N&S Blog

GSTN Advisory on DRC-01B Compliance: Explaining GSTR-1 & 3B Differences

The Goods and Services Tax Network (GSTN) has recently issued an advisory on June 29, 2023, regarding online compliance pertaining to liability or difference appearing in returns. This advisory introduces a new functionality on the GST portal, allowing taxpayers to explain differences between their ...

30.06.2023 10:00:00 AM - Comment(s)

TDS/TCS Filing Deadline Extended to 30th Sept for First Quarter of FY 2023-24

By Nandhakumar & Sundaran

The CBDT has extended the due date for filing TDS/TCS statements in Forms 26Q, 27Q and 27EQ for the first quarter of the financial year 2023-24. Originally scheduled to be filed by July 15 or July 31, 2023, taxpayers now have until September 30, 2023, to submit these statements. This extension speci...

29.06.2023 11:00:00 AM - Comment(s)

CBDT amends rules pertaining to registration, approval & activities of Institutions, trusts & funds

By Nandhakumar & Sundaran

The amendments brought about by Notification No. 45/2023 – Income-Tax (Income-tax (Eleventh Amendment) Rules, 2023) encompass multiple provisions and rules within the Income-tax Act, 1961. The notification details changes to rule 2C, rule 11AA and rule 17A o...

26.06.2023 12:15:04 PM - Comment(s)

CBDT Notifies New Form 10IEA for Opting & withdrawing from New Tax regime for FY 23-24

By Nandhakumar & Sundaran

CBDT issued Notification No. 43/2023-Income Tax dated 21st June 2023 and notified New Form 10IEA for Opting & withdrawing from New Tax regime for FY 23-24. This notification introduces new rules to amend the Income-tax Rules, 1962. Here are the key provisions:

Rule 2BB: An employee who has exerci...

23.06.2023 09:50:10 AM - Comment(s)

MCA General Circular 6/2023 dated 21/06/2023: Deadline for Filing Form DPT-3 (FY 2022-23) Extended up to 31/07/2023

By Nandhakumar & Sundaran

The Ministry of Corporate Affairs (MCA) has recently announced an extension of the due date for filing the return of deposits for the Financial Year ended on March 31, 2023 (FY 2022-23). In accordance with General Circular 6/2023 dated June 21, 2023, the MCA has granted an additional one-month perio...

22.06.2023 12:04:21 PM - Comment(s)

N&S Blog

GSTN Advisory on DRC-01B Compliance: Explaining GSTR-1 & 3B Differences

TDS/TCS Filing Deadline Extended to 30th Sept for First Quarter of FY 2023-24

CBDT amends rules pertaining to registration, approval & activities of Institutions, trusts & funds

CBDT Notifies New Form 10IEA for Opting & withdrawing from New Tax regime for FY 23-24

MCA General Circular 6/2023 dated 21/06/2023: Deadline for Filing Form DPT-3 (FY 2022-23) Extended up to 31/07/2023

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