Key Update: Notification No. S.O. 1620(E) – Appointment of Technical Member to SAT
Simplified Explanation of Notification No. S.O. 1620(E) Purpose of the Notification: This notification announces the appointment of a new Technical Member to the Securities Appellate Tribunal (SAT). It specifies the terms and conditions of this appointment. Details of the Notification: Appointment of Technical Member: Name:ShriDheerajBhatnagar Previous Position: Retired Principal Chief Commissioner of Income Tax, Delhi Position: Technical […]
Overview of Notification No. 6/2024 – Central Tax
Simplified Explanation of Notification No. 6/2024 – Central Tax Purpose of the Notification: This notification designates a specific system with which information shared by taxpayers can be accessed and utilized, based on their consent, through a common portal. Key Details: System Designation: Name of the System: Public Tech Platform for Frictionless Credit Context: This system has been […]
Overview of Notification No. 5/2024 – Central Tax
Simplified Explanation of Notification No. 5/2024 – Central Tax Purpose of the Notification: This notification updates the details of the officers authorized under the Central Goods and Services Tax (CGST) Act by modifying a specific entry in the previous notification. Key Details: Amendment Overview: Original Notification Reference: Notification No. 2/2017-Central Tax, dated 19th June 2017. Amendment […]
Overview of Notification No. 4/2024 – Central Tax
Simplified Explanation of Notification No. 4/2024 – Central Tax Purpose of the Notification:This notification sets out a special procedure for registered manufacturers of specific goods to report and manage details of their packing machines and production capacities under the Central Goods and Services Tax (CGST) Act. Key Details: Special Procedure for Manufacturers: Applicability: This procedure is […]
Overview of Notification No. 3/2024 – Central Tax
Simplified Explanation of Notification No. 3/2024 – Central Tax Heading: Rescission of Notification No. 30/2023-Central Tax Purpose of the Notification: This notification rescinds (cancels) an earlier notification (No. 30/2023-Central Tax) that was issued on July 31, 2023. The rescission means that the rules or procedures outlined in the earlier notification will no longer be in […]
Amendment in Rule 80 of Central Goods and Services Tax Rules, 2017
Simplified Explanation of Notification No. 2/2024 – Central Tax Heading: Amendment in Rule 80 of Central Goods and Services Tax Rules, 2017 Purpose of the Notification:This notification introduces amendments to Rule 80 of the Central Goods and Services Tax (CGST) Rules, 2017. These changes are specific to the filing of annual returns and self-certified reconciliation […]
TDS FAQs for Deductors and Deductees
Quick Reference Box TDS Parameter Details Monthly deposit deadline 7th of following month (30 April for March) Q1 return (Apr–Jun 2026) 15 July 2026 Q2 return (Jul–Sep 2026) 15 October 2026 Q3 return (Oct–Dec 2026) 15 January 2027 Q4 return (Jan–Mar 2027) 15 May 2027 Form 130 (salary TDS certificate) By 15 June 2027 for […]
Section 143(2) Scrutiny Notice: A Complete Response Guide
Notice at a Glance Parameter Details Notice type Scrutiny assessment selection — full or limited What it means Your return has been selected for detailed examination Time limit for issue Within 3 months from end of FY in which return was filed Example ITR filed on 31 July 2025 → notice must be issued by […]
Section 131 Summons: Rights, Response, and Strategy
Notice at a Glance Parameter Details Notice type Summons — to appear before AO or produce documents Who can issue it? AO, Commissioner, and other specified authorities What it requires Personal appearance, production of books, or both Can assessee send a representative? Yes — an authorised representative (CA, advocate) can appear Is it compulsory? Yes […]
Section 133(6) Notice: The Third-Party Information Trap
Notice at a Glance Parameter Details Who receives this notice? Third parties — banks, CA firms, registrars, employers, brokers Can assessee also receive it? Yes — sometimes issued to the assessee directly about specific transactions What it demands Books, documents, statements, or information about specific transactions Time limit for compliance As specified — typically 15–30 […]