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Weekly Newsletter GST Law and Other indirect Taxes [May, 2023]

May 11, 2023May 12, 2023 TaxIndiaUpdates In0 comments4911 views

CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers In order to implement this non-intrusive means of compliance verification, CBIC has rolled out the Automated Return Scrutiny Module for GST returns in the ACES-GST backend … Continue Reading →

Income Tax

Capital Gains: Taxation & Exemptions in India

April 10, 2023April 26, 2023 TaxIndiaUpdates In0 comments4283 views

A taxpayer can claim exemption from certain capital gains by re-investing the amount of capital gain into specified asset. The following table highlights the assets in respect of which the benefit of re-investment is available: Section Eligible Assessee Gain eligible for claiming exemption Asset in which the capital gain is to be … Continue Reading →

Newsletter

Weekly Newsletter Income Tax and Other Law [April, 2023]

April 5, 2023April 22, 2023 TaxIndiaUpdates In0 comments4107 views

CBDT Circular No. 04 of 2023-Income Tax (No.370142/06/2023-TPL) Dated 05-04-2023 Clarification regarding deduction of TDS under section 192 read with sub-section (1A) of section 115BAC of the Income-tax Act, 1961 – reg. In order to avoid the genuine hardship in such cases, the Board, in … Continue Reading →

Newsletter

Weekly Newsletter GST Law and Other indirect Taxes [January, 2023]

January 23, 2023January 23, 2023 TaxIndiaUpdates In0 comments4118 views

Goods and Services Tax Law Updates: Notification/Circulars: CGST Circular No. 190/02/2023-GST Dated:13-01-2023 Clarifications regarding applicability of GST on certain services – reg. (a) Applicability of GST on accommodation services supplied by Air Force Mess to its personnel; (b) Applicability of GST on incentive paid by … Continue Reading →