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IT department enabled new feature 'Comply to Notice' u/s 133(6) of IT Act 1961

   11 March 2023 at 08:52

The Income Tax Department enabled the new feature 'Comply to Notice' that allows taxpayers to View and Submit Responses to Notices under section 133(6) of the Income Tax Act, 1961 ("the IT Act").

Posted in Income Tax |   77523 Views


IT department issued important update on Form 26AS and AIS

   11 March 2023 at 08:50

The Income Tax Department has issued an update on Form 26AS and Annual information statement ("AIS") stating that from Assessment Year ("AY") 2023-24 onwards, Form 26AS display only TDS/TCS data.

Posted in Income Tax |   14769 Views


National Pension System (NPS) subscription witnesses 22.88% growth YoY in FY 23

   11 March 2023 at 08:49

624.81 lakh National Pension System (NPS) subscribers, with Y-o-Y growth of 22.88%

Posted in Others |   2187 Views


Centre releases Rs 1.40 lakh crore tax devolution amount to states

   11 March 2023 at 08:48

Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditure

Posted in Income Tax |   2946 Views


Taxpayers to mention 6-digit HSN Codes for outward supplies if AATO exceeds Rs 5 Crores

   10 March 2023 at 08:37

A recent update issued by GST E-Invoice System dated March 09, 2023 stated that the E-Invoice System will not accept 4-digit HSN codes and the date for blocking e-Invoice generation having HSN code as 4-digits will be intimated Soon.

Posted in GST |   12183 Views


E-way bill generation in Feb dropped to a 3-month low of over Rs. 8.18 crore

   09 March 2023 at 08:35

During fiscal year 2021-22, number of e-way bill generated in December was 7.16 crore which dropped to 6.88 crore in January but rose to 6.91 crore in February...

Posted in GST |   4545 Views


ICAI extends last date for online empanelment of members to act as observers for May / June 2023 CA exams upto 15th March

   08 March 2023 at 07:00

It has been decided to extend the Last date of online empanelment of members to act as observers at the examination centres for the Chartered Accountants’ Examinations, May/June 2023, up to 15th March 2023.

Posted in Students |   12279 Views


ICAI | Implementation Guide to SA 580 Written Representations

   08 March 2023 at 06:58

Implementation Guide to SA 580 Written Representations

Posted in Audit |   6561 Views


Shri S.S. Dubey takes charge as CGA

   07 March 2023 at 07:45

Shri S.S. Dubey took charge as the Controller General of Accounts (CGA) here today.  Shri Dubey is the 28th Controller General of Accounts (CGA), Ministry of Finance, Government of India.

Posted in Others |   6180 Views


RBI asks banks, NBFCs to promote digital payments

   07 March 2023 at 07:41

Launched in 2016, UPI has emerged as the most popular and preferred payment mode in India pioneering Person to Person (P2P) as well as Person to Merchant (P2M) transactions in India accounting for 75% of the total digital payments.

Posted in Others |   2772 Views



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