Welcome to our tax compliance alert blog! In this blog, we will discuss an important regulation that affects certain taxpayers. The title of this blog is “Tax Compliance Alert: Reporting Invoices Beyond 30 Days Not Permitted”.

Ensuring timely compliance with tax regulations is crucial for all taxpayers. However, for those falling within a specific category, reporting invoices older than 30 days on the date of reporting is not permitted and  Taxpayers with an ( AATO) exceeding 100 crores will now face a strict time limit for reporting checks This regulation has been put in place to streamline the reporting process and maintain accurate tax records.

By disallowing the reporting of invoices beyond the 30-day threshold, tax authorities aim to promote efficiency and prevent any potential discrepancies. It is essential for all taxpayers falling within this category to adhere to this regulation to avoid any penalties or legal repercussions.

 we strive to keep taxpayers informed about the latest tax compliance updates. This blog serves as an essential resource for those who need to be aware of this specific rule regarding reporting invoices.

For more detailed guidance and information on tax compliance and related topics click https://www.incometax.gov.in/iec/foportal/

Remember, staying compliant with tax regulations is crucial for every taxpayer. Don’t forget to share this blog  with your fellow taxpayers who might benefit from this important information.

for more to know section 119 of income tax act click the link :-https://legatobs.com/order-under-section-119-of-the-income-tax-act-1961-for-extension-of-time-limits-for-submission-of-certain-tds-tcs-statement/

Thank you for Reading ! Stay compliant and informed!