Instruction No. 01 of 2023 by Directorate of Income Tax (Systems), exploring implications for income tax payers and their response to intimation u/s 245(1) of Income Tax Act, 1961.
LODR Regulations take precedence over suggestions by the Institute of Company Secretaries of India (ICSI) and other authorities regarding related party transactions (RPTs).
Explore the world of Exempt Supply under GST with our comprehensive article. Learn about the broad definition, types, and implications of exempt supplies, including NIL rated supplies, those exempted from GST, and non-taxable supplies. Discover the interplay between Sections 23 and 24 of the CGST Act, 2017, determining registration requirements for individuals exclusively engaged in exempt supplies.
National Financial Reporting Authority Imposes Penalties and Sanctions on M/s. Sundaresha & Associates and its Auditors for Professional Misconduct
These instructions have been issued to prevent fake GST registrations and weed out existing fake registered taxpayers. Although these instructions are issued by the State Tax Department of Odisha, they can be applicable to both authorities and stakeholders.
Avoid tax hassles! Learn key red flags in filing your Income Tax Return for FY 2022-23. Guide covers common mistakes, from ITR form selection to verification, helping you steer clear of tax notices.
Ministry of Corporate Affairs (MCA) in India has issued an adjudication order imposing penalties on auditors for their failure to comply with the provisions of Section 143 of the Companies Act, 2013. The penalties are imposed on the auditors of Strong Infracon Private Limited for non-disclosure of various key financial information in the company’s audit reports.
There is no financial loss to EPF (Employee Provident Fund) members due to the delay in updating interest in the member passbook. The process of updating the member passbook with interest is essentially an entry process. The date on which the interest is entered in the passbook does not have any actual financial impact.
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.
Understand the nuances of Input Service Distribution (ISD) vs Cross Charge in GST. Learn about the tax implications, controversies, and recent developments. Stay informed for effective compliance.
