INCOME TAX REFUND नहीं मिलेगा I New Instructions of CBDT I CA Satbir Singh
INCOME TAX REFUND नहीं मिलेगा I New Instructions of CBDT I CA Satbir Singh
Daily Archives: November 16, 2023
Section 245 Income-tax Act 1961 : Set off and withholding of refunds in certain cases
Section 245 Income-tax Act 1961 1[Set off and withholding of refunds in certain cases. 245. 2(1)Where under any of the provisions of this Act, a refund becomes due or is found to be due to any person, the Assessing Officer or Commissioner or Principal Commissioner or Chief Commissioner or Principal Chief Commissioner, as the case… Read More »
CBDT prescribes monetary limit of Rs. 10 lakh or more to withhold refund under Sec. 245(2)
CBDT prescribes monetary limit of Rs. 10 lakh or more to withhold refund under Sec. 245(2) The CBDT issued Instruction No. 02/2023 dated November 10, 2023 regarding the revision of timelines and monetary limits as well as revision of workflow in the matter of recording of reasons before withholding of refunds u/s 245(2) or the Income-tax Act,… Read More »
Eway Bill limit reduced to Rs 50000 in West Bengal w.e.f 01.12.2023 : Notification
GOVERNMENT OF WEST BENGAL DIRECTORATE COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA -700015 NOTIFICATION BY THE COMMISSIONER OF STATE TAX Notification No. 02/2023-C.T./GST Dated: 10.11.2023 In exercise of the powers conferred by sub-rule (14) of rule 138 of the West Bengal Goods and Services Tax Rules, 2017, the Commissioner, in consultation with the Principal Chief Commissioner… Read More »
23 E-Brochures under GST as on November 2023 released by CBIC
The Central Board of Indirect Taxes & Customs (“CBIC”), Department of Revenue, Ministry of Finance has released an updated 23 E-Brochures under GST as on November 2023. Overview of GST GST Benefits Latest Updates in GST Composition Levy Scheme QRMP Scheme Policy Initiatives for MSME Sector Casual Taxable Person Non-Resident Taxable Person (NRTP) e-Invoice Under… Read More »