N&S Blog

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)
Read more

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)
Read more

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)
Read more

Mandatory Two-Factor Authentication for Taxpayers with AATO above 100cr from 15/07/2023

By Nandhakumar & Sundaran

Effective from 15/07/2023, the National Informatics Centre (NIC) has made 2-factor authentication mandatory for all taxpayers with an Aggregate Annual Turnover (AATO) above 100cr. This measure aims to enhance the security of the e-Way Bill and e-Invoice System. In addition to the conventional userna...
13.06.2023 04:50:27 PM - Comment(s)
Read more

GePP-On

By Nandhakumar & Sundaran

To help businesses to generate e-invoices, NIC has released an application known as ‘GePP-On’. To generate e-invoices using GePP-on application, you need to enter the invoice details in the form designed in the application.

Following are the features of GePP-On:
Browser-desktop based application that ...
07.06.2023 04:28:00 PM - Comment(s)
Read more

Categories

Tags

Subscribe to RSS Feed