Income Tax Circulars

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  News

  15 Apr 24

  Delhi HC Sets 5% IGST Rate on the Import of Dialysis Machines

  GST | Companies Starts Shifting Towards Appellate Authority After Receiving Tax Notices

  CBDT Embarks a Strong Drive for Targeting 1.52 Crore Non-ITR Filers

  14 Apr 24

  Allahabad HC Imposes Penalty on Tax Evasion U/S 54(1)(2) of the UPVAT

  Madras HC: Petitioner Receives Opportunity Due to GSTR-1 Turnover Reporting Error

  SC Grants Relief to GST Officials By Removing Gujarat HC’s Critical Comments

  13 Apr 24

  Orrisa HC: GST Officer Can Open Web Portal for e-Filing If Assessee Fulfilled All Dues

  Bombay High Court Deletes Order Against Wife When the Alleged Investment Was Done by Her Husband

  Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects

  09 Apr 24

  ITC Fraud: DGGI Recovers More Than 12% of the GST Dues in FY 2023-24

  Jharkhand HC Permits Revocation Application of Cancelled GSTIN After Expiration of Time Limit

  State and Center Officials Will Drive GST Audit to Stop Dual Investigations

  Income Tax Department Clarifies: No Special Drive To Reopen HRA Mismatch Cases

  08 Apr 24

  Non-issuance of Notices in Case of Voluntary Compliance under Sections 73 and 74 of the KSGST Act, 2017

  New Forms Released for Aircraft and Ship Leasing Businesses, Including Dividend Exemption

  GSTN Adds New Feature to Table 12 for Detailed Outward Supplies Summary by HSN Codes

  RBI Keeps Repo Rate Unchanged At 6.5%

  07 Apr 24

  Andhra Pradesh AAR: 18% GST Exempt on Brokerage Charges on Agriculture Products

  GST Authority Imposes a Penalty of INR 605 Cr on Hero Motocorp

  06 Apr 24

  Late ITR Filing Delays TDS Refund: Madras HC Instructs to Submit Application U/S 119(2)

  Madras High Court: Deemed Reconciling the Differences in GSTR 3B and GSTR 2A/2B for ITC claim

  CBIC Chief: Indirect Tax Collection for the FY 2023-24 Beats Revised Estimates by a Good Margin

  05 Apr 24

  CBDT Enables Functionalities to File ITRs for AY 2024-25 w.e.f 1st April 2024

  Bombay HC Overturns ?3,731 Crore GST Demand via SCN Against Employees

  Biometric-Based Registration Helps to Reduce Fake GST Registration in Gujarat

  01 Apr 24

  Illegal PAN for Bogus HRA Claims: Income Tax Dept to Take Action against Employees

  ITR-1, ITR-2 and ITR-4 Now Offer Online Filing with Prefilled Data on Income Tax Portal

  31 Mar 24

  ITR-1, ITR-2 and ITR-4 Now Offer Online Filing with Prefilled Data on Income Tax Portal

  CBIC Issues Guidelines For Officials To Prevent Taxpayer Harassment

  Finance Ministry Clarifies on Misleading Information Related to New Tax Regime Spread on Social Media Platforms

  30 Mar 24

  ICAI invites Comments/Suggestions Consultation Paper on Draft IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations 2024

  Madras HC: Women’s Hostels Are Exempted from GST as They Are Not Being Used for Commercial Purposes

  Delhi ITAT: Buy Residential House Within 3 Years from Old House Transfer, Condition for Tax Benefits U/S 54

  29 Mar 24

  CBIC Approves 6-Page SOP for GST Officials to Stop Taxpayer Harassment

  Applicant Surrendered GST Registration Due to Business Loss, Delhi HC Revises GSTIN Cancellation Order

  Gujarat and WB Secure Top Rank in Fake GST ITC Cases in FY 2023-24

  28 Mar 24

  CBI Initiates Action Against 3 GST Officials Over Alleged Rs 22 Lakh Bribe Demand

  DCB Bank Integrates with GST Portal for Seamless Tax Payments

  CBDT Unveils Revised Form ITR-V for Unverified E-Filed Tax Returns for AY 2024-25

  27 Mar 24

  GST | Madhya Pradesh HC Cancels Vague Order Which is Passed U/S 74

  ITAT: TDS is Not Deductible U/S 195 for Expenses Related to Support Services Paid to a Foreign Company

  ITAT Chennai: IT Section 155(14) Can’t Limit the TDS Credit If Income Shown in Return

  20 Mar 24

  Gross Direct Tax collections for FY 2023-24 register a growth of 18.74%

  CBDT Orders Opening of Income Tax Offices on March 29-31, 2024 for Pending Work Clearance

  Mismatch GSTR 3B & 2A: Madras HC Overturns the Decision of GST ITC Denial Due to Incorrect GSTIN

  19 Mar 24

  Needful Action to Do Regarding GST Before 31st Mar 2024

  Income Tax Department Releases JSON Schema for ITR 1 and ITR 4 for AY 2024-25

  Needful Action to Do Regarding GST Before 31st Mar 2024

  AO Failed to Prove Link B/W Tangible Material & Escaped Income,Delhi ITAT Deletes the Re-assessment Order

  18 Mar 24

  ICAI releases a Handbook on Compliances of GST in Banking Sector

  ICAI announces Revised Applicability of Peer Review Mandate (Phase II & III)

  CBDT Specifies Press Trust of India Limited for Tax Exemption u/s 10(22B) for AYs 2022-2023 to 2023-2024

  All News

• Due Date Reminder

  Jan	Feb	Mar	Apr	May	June
  July	Aug	Sep	Oct	Nov	Dec
  All

  20 Apr 24 Monthly Return by persons outside India providing online information and data base access or retrieval services, for March.
  20 Apr 24 Summary Return cum Payment of Tax for March by Monthly filers. (other than QRMP).
  22 Apr 24 Summary Return of January-March quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.
  24 Apr 24 Summary Return of January-March quarter by Quarterly filers in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh,Chandigarh or Delhi.
  25 Apr 24 Half yearly Details of goods/capital goods sent to & from job worker for October -March for turnover above 5 cr.
  25 Apr 24 Yearly Details of goods/capital goods sent to & from job worker for April-March for turnover upto 5 cr.
  25 Apr 24 Statement of Financial Transactions by Depositories, Registrars & Share Transfer Agents for reporting of information relating to Capital gains on transfer of listed securities or units of Mutual Funds for Oct 23-March 24.
  28 Apr 24 Return for March by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
  30 Apr 24 Yearly Details of Invoice wise Outward supplies & Consolidated inward supplies for FY 23-24 by Composition taxpayer.
  30 Apr 24 Taxpayers with Turnover upto Rs 5 Crores in 2023-24 can opt in or opt out of QRMP Scheme from April-June quarter. Those already availing the scheme not required to reapply.
  30 Apr 24 Payment of TDS Deducted in March (both Salary & non-salary)
  30 Apr 24 Details of Deposit of TDS/TCS of March by book entry by an office of the Government.
  30 Apr 24 Deposit of TDS u/s 194-IA on payment made for purchase of property in March.
  30 Apr 24 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 23-24. (In case of termination of lease during the year, TDS is to be deposited by last day of the next month).
  30 Apr 24 Deposit of TDS on certain payments made by individual/HUF u/s 194M for March.
  30 Apr 24 Deposit of TDS on Virtual Digital Assets u/s 194S for March.
  30 Apr 24 ?Uploading declarations received in Form 15G/15H for Mar quarter.
  30 Apr 24 ?e-filing of declarations containing particulars of Form 60 received during October - March.
  30 Apr 24 Disclosure of dues of more than 45 days to MSME Suppliers by companies from October to March of FY 2023-24.
  30 Apr 24 Opening of Bank Account for Un-spent CSR Account and transfer of unspent CSR amount to that account (For Cos to whom CSR is applicable)
  30 Apr 24 Annual Return of Dormant Company for FY 2023-24.
  30 Apr 24 Half-yearly return by Nidhi Companies for October to March.
  All Due Date

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