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Archive: March, 2023

Posts in March, 2023

Notification to give effect to 3rd tranche of India Mauritius CECPA

March 31, 2023 600 Views 0 comment Print

CECPA Notification No. 19/2023-Customs | Dated: 31st March, 2023 to give effect to 3rd tranche of India Mauritius CECPA from 1st day of April, 2023. MINISTRY OF FINANCE (Department of Revenue) Notification No. 19/2023-Customs | Dated: 31st March, 2023 G.S.R.251(E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 […]

Changes in GST Compensation Cess Rate wef 01.04.2023

March 31, 2023 35058 Views 1 comment Print

CBIC further amend notification No. 1/2017-Compensation Cess (Rate), dated 28th June, 2017 vide Notification No. 2/2023-Compensation Cess (Rate) | Dated: 31st March, 2023 to notifies Changes in GST Compensation Cess Rate wef 01.04.2023 MINISTRY OF FINANCE (Department of Revenue) Notification No. 2/2023-Compensation Cess (Rate) | Dated: 31st March, 2023 G.S.R. 253(E).—In exercise of the powers […]

GST Compensation Cess: Section 163 of Finance Act 2023 applicable wef 01.04.2023

March 31, 2023 7071 Views 0 comment Print

Central Government appoints 1st day of April, 2023, as the date on which provisions of section 163 of Finance Act, 2023 shall come into force vide Notification No. 01/2023-Compensation Cess – Dated: 31st March, 2023. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi Notification No. 01/2023-Compensation Cess – Dated: 31st March, 2023 S.O. 1566(E).— In […]

How to Apply for Redressal of Grievances on traces website for deductee’s

March 31, 2023 4374 Views 4 comments Print

Learn how to resolve grievances as a deductor on TRACES website. Follow these steps for resolution, tracking, and online correction. Start now!

Correcting Form 26QB: TDS on Property Sale

March 31, 2023 1002 Views 0 comment Print

Learn how to make online corrections to Form 26QB for TDS on property sale in India. Detailed steps and guidance for hassle-free corrections.

Understanding TDS on Property & Rent: Sections 194-IA & 194-IB

March 31, 2023 1725 Views 0 comment Print

Explore essentials of TDS on property transactions (Section 194-IA) & rental income (Section 194-IB) in India. Learn compliance, thresholds, and more.

Faceless Assessment and Re-assessment

March 31, 2023 795 Views 0 comment Print

Explore Faceless Assessment and Re-assessment, a transformative direct tax reform in India. Learn about its features, processes, and taxpayer responsibilities. Navigate the system efficiently, ensuring transparency, efficiency, and compliance. Understand the steps from receiving notices to filing responses and the options available for appeal or rectification. Embrace a modernized, technology-driven approach for a culture of voluntary tax compliance and accountability in India’s direct tax administration.

Understanding the E-Verification Scheme 2021 in India

March 31, 2023 366 Views 0 comment Print

Explore the E-Verification Scheme 2021 in India, a crucial tool for validating taxpayer data. Understand its objectives, processes, and FAQs for smoother tax compliance. Learn how it enhances transparency, promotes voluntary compliance, and facilitates correction of data, ensuring accurate and efficient tax assessment. Access the Compliance Portal, raise objections, and respond to notices for a seamless experience. Stay informed and compliant with the E-Verification Scheme for a transparent tax regime in India.

Understanding Tax Collection at Source (TCS) in India

March 31, 2023 1074 Views 0 comment Print

Get insights into Tax Collection at Source (TCS) in India, covering what it is, who needs to collect it, rates, exemptions, and more under the Income-tax Act, 1961.

How to apply for TAN

March 31, 2023 8883 Views 0 comment Print

Learn how to apply for a Tax Deduction and Collection Account Number (TAN) in India using both online and paper-based methods. Get step-by-step guidance here.

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