CBDT Circular No 6 of 2023 Clarification for Charitable and Religious Trust

By | June 1, 2023

Circular No.6 of2023 F. No.370 I 33/06/2023-TPL Government ofindia Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 24th May, 2023 CLARIFICATION REGARDING PROVISIONS RELATING TO CHARITABLE AND RELIGIOUS TRUSTS 1. Income of any fund or institution or trust or any university or other educational institution or any hospital or other… Read More »

New Changes in GST Eway Bill Portal

By | June 1, 2023

New Changes in GST Eway Bill Portal National Informatics Centre Latest Updates in e-Waybill system – Dated 29.05.2023 E-Waybill System is provisioned with following new features for the Enrolled Transporters, Common Enrolled Taxpayers. 1. De-registration for Transporters: The transporters registered in e-Waybill Portal using Enrolment (based on PAN) and no longer want to continue in… Read More »

Category: GST

CBDT GUIDLINES FOR COMPULSORY SELECTION OF RETURNS FOR SCRUTINY FY 2023-24 

By | May 31, 2023

GUIDELINES FOR COMPULSORY SELECTION OF RETURNS FOR COMPLETE SCRUTINY DURING FINANCIAL YEAR 2023-24  CIRCULAR F.NO.225/66/2023/ITA-II, DATED 24-5-2023 1. Kindly refer to the above. 2. The parameters for compulsory selection of returns for Complete Scrutiny during Financial Year 2023-24 and procedure for compulsory selection in such cases are prescribed as under: s. No. Parameter Procedure for Compulsory Selection 1… Read More »

Income-tax (7th Amendment) Rules 2023 Section 80G : Provisional approval effective date

By | May 31, 2023

Income-tax (7th Amendment) Rules 2023 Section 80G : Provisional approval effective date MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, 30th May, 2023 INCOME-TAX G.S.R. 399(E).— In exercise of the powers conferred by clauses (i), (ii), (iii) and (iv) of the first proviso to sub-section (5) of section 80G and… Read More »

Seller can not ask Mobile number of Customer to Generate Bills : New Advisory

By | May 31, 2023

Seller can not ask Mobile number of Customer to Generate Bills : New Advisoryadvisory on mobile number In order to safeguard consumers privacy, the Ministry of Consumer Affairs has come up with an advisory for retailers. Under the new advisory, shopkeepers can no longer compel customers to provide their personal contact details for generating bill… Read More »

GSTIN Advisory on Filing of Declaration In Annexure V by Goods Transport Agency (GTA) opting to pay tax under forward charge mechanism

By | May 30, 2023

Advisory on Filing of Declaration In Annexure V by Goods Transport Agency (GTA) opting to pay tax under forward charge mechanism 30/05/2023   The GTAs, who commence business or cross registration threshold on or after 1st April, 2023, and wish to opt for payment of tax under forward charge mechanism are required to file their… Read More »

Category: GST

Cash Limit in Income tax

By | May 30, 2023

Cash Limit in Income tax Limit on payments in cash for expenses/ liability (Subject to certain conditions and exceptions) 40A(3) 1) Rs. 10,000 (total payment to a person in a day) 2) Rs. 35,000 (total payment to a person in a day) for payments made for plying, hiring or leasing of goods carriage.   Limit… Read More »

Income-tax (Sixth Amendment) Rules 2023. Notification No. 32/2023

By | May 30, 2023

Income-tax (Sixth Amendment) Rules 2023. Notification No. 32/2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th May, 2023 INCOME-TAX G.S.R. 396(E).—In exercise of powers conferred by sub-section (1) of section 249 read with section 295 of  the Income-tax Act, 1961 (43 of 1961), the Central Board of… Read More »

E-Appeals Scheme 2023 Notified by CBDT I Notification No. 33/2023 Income Tax

By | May 30, 2023

E-Appeals Scheme 2023 Notified by CBDT MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th May, 2023 (INCOME-TAX) S.O. 2352(E).—In exercise of the powers conferred by sub-section (5) of section 246 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely:__… Read More »