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Government reduces import duty of cotton to zero
A total of 61 applicants approved under Production Linked Incentive (PLI) Scheme For Textiles out of 67 applications received Proposed total investment expected from Applicants is Rs. 19,077 crore and...
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CBDT releases Common Offline Utility (ITR 1 to ITR 4)
CBDT has enabled the common offline utility for filing ITR-1 and ITR-4 for the Assessment Year 2022-23 and ITR 2 and ITR 3 will be enabled shortly. Taxpayers can download ITR Offline Utility through “...
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Cabinet approves Bilateral MOU between SEBI & Manitoba Securities Commission, Canada
Cabinet approves Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada The Union Cabinet chaired by the Prime Minister Shri Na...
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Expert Committee on Longevity Finance recommends setting up of Longevity Hub at GIFT-IFSC
International Finance Services Centres Authority (IFSCA) constituted Expert Committee on Longevity Finance, co-chaired by Ms. Kaku Nakhate, Country Head (India), Bank of America and Mr. Gopalan Sriniv...
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Filing of patents increases by more than 50% in the last 7 years
For the first time in 11 years, the number of domestic patent filing surpasses the number of international patent filing in India during Jan-Mar 2022 Shri Piyush Goyal appreciates consistent efforts m...
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ICSI Clarification Regarding Obtaining Mandatory CPE Credits
The Institute of Company Secretaries of India April 11, 2022 CLARIFICATION REGARDING OBTAINING THE MANDATORY CPE CREDITS Dear Professional Colleague, This is in continuation to the communication dated...
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Peer Review Mandate – Roll Out – (Revised)
Peer Review Board The Institute of Chartered Accountants of India 11th April, 2022 ANNOUNCEMENT Peer Review Mandate – Roll Out – (Revised) The Council at its 407th Meeting held from 7th – 9th January...
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2- Factor Authentication for e-Way Bill and eInvoice System
To enhance the security of the e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for logging in to the e-Way Bill/e-Invoice system. In addition to username and password, OTP will...
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One arrested by DGGI Gurugram officials for fraudulently availing IITC
One arrested by DGGI Gurugram officials for fraudulently availing Input Tax Credit of more than Rs 16 crore The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GU), Gurugram, has u...
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Section 10(46): CBDT notifies Rajasthan Electricity Regulatory Commission
CBDT notifies Rajasthan Electricity Regulatory Commission under section 10(46) of Income Tax Act vide Notification No. 30/2022-Income Tax Dated: 11th April, 2022. MINISTRY OF FINANCE (Department of Re...
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CBDT notifies Somnath Temple as place of historic importance for Section 80G
CBDT notifies Somnath Temple as place of historic importance and a place of public worship of renown under section 80G of Income-tax Act, 1961 vide Notification No. 29/2022-Income Tax Dated: 11th Apri...
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Guidance on updating UDIN for Audit Reports submitted by CA users
The functionality for updating UDIN against the Audit reports submitted by CA users has been enabled at e-filing portal www.incometax.gov.in. Please note that this functionality may not be used for up...
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Proposed Amendments in CGST Act 2017
Amendments in GST Acts ♦ Certain changes have been proposed in the CGST Act through Finance Bill, 2022 based on the recommendations made by the GST Council. ♦ The Amendments pertaining to GST law are...
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One person arrested for bogus ITC claim from fake bills of Rs.102 Crores
Maharashtra State GST Department arrests one person for bogus ITC claim from fake bills of Rs.102 Crores The Maharashtra State GST department arrested one person for bogus ITC claim worth Rs.14 crore...
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UIDAI cancel more than 4.75 lakh Aadhaars for being duplicate
PRESS RELEASE OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA New Delhi 06 April, 2022 AUDIT REPORT ON ‘FUNCTIONING OF UNIQUE IDENTIFICATION AUTHORITY OF INDIA’ PRESENTED Performance Audit Repo...
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ICSI appreciates Government for bringing CA, CMA, CS Amendment Bill, 2021
The ICSI lauds the efforts of the Government of India The Institute of Company Secretaries of India appreciates the efforts of the Government of India in bringing the Chartered Accountants, the Cost a...
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New Functionalities for Taxpayers on GST Portal in March, 2022
Article explains about New Functionalities made available for Taxpayers on GST Portal (March, 2022) which are related to Creation of link for Manipur, Enhancements made in the Search Taxpayer function...
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IBBI Discussion Paper on Enhancing effectiveness of Information Utility
Insolvency and Bankruptcy Board of India 8th April, 2022 Discussion Paper on “Enhancing effectiveness of Information Utility” This paper seeks to enhance effectiveness of Information Utility (“IU”) to...
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Tax Revenues in 2021-22 exceed Union Budget estimates by ₹5 lakh crore
The tax revenue in the Union Budget for 2021-22 was estimated at ₹22.17 lakh crore against the revised estimates of ₹19 lakh crore, with a growth of 17%. The Union Budget was presented on 1st February...
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Updated FAQ’s on Regulation 17(1C) of SEBI(LODR) Regulations, 2015
BSE Notice No.: 20220408-45 | Notice Date: 08 Apr 2022 | Category: Circulars Listed Companies | Segment: Equity Subject Updated FAQ’s on Regulation 17(1C) of SEBI(LODR) Regulations, 2015 Dear Sir/ Mad...