The Central Board of Direct Taxes (CBDT) has further relaxed the electronic filing of Income Tax Forms 15CA and 15CB. As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electro...
The CBIC has notified the waiver of penalty for non-compliance to QR code provisions if compiled by September 30, 2021 for default during the period December 1, 2020 to September 30, 2021 vide Notification No. ...
The Central Board of Direct Taxes (CBDT) issued the guidelines in respect of Section 194Q of the Income Tax Act, 1961 in respect of the buyer to deduct TDS on the purchase of goods from the resident seller vide Circular ...
The Government has granted further extension of timelines of compliances under Income Tax Act. It has also announced tax exemption for expenditure on COVID-19 treatment and ex-gratia received on death due to COVID-19. Th...
The Central Board of Direct Taxes (CBDT) issued the Circular No. 11/2021 and Order u/s138(1)(a)(i) dated 21/06/2021 regarding the use of functionality under Section 206AB and 206CCA of the Income-tax Act, 1961....
The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of Notification 14/2020 dated 21s...
The figures of Direct Tax collections for the Financial Year 2021-22, as on 15.06.2021 show that net collections are at Rs.1,85,871 crore compared to Rs. 92,762 crore over the corresponding period of the preceding y...
Senior officials of the Ministry of Finance, Government of India, will hold an interactive meeting on the 22nd of June, 2021, between 11:00 AM to 01:00 PM with Infosys (the vendor and its team) on issues/glitches in...
The Central Board of Direct Taxes (CBDT) has relaxed the electronic filing of Income Tax Forms 15CA and 15CB. As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically....
The 43rd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing on 28/05/2021. The GST Council has made the following important...
