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Transfer Pricing – Guidance Note on Report u/s. 92E of Income Tax Act, 1961
GUIDANCE NOTE ON REPORT UNDER SECTION 92E OF THE INCOME-TAX ACT, 1961 (TRANSFER PRICING) [Based on the law as amended by the Finance Act, 2022] (Revised 2022) ICAI Committee on International Taxation...
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FAQ’s on filing of Income Tax Form 3CEB
Income Tax Department, Government of India Question 1: What are the prerequisites for filing of Form 3CEB? Resolution: The following are the prerequisites for filing of Form 3CEB: Taxpayer and CA are...
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CCI imposes monetary penalty of ₹ 1337.76 crore on Google for abusing dominant position
CCI imposes a monetary penalty of Rs. 1337.76 crore on Google for anti-competitive practices in relation to Android mobile devices 1. The Competition Commission of India (Commission) has imposed a pen...
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Exposure draft of IRDAI (Assets, Liabilities and Solvency Margin of General Insurance Business) (First Amendment) Regulations, 2022
Insurance Regulatory and Development Authority of India 1. In exercise of the powers conferred by clauses (y), (z), (za) and (zab) of subsection (2) of section 114A read with Sections 64V and 64VA of...
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Late Fees, Interest, threat to levy penalty or to initiate prosecution – Tax Terrorism
Chartered Accountants Association, Surat Ref: CAAS/Representations/2020-21/03 – Date: 06-01-2021 To, The Finance Minister, 134, North Block, New Delhi – 110011 Sub: Resentment towards Approach of FMO...
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MEF Form due date extended till 9th November, 2022
Professional Development Committee The Institute of Chartered Accountants of India 21st October, 2022 ANNOUNCEMENT FOR EXTENSION OF LAST DATE FOR SUBMITTING MEF 2022-23 FROM OCTOBER 28 TO NOVEMBER 9,...
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Exposure Draft of Insurance Regulatory and Development Authority of India (Actuarial Report and Abstract for Life Business) (First Amendment) Regulations, 2022
Insurance Regulatory and Development Authority of India 1. In exercise of the powers conferred by clauses (g), (y), (z) of subsection (2) of section 114A read with Sections 13, 64V and 64VA of the Ins...
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CBDT notifies Kerala State Electricity Regulatory Commission under Section 10(46)
vide Notification No. 117/2022-Income Tax | Dated: 19th October, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 117/2022-Income Tax | Date...
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CBDT notifies ‘H P Electricity Regulatory Commission’ under Section 10(46)
vide Notification No. 116/2022-Income Tax | Dated: 19th October, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 116/2022-Income Tax | Date...
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How to open/update NPS account using Driving License issued in DigiLocker
Central Record Keeping Agencies (CRAs) of PFRDA have become Digi Locker Partner Organizations to provide Subscriber Centric online Services Building a Pensioned Society enabled through Digi Locker Cen...
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PM dedicates 75 Digital Banking Units across 75 districts to the nation
“We have given top priority to ensure that banking services reach the last mile” “A whole new world of possibilities opens up when financial partnerships are combined with digital partnerships” “Today...
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Ceiling of Rs. 5 Lakh on subscription to GPF in a financial year
F.No. 3/6/2021-P&PW (F) Government of India Ministry of Personnel, PG & Pensions Department of Pension & Pensioners’ Welfare 3rd Floor, Lok Nayak Bhawan Khan Market, New Delhi-110 003 dated: 11.10.202...
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Seatbelt Compulsory for Motor Vehicle Drivers & Commuters in Mumbai from 01.11.2021
Office of the, Joint Commissioner of Police, Traffic, Mumbai. Traffic Police Headquarter, Worli, Mumbai- 400 030 Dated-: 14/10/2022 PRESS NOTE Compulsory use of Seatbelt for Motor Vehicle Drivers and...
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Draft IRDAI (Registration of Indian Insurance Companies) Regulations, 2022
Insurance Regulatory and Development Authority of India Exposure Draft of IRDAI (Registration of Indian Insurance Companies) Regulations, 2022 In exercise of the powers conferred by Section 114A of th...
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India records over $1 billion of monthly exports of mobile phones in September 2022
For the first time ever, India’s monthly exports of mobile phones surpassed the $1 billion threshold in September 2022 with y-o-y growth of more than 200%. Mobile phone exports: April 2022 – September...
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Third edition of the IFRS for SMEs Accounting Standard
Accounting Standards Board The Institute of Chartered Accountants of India 10th October, 2022 Third edition of the IFRS for SMEs Accounting Standard IFRS for SMEs Accounting Standards are applied for...
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Sale of illegal fire-crackers without invoice – CGST officials bust racket
Ministry of Finance Anti-Evasion Team of Faridabad CGST officials “Green warriors” bust racket of illegal fire-crackers with 21 godowns, seize almost Rs 51 lakh The Anti-Evasion Branch, CGST Commissio...
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CBDT notifies Norges Bank as sovereign wealth fund U/s. 10(23FE)
CBDT notifies sovereign wealth fund, namely, Norges Bank On Account Of The Government Pension Fund Global vide Notification No. 115/2022-Income Tax | Dated: 14th October, 2022 MINISTRY OF FINANCE (Dep...
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CBDT notifies Ontario Limited as pension fund – section 10(23FE)
vide Notification No. 114/2022-Income Tax | Dated: 13th October, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 114/2022-Income Tax | Dated...
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CBDT notifies jurisdiction of CIT(A) under Faceless Appeal Scheme, 2021
vide Notification No. 113/2022-Income Tax Dated: 13th October, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 113/2022-Income Tax Dated: 13...