Extension of timelines for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24
The due date of furnishing of Return of Income in Form ITR-7 for the Assessment Year 2023-24 in the case of assessees whose accounts are required to be audited, is extended from 31st October, 2023 to 30th November, 2023. he due date of furnishing Tax Audit Report in the case of a fund or trust or institution or any university or other educational institution or any hospital or other medical institution in Form 10B/Form/10BB for the Previous Year 2022-23, which is 30th September, 2023, is hereby extended to 31st October, 2023.
DGFT has delisted 32 agencies authorized to issue Certificates of Origin (Non Preferential)
The entities are delisted because they have still not onboarded on the e-CoO platform for issuance of Certificate of Origin (Non Preferential), to complete their on-boarding by 31st August 2023.
Centre makes it mandatory to disclose weekly sugar stocks by Traders/Wholesalers, Retailers, Big Chain Retailers, Processors
Government is also expecting cooperation from sugar mills and traders to adhere to the relevant laws and monthly domestic quota norms. Strict action will be taken against the mills violating the same.
Special Campaign for reducing pending legal matters on a monthly basis
For coordinating with all the Divisions within the Ministry efficiently, an intra-Ministry portal has been developed. This has been the best practice of the Ministry wherein all the Divisions upload data related to the Special Campaign. This has facilitated in acquiring correct data on time curtailing any delay.
Extension of date for mandatory testing of Transport Vehicles through Automated Testing Stations
The date for mandatory testing is now notified as 1st October 2024. It is also mandated that fitness testing of the vehicle shall be done only through automated testing station where the automated testing station registered and is operational in the jurisdiction of a registering authority.
Uttar Pradesh Expressways Industrial Development Authority exempted from Income Tax
This notification shall be deemed to have been applied for the assessment year 2023-2024 relevant for financial year 2022-2023.
CBIC directions for import of Linear Alkyl Benzene
In addition to the prescribed documents required to be submitted with the bill of entry, the importer shall also produce — (i) Test Certificate of the product; (ii) Manufacturer’s Invoice; (iii) Purchase Order or Contract; and (iv) manufacturing process from the manufacturer.
