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Initiatives taken by Govt to create a conducive business environment
Department for Promotion of Industry and Internal Trade (DPIIT) is spearheading the initiatives under Ease of Doing Business and Reducing Compliance Burden which are aimed at creating a conducive busi...
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India achieves landmark milestone, over 75000 startups recognised so far
These numbers tell the power of a vision to see innovation and drive growth, says Piyush Goyal Latest 10000 startups recognised in 156 days compared to initial ten thousand startups in 808 days 7.46 l...
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Exposure Draft – IRDAI (Expenses of Management of Insurers Transacting Life Insurance Business) Regulations, 2022
Insurance Regulatory and Development Authority of India Ref. No: Date:_________ EXPOSURE DRAFT – INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (EXPENSES OF MANAGEMENT OF INSURERS TRANSACTING...
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Exposure Draft – IRDAI (Other Forms of Capital) Regulations, 2022
Insurance Regulatory and Development Authority of India Ref. No: Date: _________ EXPOSURE DRAFT – INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (OTHER FORMS OF CAPITAL) REGULATIONS, 2022 1....
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Irregularities in cooperative credit societies & Amount duped by them
Irregularities in cooperative credit societies Co-operative societies registered under the provisions of the Multi State Cooperative Societies (MSCS) Act, 2002 are functioning as autonomous cooperativ...
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Request to Withdraw GST on Pre-packaged Labeled Food Items
All Gujarat Federation of Tax Consultants has made a representation related to Withdrawal of GST on Pre-Packaged Labeled food items on 02nd August, 2022. Please find attached herewith the copy of the...
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Customs duty evasion of Rs. 2217 crore by Vivo Mobile
DRI detects Customs duty evasion of Rs. 2,217 crore by M/s. Vivo Mobile India Pvt. Ltd. During an investigation pertaining to M/s Vivo Mobile India Private Limited (hereinafter referred to as ‘M/s Viv...
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CBDT notifies Telangana State Pollution Control Board under Section 10(46)
of income Tax Act, 1961 vide Notification No. 88/2022-Income-Tax | Dated: 2nd August, 2022. MINISTRY OF FINANCE Department of Revenue (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 88/2022...
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Income Tax Department searches Healthcare Provider Groups
Income Tax Department conducts searches on Healthcare Provider Groups in Haryana and Delhi-NCR The Income Tax Department carried out search and seizure operations on 27.07.2022 on several groups engag...
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Income Tax Department searches Healthcare Provider Groups
Income Tax Department conducts searches on Healthcare Provider Groups in Haryana and Delhi-NCR The Income Tax Department carried out search and seizure operations on 27.07.2022 on several groups engag...
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Enforcement of Minimum Wages
The provisions of the Minimum Wages Act, 1948, are being enforced by the Central Government and the State Governments in their respective jurisdiction. In the Central sphere the enforcement is done th...
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No charge for web check-in in scheduled domestic airlines
Directorate General of Civil Aviation (DGCA) has issued Air Transport Circular (ATC)-01 of 2021 titled, ‘Unbundle of Services and fees by scheduled airlines’ as per which, some services like preferent...
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Private players can use drones for delivery purposes
Provisional list of 23 PLI beneficiaries released on 6th July 2022 Drones offer tremendous benefits to almost all sectors of the economy. These include – agriculture, vaccine delivery, surveillance, s...
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1,67,080 companies registered in FY 2021-22
43,050 LLPs registered during FY 2020-21 as compared to 42,187 in the previous year Limited Liability Partnership (LLP) and Companies are incorporated under the Ministry of Corporate Affairs as per th...
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Income Tax Department searches Gujarat business conglomerate
Income Tax Department conducts searches in Gujarat The Income Tax Department carried out a search and seizure operation on 20.07.2022 on a prominent business conglomerate engaged in diversified fields...
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Various outreach initiatives to spread financial and tax literacy
Various communication and outreach initiatives to spread financial and tax literacy awareness among masses The Government has launched a series of communication and outreach products aimed at spreadin...
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₹1,48,995 crore gross GST revenue collected in the month of July 2022
GST Revenue collection for July second highest ever & 28% higher than the revenues in the same month last year The gross GST revenue collected in the month of July 2022 is ₹1,48,995 crore of which CGS...
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CBDT amends Income Tax Rule 21AK
CBDT amends Rule 21AK which explains Conditions for Section 10(4E) of Income Tax Act, 1961. CBDT vide Notification No. 87/2022-Income Tax | Dated: 1st August, 2022 inserted the word ‘non-deliverable f...
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CBDT reduces time limit for verification of ITR to 30 days
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Directorate of Systems New Delhi. Notification No. 05 of 2022 | dated : 29.07.2022 Subject: – Reduction of t...
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New record of over 72.42 lakh ITRs filed on 31st July 2022
New record of over 72.42 lakh (7.24m) ITRs filed on a single day About 5.83 crore ITRs filed till 31st July, 2022 The Department expresses its gratitude to taxpayers and tax professionals for making c...