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🚨 Important Update for Companies! 🚨
The Ministry of Corporate Affairs (MCA) has amended Rule 12(1B) of the Companies (Accounts) Rules, 2014. Here’s what you need to know: 📌 Deadline Extended: The filing deadline for Form CSR-2 for the Financial Year 2023-2024 has been extended from 31st December 2024 to...
🚨 Important Update on SEZ Rules! 🚨
📜 The Ministry of Commerce & Industry has announced an amendment to sub-rule (3) of Rule 43A under the SEZ Rules, 2006. ✨ What’s Changed?✅ The validity of permission for employees of IT/ITES units and other specified categories to work from outside SEZs has been...
Income Tax – (Circular No. 20/2024) Extension Of Due Date For Determining Amount Payable As Per Column (3) Of Table Specified In Section 90 Of Direct Tax Vivad Se Vishwas Scheme, 2024, Dated 30.12.2024.
The Central Board of Direct Taxes (CBDT), in the exercise of its powers under sub-section (2) of section 97 of the Direct Tax Vivad Se Vishwas Scheme, 2024 ('the Scheme'), extends the due date for determining the amount payable...
Income Tax – (Circular No. 19/2024) Guidance Note 2/2024 on Provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 – REG., Dated 16.12.2024.
1. The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred to as 'DTVSV Scheme, 2024' or 'Scheme') has been enacted vide Chapter IV of Finance (No. 2) Act, 2024 to provide for dispute resolution in respect of pending income tax litigation. The objective of...
📢 Important Update for Taxpayers!
On October 26, 2024, the Central Board of Direct Taxes (CBDT) 📄 announced an extension for filing the Return of Income for Assessment Year (AY) 2024-25. This much-needed extension is designed to provide relief 🧘♂️ and ensure compliance with income tax regulations. 📅✅...
Income Tax – (Circular No. 12/2024) Guidance note 1/2024 on Provisions of the Direct Tax VIvad se Vishwas (DTVSV) Scheme, 2024
The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred to as DTVSV Scheme, 2024) has been enacted vide Chapter IV of Finance (No. 2) Act, 2024 to provide for dispute resolution in respect of pending income tax litigation. The objective of the Scheme is to,...
COMPANY LAW – (General Circular No. 03/2024)
The Ministry of Corporate Affairs has notified Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 vide G.S.R. No. 832(E) dated 09.11.2023 and has prescribed E-form LLP BEN-2 to file a Return to the Registrar in respect of declaration under...
INCOME TAX – (Circular No. 06/2024)
INCOME TAX - (Circular No. 06/2024) PARTIAL MODIFICATION OF CIRCULAR NO. 3 OF 2023 DATED 28.03.2023 REGARDING CONSEQUENCES OF PAN BECOMING INOPERATIVE AS PER RULE 114AAA OF THE INCOME-TAX RULES, 1962, dated 23.04.2024. Circular No. 3 of 2023 dated 28.03.2023...
Income Tax – (Circular no. 7/2024)
INCOME TAX – (Circular No. 7/2024) EXTENSION OF DUE DATE FOR FILING OF FORM NO. 10A/10AB UNDER THE INCOME-TAX ACT, 1961, dated 25.04.2024.
6 Years of GST: Centre’s Big Focus on Anti Evasion Measures; Industry Flags Unfinished Agenda
6 years into GST and the focus has shifted and how. The pendulum has swung from compensation issues and big rate rationalisations to curbing tax evasion & fake in voicing while industry clamours for clarity on basics.
