N&S Blog

Some of new income tax rules w.e.f 1st April 2023 for taxpayers

By Nandhakumar & Sundaran

  • New income tax regime to be default regime
  • Tax rebate limit raised to Rs 7 lakh
  • Standard deduction of Rs 50000 provided to employees under old tax regime extended to new tax regime
  • Changes in Income Tax slabs
     The new tax rates are
     0-3 lakh - nil
     ...
30.03.2023 05:15:09 PM - Comment(s)
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Non-resident taxpayers without PAN can file Form 10F manually till 30th September

By Nandhakumar & Sundaran

The income Tax Department has provided a partial relaxation provided to Non-residents not having PAN and not required to have it under the provisions of the Income-tax Act, 1961 to file Form 10F manually till 31st March 2023. The same has been further extended till 30th September 2023.

Reference is i...
30.03.2023 04:59:51 PM - Comment(s)
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Last date for linking of PAN-Aadhaar extended to 30th June 2023

By Nandhakumar & Sundaran

In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions. Notification to this effect is being issued sep...
29.03.2023 05:00:00 PM - Comment(s)
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Roll out of AIS for Taxpayer Mobile App

By Nandhakumar & Sundaran

22 MAR 2023 6:37PM by PIB Delhi

The Income Tax Department has launched a Mobile app, namely, ‘AIS for Taxpayer’ to facilitate taxpayers to view their information as available in the Annual Information Statement (AIS) / Taxpayer Information Summary (TIS). ‘AIS for Taxpayer’ is a mo...

23.03.2023 10:00:00 AM - Comment(s)
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No Restrictions on GST Registration for Professionals Operating from Residential Premises (including Chartered Accountants)

By Nandhakumar & Sundaran

On March 14, 2023, in the Rajya Sabha, Pankaj Chaudhary, the Minister of State for Finance, made it clear that there are no restrictions on professionals obtaining GST registration if they are operating from residential premises. This clarification was in response to questions regarding:

Are Professi...
16.03.2023 09:15:00 AM - Comment(s)
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