As the Income Tax Return deadline is approaching as on 31st July 2022, Netizens are expecting an extension for the same. Meanwhile “More than 3 crore ITRs for AY 2022-23 have been filed on e-Filing portal till 25th July, 2022. The due date to file ITR for AY 2022-23 is 31st July, 2022. We urge you to file your ITR at the earliest, if not filed as yet.
The 47th GST council meeting was held as on 28th – 29th June 2022, under the chairmanship of Union Minister for Finance and corporate affairs. The highlights of the discussion were GST rate rationalization, GST rates on betting, gambling, horse racing, online gaming and lottery, IT-related reforms and Trade facilitation.
CBIC has issued Instruction vide No. 03 / 2022 dated 14th June, 2022 with the twin purpose of ensuring uniformity in the procedure by issuing the speaking order in all refund claims and enabling effective monitoring of sanction of refund claims in order to safeguard the interest of revenue of the government. The instruction specifies the direction to the Authorities / Officers to conduct the Post – Audit and Review for refund claims amounting to Rs. 1 Lakh & above.
Finance Act, 2022 introduced the concept of furnishing income tax returns i.e. ‘Updated Return’ for offering additional income to tax subject to payment of additional income tax. For this purpose, section 139(8A) is inserted in the Income Tax Act to provide for furnishing Updated Return of Income in the prescribed form and manner and shall contain prescribed particulars.
In the midst of an Omicron wave, with high incidence, but milder symptoms our Finance Minister Ms. Nirmala Sitharaman presented Budget before Parliament. Union Budget 2022 -23 which is fourth budget presented by the present Finance Minister Ms. Nirmala Sitharaman is progressive, revolutionary, up to the mark budget taking India to accelerated growth trajectory to steer the economy over the Amrit Kaal of the next 25 years.
We, Taxpert Professionals are pleased to share Industry Updates Journal for the month of January, 2022 which covers all the Important Judicial Pronouncement | Notification & Circulars on Direct, Indirect, International Taxation & Corporate Laws including Tax calendar.
We, Taxpert Professionals are pleased to share Industry Updates Journal for the month of January, 2022 which covers all the Important Judicial Pronouncement | Notification & Circulars on Direct, Indirect, International Taxation & Corporate Laws including Tax calendar.
CBDT Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2022-23 along with procedure for compulsory selection in such cases.
In the midst of an Omicron wave, with high incidence, but milder symptoms our Finance Minister Ms. Nirmala Sitharaman presented Budget before Parliament. Union Budget 2022 -23 which is fourth budget presented by the present Finance Minister Ms. Nirmala Sitharaman is progressive, revolutionary, up to the mark budget taking India to accelerated growth trajectory to steer the economy over the Amrit Kaal of the next 25 years.
We, Taxpert Professionals are pleased to share Industry Updates Journal for the month of January, 2022 which covers all the Important Judicial Pronouncement | Notification & Circulars on Direct, Indirect, International Taxation & Corporate Laws including Tax calendar.
Union Budget 22 -23 is a futuristic Budget putting India on a definite visible growth trajectory over the Amrit Kaal of the next 25 years. From Kisan drone to Digital currency, it has something for everyone.