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No expectations of extension of MSME 45 days payment criteria

CA Pratibha Goyal February 28 2024 @ 8:01 PM

No expectations of extension of MSME 45 days payment criteria Finance Act 2023 inserted new clause (h) in section 43B of IT Act. The motive ...

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MSME 45 Days payment rule: FinMin looking for possible change

CA Pratibha Goyal February 28 2024 @ 6:08 PM

MSME 45 Days payment rule: FinMin looking for possible change A proposal to modify the new income tax law, which mandates that commercial en...

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Could not make Investment u/s 80C? Do check these expenses for deduction

Reetu February 28 2024 @ 1:09 PM

Could not make Investment u/s 80C? Do check these expenses for deduction In the recent Budget 2024 speech, the Finance Minister left the Sec...

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Income Tax releases User Guide for Submitting Response to Notices under e-Verification Scheme 2021

Reetu February 28 2024 @ 12:52 PM

Income Tax releases User Guide for Submitting Response to Notices under e-Verification Scheme 2021 The Income Tax Department has released a ...

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Be ready for Income Tax Notice if you made these High Value Transactions in Year 2023-24

Reetu February 27 2024 @ 7:17 PM

Be ready for Income Tax Notice if you made these High Value Transactions in Year 2023-24 The misconception that cashless transactions are le...

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Received ITR Mismatch notice? Using CBDTs ‘On-screen functionality’ to reconcile and reply

Reetu February 27 2024 @ 5:43 PM

Received ITR Mismatch notice? Using CBDTs ‘On-screen functionality’ to reconcile and reply The Income Tax Department discovered ...

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IT-Department clarification on bulk ITR and 3rd-party information mismatch intimation received by Taxpayers

CA Pratibha Goyal February 26 2024 @ 8:11 PM

IT-Department clarification on bulk ITR and 3rd-party information mismatch intimation received by Taxpayers There are some ITR Mis-matches b...

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Income Tax Department issues Mass notices for ITR mismatch for FY 2022-23 and FY 2021-22

CA Pratibha Goyal February 26 2024 @ 2:18 PM

Income Tax Department issues Mass notices for ITR mismatch for FY 2022-23 and FY 2021-22 The Income Tax Department issued mass notices/ Inti...

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Industry seeks for Extension of the implementation of Section 43B(h)

Reetu February 24 2024 @ 5:43 PM

Industry seeks for Extension of the implementation of Section 43B(h) In 2023, the government introduced Section 43B(h), which focuses on the...

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Income Tax Demand Waiver of Rs. 1 Lakh: Know More

Reetu February 24 2024 @ 3:42 PM

Income Tax Demand Waiver of Rs. 1 Lakh: Know More The Central Board of Direct Taxes (CBDT) has set a maximum ceiling limit of Rs.1 lakh for ...

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