Notifications

CBDT has notified District Mineral Foundation Trust for Income Tax Exemption under section 10(46) of IT Act via issuing Notification.

CBDT notifies District Mineral Foundation Trust for Income Tax Exemption under section 10(46) of IT Act

News

The Income Tax Department has issued Utility of Form 10B on August 24, 2023. This service is used to file audit reports for charitable or religious trusts or institutions registered under Section 12A of the Income Tax Act of 1961.

Income Tax Department released Form 10B Utility

The Central Board of Direct Taxes(CBDT) has issued Instruction on Implementation of Judgment of Hon'ble Supreme Court in case of Central-3 vs. Abhisar Buildwell pvt. ltd..

CBDT issued Instruction on Implementation of Judgment of Hon'ble Supreme Court

The Government of India is launching an ‘Invoice incentive Scheme’ by the name ‘Mera Bill Mera Adhikaar’ to encourage culture of customers asking for invoices/bills for all purchases.

Launch of Invoice Incentive Scheme “Mera Bill Mera Adhikaar” from 1st September, 2023

Articles

The Patna HC that ITC is a luxury or concession and buyer's ability to claim ITC is dependent not only on amount collected by seller via invoice raised, but also on the seller's prompt return of this sum to government.

ITC cannot be claimed until tax will be deposited to government from seller end: HC

CBIC has extended GST Amnesty Scheme for GSTR 4, GSTR-9, and GSTR-10 non-filers. The form submission deadline of June 30, 2023 has been extended to Aug 31, 2023, according to the notification.

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CBDT notifies District Mineral Foundation Trust for Income Tax Exemption under section 10(46) of IT Act

Income Tax Department released Form 10B Utility

CBDT issued Instruction on Implementation of Judgment of Hon'ble Supreme Court

Launch of Invoice Incentive Scheme “Mera Bill Mera Adhikaar” from 1st September, 2023

ITC cannot be claimed until tax will be deposited to government from seller end: HC

GST Amnesty Scheme: Few days left to avail Benefits; Deadline Extended