Gaurav Aggarwal & Associates

Gaurav Aggarwal & Associates 1

02/03/2025

Last date to file ITR-U for the A.Y 2022-2023, i.e F.Y 2021-2022 (period 01.04.2021 to 31.03.2022) is 31 March, 2025.

ITR-U or Updated Income Tax Return, is a form that allows taxpayers to update their ITRs by correcting errors or omissions or allows a taxpayer to file ITR if they have not filed ITR within the due date and also missed to file the belated return, within two years from the end of the relevant assessment year.

02/03/2025

The Goods and Services Tax Network (GSTN) has introduced a new feature (Form ENR-03) in the e-Way Bill (EWB) system to facilitate the enrolment of unregistered dealers involved in the movement of goods. This update is effective from February 11, 2025, in accordance with Central Tax Notification No. 12/2024 dated July 10, 2024. The introduction of Form ENR-03 allows unregistered dealers to generate e-Way Bills by enrolling on the EWB portal and obtaining a unique Enrolment ID.

02/03/2025

Income Tax cracking down on individuals with low fund withdrawals, suspicious spending patterns: Report

The Income Tax department has sent notices to some individuals whose bank accounts are showing low-fund withdrawal, according to a report by The Economic Times. The reason behind this move is the fact that the government is trying to crack down on tax evasion using data analytics.

The I-T department has asked for a detailed breakup of the low fund withdrawals which include how much was spent on cooking oil, atta, rice, gas, etc.

Address

Chartered Accountant, Main Bazar
Shahkot
144702

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