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  • Extension of timeline for filing of various reports of audit for the Assessment Year 2022-23

    • September 30, 2022
    • Posted by: CA Sudha G. Bhushan
    • Category: Finance & accounting
    No Comments
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  • Additional guidelines for removal of difficulties under 194R(2) of The Income Tax Act-1961

    • September 13, 2022
    • Posted by: CA Sudha G. Bhushan
    • Category: Finance & accounting
    No Comments
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  • Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A and Form No. 10 for Assessment Year 2018-19 and subsequent years

    • July 19, 2022
    • Posted by: CA Sudha G. Bhushan
    • Category: Finance & accounting
    No Comments
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  • Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10B for Assessment Year 2018-19 and subsequent years

    • July 19, 2022
    • Posted by: CA Sudha G. Bhushan
    • Category: Finance & accounting
    No Comments
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  • Condonation of delay under 119(2)(b) of The Income Tax Act-1961, in filling of Form No. 10 BB for the AY 2018-19and subsequent years

    • July 19, 2022
    • Posted by: CA Sudha G. Bhushan
    • Category: Finance & accounting
    No Comments
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  • Notification on the definition of virtual digital asset, prescribes list of excluded assets and defines non-fungible tokens

    • June 30, 2022
    • Posted by: CA Sudha G. Bhushan
    • Category: Finance & accounting
    No Comments

    The CBDT on June 30, 2022 vide Notification no. 75-2022 has specified a token which qualifies to be a virtual digital asset as non fungible token.

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  • Notification on the definition of virtual digital asset, prescribes list of excluded assets and defines non-fungible tokens

    • June 30, 2022
    • Posted by: CA Sudha G. Bhushan
    • Category: Finance & accounting
    No Comments

    The CBDT on June 30, 2022 vide Notification no. 74-2022 has notified following virtual digital assets which shall be excluded from the definition of virtual digital asset.

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  • Guidelines to remove difficulties for deduction of tax under Section 194R

    • June 22, 2022
    • Posted by: CA Sudha G. Bhushan
    • Category: Finance & accounting
    No Comments

    Finance Act 2022 inserted a new section 194S in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July 2022.

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  • Guidelines to remove difficulties for deduction of tax at source on transfer of virtual digital asset

    • June 16, 2022
    • Posted by: CA Sudha G. Bhushan
    • Category: Finance & accounting
    No Comments

    Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July 2022. The new section mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax

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  • Circular regarding use of functionality under section 206AB and 206CCA of the Income-Tax Act

    • May 17, 2022
    • Posted by: CA Sudha G. Bhushan
    • Category: Finance & accounting
    No Comments

    The Finance Act, 2021 introduced two new provisions with effect from 1 July 2021 which prescribes tax deduction (Section 206AB) or tax collection (Section 206CCA) at a higher rate

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