31 May Now income proof mandatory for Rs 10 lakh investments in small savings schemes
The government has now made it mandatory for those investing over Rs 10 lakh in post office schemes to provide proof...
May 2023
29 May CBIC issued Important SOP for Scrutiny of Returns for FY 2019-20 onwards
The Central Board of Indirect Taxes and Customs (CBIC) has released an important Standard Operating Procedure (SOP) for...
29 May Increased limit for tax exemption on leave encashment for non-government salaried employees notified
The tax exemption on leave encashment of non-government salaried employees...
29 May The ReCap- April, 2023
Stay updated with our monthly newsletter The ReCap!...
28 May Understanding GST Implications on Rice, Wheat, Cereals, and Flour
The implementation of the Goods and Services Tax (GST) in India brought significant changes to the taxation...
27 May MSME Ministry declares Aadhaar authentication for informal micro units voluntary
The Ministry of MSME has made the Aadhaar authentication for informal micro units voluntary to encourage ...
27 May More steps needed to weed out fake ITC generators from GST system: CBIC member
More measures are needed to weed out fake input tax credit (ITC) generators from the system for checking tax...
26 May CBIC issued Circular on Foreign Trade Policy 2023
The Central Board of Indirect Taxes and Customs has issued a circular regarding the Foreign Trade Policy 2023 on ...
26 May CBDT notified the persons exempted from the provisions related to ‘Angel Tax’
On May 24, 2023, the CBDT issued Notification No. 29/2023, which specifies the specific group or ...
26 May Important Guidelines and Procedure for Complete Scrutiny of Income Tax Returns during FY 2023-24
The CBDT has released Guidelines under F.No.225/66/2023/ITA-II dated May 24, 2023, outlining the mandatory process...