Exposure Drafts of Guidance Notes on Forensic Accounting and Investigation Standards (FAIS)
₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth
Let the current challenging conditions serve as a catalyst for our profession's growth, rather than a deterrent. It is imperative for both the Institute and its members to adapt and innovate in order to navigate the emerging realities successfully.
The Income-tax (7th Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on May 30, 2023. The rules make amendments to the Income-tax Rules, 1962.
E-Way bill System is provisioned with the following new features for the Enrolled Transporters, Common Enrolled Taxpayers
Income Tax Return Form of ITR-2 is enabled to file through Online mode with prefilled data at the portal. T
CBDT has notified the E-Appeals Scheme, 2023 to ease the caseload of the Income-tax Appellate Tribunal (ITAT). The scheme will allow taxpayers to file appeals electronically, which is expected to reduce the time and cost of filing an appeal.
CBDT has amended the Income-tax Rules, 1962 to enable the filing of an appeal before the Joint Commissioner (Appeals) (JCIT(A)). The amendments were made in Rules 45 and 46A, and Form 35.
Ministry of Finance has issued Office Memorandum vide No.F.1/7/2022-PPD dated May 29, 2023 has decided to implement a one-time settlement scheme called "Vivad se Vishwas II (Contractual Disputes)"
Advisory on filing of declaration in Annexure V by GTA opting to pay tax under forward charge mechanism
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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