Circular No. 20/2022 : Extension of due date for furnishing return of income for the Assessment Year 2022-23 October 26, 2022 Read more
CBDT amends Rule 128 of the Income-tax Rules, 1962, providing major relief to taxpayers in the matter of claiming Foreign Tax Credit (FTC). The Statement in Form No. 67 can now be furnished on or before the end of the relevant Asstt Year. Notification No. 100/2022 issued.The pre-amended Rule required the FTC claim to be filed by the due date of furnishing the Income Tax Return. The amendment operates retrospectively so that this benefit is available to all FTC claims filed during the current Financial Year. August 21, 2022 Read more
Notification No. 17/2022–Central TaxFrom 1st October 2022 CBICSeeks to implement e invoicing for the taxpayers having aggregate turnover exceeding Rs 10 crore August 01, 2022 Read more
CBDT Reduces time limit for e- verification of ITR from 120 days to 30 days of filing the return.However, for ITR Filed upto 31/07/22 time limit of 120 days would continue to apply. ITR Filed from 01/08/22 new time limit of 30 days would be applicable. July 31, 2022 Read more
Reduction in Central Excise Duty for Petrol and Diesel to provide relief from prevailing high prices. https://t.co/0tQ3LySWqh May 22, 2022 Read more
The due date of payment of tax for the month of April, 2022 by taxpayers under QRMP scheme in FORM GST PMT-06 has been extended till 27th May, 2022 (refer notification No. 06/2022-Central Tax dated 17.05.2022) (2/2) May 17, 2022 Read more