Blog Post

CBDT Instruction No. 2/2024: SOP for Handling Internal Audit Objections.
Posted on September 18, 2024

The Central Board of Direct Taxes (CBDT) issued Instruction No. 2/2024 to provide a comprehensive Standard Operating Procedure (SOP) for managing internal audit objections. This procedure is essential in a faceless assessment environment, promoting transparency and accountability while ensuring adherence to tax laws. The internal audit framework aims to prevent errors, ensure corrective action, and improve assessment quality.

Maharashtra Extends Stamp Duty Amnesty Scheme 2023: Unmatched Relief for Property Owners.

Posted on September 12, 2024

The Government of Maharashtra has introduced an extension to the Maharashtra Stamp Duty Amnesty Scheme 2023, which aims to remit or reduce stamp duty and penalties on certain instruments under the Maharashtra Stamp Act.

Notification No. 44/2024-Income Tax Dated: 24th May, 2024.

Posted on May 25, 2024

In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue)

Rule 21AGA: Exercise of option under sub-section (6) of section 115BAC.

Posted on May 22, 2024

(1) The option to be exercised in accordance with the provisions of sub-section (6) of section 115BAC by a person, being an individual or Hindu undivided family, or an association of persons (other than a co-operative society) or a body of individuals, whether incorporated or not, or an artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2, for any previous year relevant to the assessment year beginning on or after the 1st day of April, 2024, shall be, -

Advisory: Self Enablement For e-Invoicing

Posted on April 30, 2024

1. If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards.

2. For those who meet the notification criteria but have not yet been enabled on the portal, you can self-enable for e-Invoicing by visiting https://einvoice.gst.gov.in and start reporting through any of the 4 new


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CBDT Instruction No. 2/2024: SOP for Handling Internal Audit Objections.Posted on September 18, 2024

Maharashtra Extends Stamp Duty Amnesty Scheme 2023: Unmatched Relief for Property Owners.

Notification No. 44/2024-Income Tax Dated: 24th May, 2024.

Rule 21AGA: Exercise of option under sub-section (6) of section 115BAC.

Advisory: Self Enablement For e-Invoicing

CBDT Instruction No. 2/2024: SOP for Handling Internal Audit Objections.
Posted on September 18, 2024