49/2023-Customs, CBIC Notification 25-Aug-2023
25.08.2023 includes parboiled rice in the second schedule of the Customs Tariff Act in an effort to impose an export tax on it.
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37/2023-Customs, CBIC Notification 10-May-2023
seeks to exclude holders of TRQ licences from paying any basic customs duty or the agriculture infrastructure and development cess on imports of crude soy oil and crude sunflower oil for the fiscal years 2022–2023 and up until June 30 of 2023.
Relative’s Definition under Section 56(2)
According to section 56 of the Income Tax Act, a gift received from a relative is not taxable in the recipient’s hands. People who are regarded as relatives include In the case of a person In the case of the HUF, Any HUF member Based on the aforementioned information, 51 relationships may result in gifts…
31/2023-Customs, CBIC Notification 20-Apr-2023
in order to add Nepalgunj Road as an extra LCS against condition number 1, seeks to further alter notification No. 55/2022-Customs, dated 31.10.2022.
27-Apr-2023, e-Filing Latest News
Form No. 70, as announced by It is possible to file Notification No. 111/2022, dated 28-Sep-2022, through the portal.
04/03/2023 Advisory : GSTN now offers electronic invoice filing services with private IRPs.
On the advice of the GST Council, GSTN launched the e-invoice registration services through a number of private IRPs as another move towards further digitising the business process flow. The GSTN appointed four private businesses, namely ClearTax, Cygnet, E&Y, and IRIS Business Ltd, to offer these e-invoice registration services to all national GST users. You…
26-Jun-2023, e-Filing Latest News
ITR-3 Offline Utility for AY 2023–24 is now available for submission. Click here to download.