judicial, and administrative matters. The alerts provide a brief summary of specific multistate developments relevant to taxpayers, tax professionals, and other
A day before, the Indian Finance Minister ("FM"), Nirmala Sitharaman, presented the Union Budget ("Budget") of India for the financial year ("FY") 2022-23.
-Modification of SION E-125 for export of Shea Stearine. October 28, 2024 Income Tax -Extension of due date for furnishing return of income for the Assessment Year 2024-25 October 26, 2024 SEBI -Periodic reporting format for Research Analysts and Proxy Advisers ...
The due date for the filing of various audit reports for the AY 2024-25 is now extended to 7th October 2024. Read Circular The Income Tax Department has scheduled a special drive in the first week of October to address taxpayers’ grievances in Jammu & Kashmir. The Notification No. 105/...
The CBDT has extended the due date of filing ITR for the auditable entities for the A.Y. 2022-23 to 7th November, 2022 to give effect to consequential extension in the due date of filing audit report till 7th October, 2022. Time limit for e-verification of ITR reduced to 30 days from...
Extension of tax returns filing deadline for AY 2022–23 till 31st Aug 2022 RJA 08 Aug, 2022 Extension of the Due date of filing ITR for AY 2022–23 till 31st August 2022 A Representation from the Gujarat Federation of Tax Consultants and the Income Tax Bar Association have been submitt...
Proprietorship under presumptive tax scheme:Regardless of the annual turnover, an audit is necessary if a proprietorship falls under any presumptive tax scheme. The rules governing the audit process for a proprietorship are defined under the Income Tax Act of 1961. According to the Act, the audit...
Land, buildings, and assets falling under categories 3 and 4 must be retained for at least 10 years after the revaluation date. Additional final income tax at a rate of 10% is imposed on the original revaluation gains if the revalued assets are sold or transferred before the end of this ...
Section 44AB of the income-tax Act, 1961, which provides for tax audit of certain taxpayers, has been amended in the recent past in order to relax the compliance burden on small taxpayers. However, while these amendments are well-i...
Tax, Accounting, and Audit in China 2022/23 offers a comprehensive overview of the major taxes foreign investors are likely to encounter when establishing or operating a business in China, as well as other tax-relevant obligations. This is a concise, detailed, and pragmatic guide, ideal for CF...