News

Change in TAR notified for MSME 45 Days Payment Rule: Is it a hint for Non-deferment?

The government will impose a rule in FY25 mandating payments to MSMEs to be made within 45 days, failing which corporations will be required to pay tax on the amount due.

No Relief in MSME Rule you must have to make Payment within 45 days

Notifications

The CBDT notified amendments to Income Tax Form 3CD, Form 3CEB and Form 65 for FY 2023–24.

CBDT notifies amendment in Income Tax Form 3CD (TAR), 3CEB and 65 for FY 2023-24

CBDThas discovered that in a number of cases, trusts and institutions provided audit reports in Form 10B, although Form 10BB was required for the FY 2023-24.

CBDT allows Trusts/ Institutions to furnish Audit Report in Form 10B/10BB on or before 31st March 2024

CBDT allows Trusts / Institutions to furnish Audit Report in Form 10B/10BB on or before 31st March 2024

CBDT has notified Uttar Pradesh Real Estate Regulatory Authority for Income Tax Exemption under Section 10(46) of the Income Tax Act 1961 via issuing a Notification.

CBDT notifies Uttar Pradesh Real Estate Regulatory Authority for Exemption under Section 10(46) of IT Act

CBDT has notified the Karnataka Urban Water Supply and Drainage Board for Income Tax Exemption under Section 10(46) of Income Tax Act 1961 via issuing a Notification.

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Change in TAR notified for MSME 45 Days Payment Rule: Is it a hint for Non-deferment?

No Relief in MSME Rule you must have to make Payment within 45 days

CBDT notifies amendment in Income Tax Form 3CD (TAR), 3CEB and 65 for FY 2023-24

CBDT allows Trusts / Institutions to furnish Audit Report in Form 10B/10BB on or before 31st March 2024

CBDT notifies Uttar Pradesh Real Estate Regulatory Authority for Exemption under Section 10(46) of IT Act

CBDT notifies Karnataka Urban Water Supply and Drainage Board for Exemption under Section 10(46)