Extension of Timelines for filing of Form 10B / 10BB and Form ITR-7 for AY 23-24
Extension of Timelines for filing of Form 10B / 10BB and Form ITR-7 for AY 23-24
GSTR Due Date for June 23 & Quarter 1 Extended for the State of Manipur
Due Date for furnishing GSTR Forms for the month of July 2023 and Quarter 1 of Finance Year 2022-23 has been extended till 25th Aug 2023
GSTR Due Date for June 23 & Quarter 1 Extended for the State of Manipur
Due Date for furnishing GSTR Forms for the month of June 2023 and Quarter 1 of Finance Year 2022-23 has been extended till 31st July 2023
Arm’s Length Price of International Transaction or Specified Domestic Transaction
It has been notified that price at which International Transaction or Specified Domestic Transaction has been actually undertaken shall be considered as Arm’s Length Price for Section 92C
Clarifications Regarding Extension of Time Limits for Submission of certain TDS / TCS Statements
Clarifications Regarding Extension of Time Limits for Submission of certain TDS / TCS Statements by Circular No. 9 of 2023
GSTR-3B Date Extended for Notified Districts
GSTR-3B Due Date for May 23 Extended for Specified Districts in Gujarat by Notification No. No. 17/2023 –Central Tax
Relaxation in case of Delay in filing DPT-3
Relaxation in paying Additional Fees in case of Delay in filing DPT-3 for Financial Year ended on 31st March 2023 upto 31st July 2023
Notification on the Cost Inflation Index (CII)
The CBDT has stated that the ‘Cost Inflation Index (CII)’ for Fiscal Year 2023-24 (Assessment Year 2024-25) will be 348, up from 331 released earlier for the previous fiscal year 2022-23
Notification by CBDT with respect to classes of person for the purpose of section 56 of income tax act 1961
Section 56(2) of Income Tax Act, 1961 deals with incomes, shall be chargeable to income-tax under the head “Income from other sources”.
Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employees
The existing limit of tax exemption on leave encashment for non-government salaried employees stands revised from Rs. 3 Lakh to Rs. 25 lakh with effect from April 1, 2023.