CBDT issues Clarification on Media Reports on Special Drive to Reopen Cases Regarding HRA Claims
The recent data analysis by the CBDT primarily targeted high-value cases with discrepancies in rent payments for the fiscal year 2020-21…...
Understanding and Protecting Against Misuse of PAN in House Rent Allowance (HRA) Claims
The Income Tax department has uncovered a significant number of cases where discrepancies exist between the rent received and the House Rent Allowance (HRA) claimed by taxpayers. As a result, numerous individuals have been issued notices through......
GSTN issues Advisory on Auto-population of HSN-wise summary from e-Invoices into Table 12 of GSTR-1
The Goods and Services Tax Network (GSTN) has rolled out a new functionality that streamlines GSN Summary in GSTR-1 reporting for businesses. Read the Advisory Here…...
Relief for TDS/TCS Deductors – CBDT Circular No. 6/2024
CBDT issued Circular No. 6 on 23rd April, 2024, to address the grievances faced by deductors/collectors who collected TDS/TCS at the normal rate but were required to deduct/collect at double the rate due to the PAN of the deductee being inoperative because of non-linkage with Aadhar. The circular st...
Important Amendments to Charitable Trusts Regulations from April 1, 2024
Effective from April 1, 2024, significant changes have been made to the regulatory landscape for Charitable Trusts, specifically in Section 11 of the Income Tax Act, 1961. These amendments entail crucial alterations in deduction policies, corpus donations, and audit report submissions. Trustees of C...
Companies Act / FEMA / FSSAI Compliance Calendar May 2024
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Labour Laws Due Date Compliance Calendar May 2024
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Income Tax Due Date Compliance Calendar May 2024
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GST Due Date Compliance Calendar May 2024
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