CBDT Notifies Monetary Limits for Waiver of interest Payable u/s 220(2)
CBDT has notified the specified monetary limits for the reduction or waiver of interest paid or payable under section 220(2) of the Income Tax Act for different Income Tax …
Category: Updates
CBDT Extends ITR Due Date for AY 2024-25
CBDT has extended the due date for filing of Income Tax Return (ITR) for AY 2024-25, from 31st October 2024 to 15th November 2024, in respect of corporate and …
CBDT Extends Tax Audit Report Due Date for AY 2024-25
CBDT has extended the due date of filing of tax audit report u/s 139(1) of Income Tax Act, 1961 in respect of AY 2024-25 from 30th September 2024 to …
Govt Notifies the Finance Act, 2024
Ministry of Law and Justice, Govt of India has notified the Finance Act, 2024 on 15/02/2024 and the Finance Act (No. 2), 2024 on 16/08/2024, after approval of the …
EPFO Recommends 8.25% PF Interest Rate for FY 2023-24
The Central Board of Trustees (CBT) of EPFO has recommended an increased EPF interest rate of 8.25% for financial year 2023-24, marginally higher than 8.15% for 2022-23.
Key Highlights of the Revamped eBRC System for Exporters: DGFT
The Directorate General of Foreign Trade (DGFT) has launched an upgraded eBRC system in India to facilitate exporter self-certification. This post summarizes its key features.
CBIC Clarifications on Place of Supply for Certain Services: GST Circular 203/15/2023
CBIC GST circular 203/15/2023 for clarifying place of supply rules for transportation, advertising, co-location services. Understand the changes and impact on GST compliance.
Handbook of Procedures at Board for Advance Rulings, India
Explore India's Income-tax Advance Rulings framework with the help of comprehensive guide. Understand legal provisions, procedures, and tax predictability.
CBDT Simplifies Process for Advance Ruling Applications
Discover how the CBDT's recent amendment simplifies advance ruling applications by eliminating the mandatory digital signing requirement.
e-Advance Rulings Scheme, 2023: Incorporation of ‘Majority Rule’
Discover how the incorporation of 'majority rule' by the e-advance rulings (Amendment) Scheme, 2023 ensures fair decisions in cases of differing opinions among the Board Members.