, asking him to pay outstanding taxes of Rs 1.6 crore. The farmer, Upadesh Tyagi, was shocked to receive the notices as he is a small farmer …
Two Customs officers and a police constable were arrested on Thursday for allegedly duping a businessman of ₹80 lakh on the pretext of settling his GST evasion case. The accused have been identified as Lalit Basare, a Customs superintendent; Neelkamal Singh, a Customs assistant commissioner; and …
The Income Tax Department has revised the exceptions to the monetary limits for filing appeals deferred under the provisions of Section 158AB of the Income Tax Act, 1961. Official copy of the circular has been mentioned below: Circular No.8/2023 No. 279IMisc.IM-93/2018-ITJ(Pt.) Government of India Ministry of …
Income tax department started sending scrutiny notices many cases related to refund claims: The Income Tax Department has started sending scrutiny notices to taxpayers for the financial year 2021-22. Around 1000 notices have been sent to the taxpayers through the faceless system. Most of the notices …
