CBDT amends rules to incorporate new tax regime and notifies new Form 10IEA:

All about Section 115BAC & Form No. 10BEA as per CBDT notification No. 43 Dt. 21.6.23.

ED attached the properties and bank balance of a CA & Statutory auditor of Shakti Bhog Foods Ltd

Rule 21AGA inserted in the Income Tax Rules to provide for exercising of option under section 115BAC (1A)(6) of the Income Tax Act-1961, Form No. 10IEA  prescribed

Notice U/S 143(2) is a precondition for income tax assessments in limited scrutiny cases: Madras HC

Interest subsidy received under technology upgradation fund is a capital receipt: ITAT Mumbai

Absence of Formal Loan Agreement or Repayment Schedule Does Not Justify Treating Unsecured Loan as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT

Capital Gain Tax on Sale of Inherited property

Business profits of a foreign company cannot be taxed unless there exists a PE.

Transfer of lease hold rights – Whether section 50C of IT Act is applicable?

GST E-Invoice Verifier App by GSTN

High percentage of GST registrations are getting rejected: RTI report

“Corporate Compliance Calendar for the m/o June, 2023”.

Post of joint commissioner (Appeal) & Additional commissioner (Appeal) created in Income Tax Department

Generation and quoting of Document Reference Number on search and inspection documents/ communication issued by the officers of the Karnataka GST Dept

INCOME PROOF NOW MADE MANDATORY FOR Rs 10 LAKH INVESTMENTS IN POST OFFICE SAVINGS SCHEMES.

MCA notification – Form CSR 2 shall be filed separately for FY 22-23 after filling AOC 4 XBRL

Making of a claim which is not sustainable in law by itself will not amount to furnishing of inaccurate particulars of income