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The Finance Act 2023 inserted Section 43b(h). Any disallowance u/s 43B(h) is required to be reported in Clause 22(ii) of Form 3CD.

Suggestive Reporting in Tax Audit Form for Disallowance under Section 43b(h)

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PC Jeweller Ltd, a jewellery vendor, announced on Tuesday (September 10) that it has received an income tax refund of Rs.67.54 crore.

PC Jeweller receives IT Refund of Rs.67.54 crore from Tax Department

An audit trail is a chronological record of activities, events, or transactions that can be used to determine the origin of financial data, accounting records, or other information.

Suggested Reporting on Audit Trail for Different Scenarios

The GST department's four officials were held in Bengaluru for allegedly assaulting and extorting Rs 1.5 crore cash from a Bengaluru Businessman.

4 GST Officials held for Extortion of Rs.1.5 Crore from Businessman of Bengaluru

The Income Tax Department has been sending notices to former employees of edtech startup Byju over unpaid TDS matters.

Tax Department sends Notices to the Employees of Byjus for wrongful claim of TDS

Tax Department sends Notices to Employees of Byjus for wrongful claim of TDS

The GST Department has issued a reminder for the taxpayers who are facing issues while filing GSTR-1 and IFF.

Update Your Bank Account to resolve GSTR-1 and IFF Issues

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