GST Calendar –Compliances for the month of April’2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) May 10,2022 GSTR-8 (Tax Collected at Source ‘TCS’) May 10,2022 GSTR-1 May 11,2022 IFF- Invoice furnishing facility (Availing QRMP) May 13,2022 GSTR-6 Input Service Distributor May 13,2022 GSTR-2B (Auto Generated Statement) May 14,2022 GSTR-3B May 20,2022 GSTR-5 (Non-Resident Taxable Person) May […]
Loss from one Virtual Digital Asset (VDA) cannot be set off against income from another VDA. In our February month’s tax alert we mentioned the new scheme of taxation on virtual digital assets and also brought up the issue regarding the set-off of loss from one VDA with income of another VDA. Relevant extracts of the February tax alert: “Whether […]
Axis Bank to acquire Citi’s consumer business in India for $1.6 bn: One of the leading private sector banks in India, Axis Bank has agreed to acquire Citibank’s consumer business in India. The deal will be undertaken for INR 12,325 crore ($1.62 billion), in an all-cash deal, which includes Citi’s credit cards, retail banking, wealth management, and consumer loan business. Presently, Citibank […]
GST Calendar –Compliances for the month of March’2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) April 10,2022 GSTR-8 (Tax Collected at Source ‘TCS’) April 10,2022 GSTR-1 April 11,2022 IFF- Invoice furnishing facility (Availing QRMP) April 13,2022 GSTR-6 Input Service Distributor April 13,2022 GSTR-2B (Auto Generated Statement) April 14,2022 GSTR-3B April 20,2022 GSTR-5 (Non-Resident Taxable Person) April […]
In this edition, we have tried to bring you to notice of the latest amendment that followed in the month of March 2022 issued by MCA, RBI, SEBI, DIPP and others. Amendments issued by SEBI SEBI has issued a Notification regarding Change in control of the Sponsor and/or Manager of the Alternative Investment Fund involving the scheme of arrangement under the […]
Union Budget 2022-23 Highlights Updated Income Tax Return: Sub-section (8A) has proposed to be inserted into section 139 to provide an additional 2 years to a taxpayer to update his return. Updated returns can be filed irrespective of the fact whether the taxpayer has earlier filed the original, revised or belated return in respect of the relevant assessment year. However, […]
Bharti Airtel to buy Vodafone’s equity stake in Indus Tower: Telecom operator Bharti Airtel Ltd has agreed to buy Vodafone Group’s 4.7% stake in India’s largest cell tower firm Indus Towers Ltd. Vodafone Group is looking to sell its entire stake in Indus Towers Ltd. Currently, Vodafone holds about 28% in Indus Towers while that of Bharti Airtel is close […]
Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) March 10,2022 GSTR-8 (Tax Collected at Source ‘TCS’) March 10,2022 GSTR-1 March 11,2022 IFF- Invoice furnishing facility (Availing QRMP) March 13,2022 GSTR-6 Input Service Distributor March 13,2022 GSTR-2B (Auto Generated Statement) March 14,2022 GSTR-3B March 20,2022 GSTR-5 (Non-Resident Taxable Person) March 20,2022 GSTR-5A (OIDAR Service Provider) March 20,2022 PMT-06 […]
M/S. Icon Engineering Works Vs. The DCIT, CPC Bangalore 2022 (2) TMI 228 -ITAT Bangalore The assessee would be entitled to deduction of employees’ contribution to PF and ESI provided that the payments were made prior to the due date of filing of the return of income u/s 139(1) – Also further held by the ITAT that amendment by Finance […]
GST Calendar –Compliances for the month of January’2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) February 10,2022 GSTR-8 (Tax Collected at Source ‘TCS’) February 10,2022 GSTR-1 January 2022 February 11,2022 IFF- Invoice furnishing facility (Availing QRMP) February 13,2022 GSTR-6 January 2022 Input Service Distributor February13,2022 GSTR-2B (Auto Generated Statement) February 14,2022 GSTR-3B January 2022 February […]