NIC introduced new features in e-Waybill system, including option for transporters to de-register themselves and cancel common enrollment. Additionally, a two-factor authentication (2FA) system has been implemented to enhance login security
The Income Tax Department has issued a notice informing all Statement of Financial Transaction (SFT) filers about the challenges faced during the filing process due to heavy traffic on the reporting portal. To ensure a smooth experience for all filers, the department has extended the filing period for SFT returns. Additionally, a dedicated helpdesk has […]
DGFT introduced online facility for exporters to request appointments for virtual meetings or personal hearings. This initiative aims to provide proactive support and assistance to exporters and enhance trade facilitation. Exporters can apply for the virtual meeting facility through the DGFT website, and the concerned officers at DGFT Regional Authorities will provide suitable timings and […]
In Hira Lal Kadlabju vs. ACIT, ITAT Amritsar remits the case back to the assessing officer as the ownership of seized cash remains undecided pending High Court determination.
CBDT issued Notification No. 33/2023-Income Tax on May 29, 2023. This notification introduces the e-Appeals Scheme, 2023 under the provisions of the Income-tax Act, 1961. The key points of the scheme are as follows: 1. The scheme is called the e-Appeals Scheme, 2023 and it comes into force from the date of its publication in […]
Companies Act, 2013 introduced provisions for a Fast Track Merger (FTM) under Section 233, which offers a streamlined and time-efficient process for specific classes of companies. This article explores the key aspects of FTM, including the eligible classes of companies, the timeline, and the procedural requirements.
The Government of Manipur has issued Notifications No. 11/2023 – Central Tax, 12/2023 – Central Tax and 13/2023 – Central Tax, all dated 24th May 2023, announcing the extension of the due date for filing Goods and Services Tax (GST) returns for the tax period of April 2023. This extension applies to taxpayers who have their principal place […]
This article aims to provide a comprehensive overview of the Excel utility of ITR-3, its features, and how taxpayers can use it to file their returns for the Financial Year 2022-23.
ICAI requests Members to remit Annual Membership/Certificate of Practice fees for year 2023-2024, which became due for payment on 01.04.2023
The impact of scams has shown that certain volatile values are affected in certain terms on basis and defaults that are done in past runs with the course and progress of settlement.
