Monthly Archives: February 2023

New FORM No. 10BB Audit Report under Clause b of Tenth provisio of Section 10(23C) and Section 12A(1)(b)(ii)

By | February 22, 2023

New Form 10BB Audit Report under Clause b of Tenth provisio of Section 10(23C) and Section 12A(1)(b)(ii) Form 10BB Audit Report under Clause b of Tenth provisio of Section 10(23C) and Section 12A(1)(b)(ii) changed from 01.04.2023 by Income-tax Amendment (3rd Amendment) Rules, 2023 Dated 21.02.2023 . Download Notification Click here  ‘FORM No. 10BB [See rule… Read More »

New Form 10B Audit Report under Clause b of Tenth provisio of Section 10(23C) and Section 12A(a)(b)(ii)

By | February 22, 2023

New Form 10B Audit Report under Clause b of Tenth provisio of Section 10(23C) and Section 12A(a)(b)(ii) Form 10B Audit Report under Clause b of Tenth provisio of Section 10(23C) and Section 12A(a)(b)(ii) changed from 01.04.2023 by Income-tax Amendment (3rd Amendment) Rules, 2023 Dated 21.02.2023 . Download Notification Click here  ‘FORM No. 10B [See rule… Read More »

New Rule 16CC Of Income Tax Rules -report of audit prescribed under tenth proviso to section 10(23C).

By | February 22, 2023

New Rule 16CC Of Income Tax Rules -Report of audit prescribed under tenth proviso to section 10(23C). Rule 16CC Of Income Tax Rules -report of audit prescribed under tenth proviso to section 10(23C). etc changed from 01.04.2023 by Income-tax Amendment (3rd Amendment) Rules, 2023 Dated 21.02.2023 . Download Notification Click here  . In the Income-tax… Read More »

New Rule 17B Of Income Tax Rules -Audit report in the case of charitable or religious trusts, etc

By | February 22, 2023

New Rule 17B Of Income Tax Rules -Audit report in the case of charitable or religious trusts, etc Rule 17B Of Income Tax Rules -Audit report in the case of charitable or religious trusts, etc changed from 01.04.2023 by Income-tax Amendment (3rd Amendment) Rules, 2023 Dated 21.02.2023 . Download Notification Click here  In the principal… Read More »

Section 194Q Income Tax : TDS on payment of certain sum for purchase of goods.

By | February 22, 2023

Section 194Q Income Tax Section 194Q Income Tax  is Inserted by the Finance Act, 2021, w.e.f. 1-7-2021. You also needs to refer  Income Tax rules 30, 31, 31A, 37BA and Form Nos. 16A, 24G, 26B, 26Q and 27A. . Also Refer Circular No. 13/2021, dated 20-6-2021 (Guidelines under section 194Q) and Circular No. 20/2021, dated 25-11-2021… Read More »

Check Aadhar card Pan card link status

By | February 22, 2023

Check Aadhar card Pan card link status PAN Card will become inoperative from 31.03.2023  if Aadhar card not linked to PAN To check the status of your Aadhaar card and PAN card link, you can follow these steps: Visit the official website of the Income Tax Department of India: https://www.incometax.gov.in/iec/foportal/ Click on the “Link Aadhaar… Read More »

Income Tax Calculator FY 2023-24 I Old Regime vis-à-vis New Regime

By | February 21, 2023

Income Tax Calculator FY 2023-24 Income Tax Calculator 2023-24 has been released by Income Tax Department after Finance Bill 2023 for FY 2023-24  /AY 2024-25 Tax Calculator is now live! A dedicated tax calculator to check Old Tax Regime vis-à-vis New Tax Regime for Individual/HUF/AOP/BOI/Artificial Juridical Person(AJP) as per Section 115BAC can now be accessed… Read More »

E filing Pan Aadhar link

By | February 21, 2023

E filing pan aadhar link Linking your PAN card and Aadhaar card is a mandatory requirement in India, and it can be easily done through the online e-filing portal of the Income Tax Department. Here are the steps to e-file your PAN-Aadhaar link: Go to the e-filing website of the Income Tax Department – https://www.incometax.gov.in/iec/foportal/ … Read More »

No Disallowance u/s 40A(3) if Cash paid to agent for purchase of old vehicles : ITAT

By | February 21, 2023

No Disallowance u/s 40A(3) if Cash paid to agent for purchase of old vehicles : ITAT IN THE ITAT AHMEDABAD BENCH ‘SMC’ Piprani Equipment (P.) Ltd. v. Income-tax Officer SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER IT APPEAL NO.1313 (AHD.) OF 2019 [ASSESSMENT YEAR 2015-16] DECEMBER  2, 2022 Hardik Vora, AR for the Applicant. Mukesh Thakwani, DR for the Respondent.… Read More »