Post by: Renu Suresh in Income Tax
Guidelines for TDS on Perquisites under Section 194R CBDT vide Circular No. 12/2022 dated 16.06.2022 issued detailed guidelines for removing difficulties for deduction of tax (TDS) as per the provision of section 194R of the Income-tax Act, 1961. This Circular…
Post by: poonamgandhi in GST GST in India
New Provision Relating to Restricted Input Tax Credit Seamless flow of ‘Input Tax Credit’ is the main aim behind the implementation of Goods and Services Tax (GST). However, since its inception i.e. 1st July 2017, GST officials have come across…
Post by: Renu Suresh in Income Tax
CBDT amends Compliance Check Functionality for Section 206AB & 206CCA The Central Board of Direct Taxes (CBDT) amends Compliance Check Functionality for Section 206AB & 206CCA vide a Circular No. 10/2022 dated 17th May 2022 to determine the non-filers. To…
Post by: poonamgandhi in GST GST in India
New input tax credit availment condition imposed vide Finance Act, 2022 The registered taxable person, in order to avail of the input tax credit, needs to satisfy several conditions as laid down under provisions of section 16(2) of the Central…
