Taxation Updates (CA Mayur J Sondagar)
Taxation Updates (CA Mayur J Sondagar)

@TaxationUpdates

25 Tweets 16 reads May 04, 2023
THE BOOKMARK Thread
This thread will definitely helpful to all professionals
#TaxationUpdates
Official Links
List of Some Useful Contact Numbers and Email id (Income Tax, GST, CBIC, TRACES, ICEGATE, Udhyam, NSDL Protean Tech, MCA)
Password Format for Deductor and Tax Payer for TRACES Portal Services
Tax Rates for last 8 assessment years (A.Y.15-16 to A.Y.22-23)
Turnover Limit for GST Registration & Documents Required for GST Registration
If Aggregate Turnover during FY 22-23 exceeds below specified amounts then following new compliances applicable w.e.f.01/04/2023
Changes in Display of Form 26AS/Annual Tax Statement
TDS on Rent (Pic 1) TDS on Sale of Immovable Property (Pic 2)
Commonly Used TDS Sections with TDS Rates
TDS/TCS Due Dates for Payment/Statement/Certificate for F.Y.2023-24
Income Tax Return and Audit Due Date for A.Y.2023-24 (F.Y.2022-23)
Note on ITR Filing options Till A.Y. 2023-24 and A.Y. 2024-25 onwards
Income Tax Portal allows Tax Payment through various modes
Some important points to be remembered with regard to e-Invoice
Which Regime to be opted for different combinations of Income and Deduction along with Tax Amount based on that for AY 2024-25 (FY 2023-24) (Pic 1)
Income Tax Slab Rates for AY 2024-25 (Pic 2)
Everything about TDS u/s 194Q and TCS u/s 206C(1H) (Pic 1 & 2)
Accounting Entries for TDS u/s 194Q and TCS u/s 206C(1H) (Pic 3)
44AD APPLICABLE OR NOT?
Section 44AA/44AB/44AD/44ADA of Income Tax Act, 1961-2023 (To whom it is Applicable and when it is applicable)
Cash Transaction Limits under Income Tax Act
If you have not received your Income Tax Refund then kindly do the below mentioned process once (It might help in knowing the status of Refund)
Updated Return of Income (Section 139 (8A))
Deduction u/s 80D - Deduction in Respect of Health Insurance Premium
Reporting u/s 269SS & 269T in Income Tax Audit Report
A wonderful compilation of threads and tweets that will definitely serve as a referencer for all the professionals

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