Amit Mandhane

In Profession Of Chartered Accountant | Be Good to Each an Everyone| Stay Happy & #BePositive

[Income Tax India @IncomeTaxIndia]

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income for Assessment Year 2026-27 in the case of persons mentioned at S. No. 2 in the Table below Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961 from 31st October, 2026 to 21st November, 2026.

Accordingly, the 'specified date' for furnishing of the report of audit under the provisions of the Income-tax Act, 1961 for Assessment Year 2026-27, in the case of such persons, stands extended to 21st October, 2026

Press Release Issued.

[Institute of Company Secretaries of India (ICSI) @icsi_cs]

#ICSI extends its sincere thanks to the @MCA21India for granting an extension for #AnnualFiling Forms pertaining to FY 2024-25 upto 31st January 2026 without payment of additional fees. A timely and thoughtful gesture benefiting the corporate fraternity and professionals alike.

[Income Tax India @IncomeTaxIndia]

CBDT extends the last date for furnishing Belated/ Revised return of income for AY 2024-25 in the case of Resident Individuals from 31st December, 2024 to 15th January, 2025.

✅Circular no. 21/2024 dated 31/12/2024 issued-
https://t.co/JPlfg25LjF

[GST Tech @Infosys_GSTN]

Want to file an application for rectification of notices and order on the GST portal! Watch this video:

#GST #GSTN #Rectification #Order #Notice #GSTForms

[Protean @ProteanEgovTech]

We proudly present our newly transformed PAN website – a digital reflection of our commitment to excellence.

🚀 Streamlined for speed
🎨 Sleek, modern design
🖱️ Intuitive user experience

Step into the future of PAN services. Explore our enhanced online platform now! ➡️ https://t.co/QgG1rMyvBo

#ProteanInnovation #PANEvolved #DigitalTransformation #EnhancedPerformance #WebsiteRevamp

[CBIC @cbic_india]

3 more Cancer Drugs fully exempted from Customs Duty #UnionBudget2024 #BudgetForViksitBharat #Budget2024

[CBIC @cbic_india]

Customs Duty reduced on Cellular Mobile Phone, PCBA & Charger/Adapter of Mobile Phone, etc. #UnionBudget2024 #BudgetForViksitBharat #Budget2024

[Income Tax India @IncomeTaxIndia]

New Capital Gains Taxation regime

✅An issue has been raised as to what would be the Cost of Acquisition as on 1.4.2001 for properties purchased prior to 2001.

✅For properties (land or building or both) purchased prior to 1.4.2001, the cost of acquisition as on 1.4.2001 shall be:-

✅Cost of Acquisition of the asset to the assesse; or
✅the Fair Market Value (not exceeding the stamp duty value, wherever available) of such asset as on 1.4.2001.

✅Taxpayers can choose either option as per section 55(2)(b) of the Income-tax Act, 1961.

An illustration to explain the same:

[CBIC @cbic_india]

Biometric based Aadhar Authentication for GST registration on Pan-India basis

[Taxation Updates (CA Mayur J Sondagar) @TaxationUpdates]

Time limits for passing orders / issuing SCNs, under Section 73 & 74

Credit to @advocatenuts

[Income Tax India @IncomeTaxIndia]

Kind Attention Taxpayers!

🚨 Protect yourself from online scams!

#StaySafeOnline
#CyberCrimePrevention

[CBIC @cbic_india]

No interest payable (in case of delayed filing of return), on the amount which is available In ECL on Due Date of filing of GSTR-3B Return

[CBIC @cbic_india]

Mechanism provided for refund of Additional IGST paid on account of Upward Revision in price of the Goods subsequent to Exports

[CBIC @cbic_india]

Reduction in rate of TCS to be collected by ECOs for supplies being made through them

[CBIC @cbic_india]

Small business exempted from the filing of Annual Return (GSTR-9)

[CBIC @cbic_india]

Accommodation Services less than or equal to ₹20,000/- per person per month has been exempted from GST w.e.f. 15.07.2024

[CBIC @cbic_india]

Clarification on the taxability of ESOP/ESPP/RSU provided by a company to its employees through its overseas holding company

[CBIC @cbic_india]

Clarification on time of supply of services of spectrum usage and other similar services under GST

[CBIC @cbic_india]

Clarification on ITC in relation to the Premium for Life Insurance Policies which is not included in taxable value

[Income Tax India @IncomeTaxIndia]

Kind Attention SFT filers!

The deadline for filing the Statement of Financial Transactions (SFT) for the Financial Year 2023-24 is May 31st, 2024.

Do ensure timely submission of your SFT.