All articles

EXPORT OF IT INDUSTRY SERVICES The Government of India (GoI) has taken various initiatives to promote Information Technology and Information Technology enabled Services (IT/ ITeS) sector in the countr...

Various initiatives/schemes have been launched by Government for promoting growth and attracting investment in India. The Make in India programme was launched on 25th September, 2014 with aim of facil...

Public Relations Committee The Institute of Chartered Accountants of India 11th February, 2022 ICAI mandates Peer Review for certain categories of Firms The Institute of Chartered Accountants of India...

states TeamLease RegTech and ORF Report TeamLease RegTech in association with Observer Research Foundations launches ‘Jailed for Doing Business’ Report ~ ♦ A new monograph by the Observer Research Fou...

No need to physically port the ration card from one State/UT to another under One Nation One Ration Card (ONORC) plan Since inception of the ONORC in August 2019, about 56 Crore portability transactio...

LG, Shri Manoj Sinha launches the J&K Single Window Clearance System integrated with NSWS. NSWS is linked with India Industrial Land Bank (IILB) which hosts 45 industrial parks of J&K, will help Inves...

As per Reserve Bank of India (RBI) data on global operations, gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) have declined from Rs. 9,33,779 crore (GNPA ratio of 9.07%) as on...

EPCG and Post Export EPCG FAQs Q.1 What does EPCG stand for? What is the benefit of an EPCG authorisation? Ans. EPCG stands for Export Promotion Capital Goods. The objective of this scheme is to facil...

All students who passed any group/module or any stage, are eligible for obtaining transcript. Documents required 1. Duly filled and signed Transcript Application Form 2. Self-attested copies of the ma...

In an important communication sent to Finance Minister, Nirmala Sitharaman,CAAT urged for complete withdrawal of the proposed GST hike on Textiles as same is going to be a big burden on Traders & cons...

Government of Haryana Excise and Taxation Department Press Release 8th February 2021 The Excise and Taxation Department, Government of Haryana under the leadership of Deputy Chief Minister. Sh. Dushya...

CGST Commissionerate in Navi Mumbai busts fake input tax credit racket, arrests proprietor of scrap metal firm CGST Commissionerate, Navi Mumbai has busted a fake ITC racket of Rs. 10.26 Crores and ar...

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th February, 2022 G.S.R. 102(E).—With the approval of the Competent Authority, the Direct Tax R...

Analysis of applicability of section 194R Finance Bill 2022 has proposed to insert Section 194R in the Income Tax Act, 1961 (“Act”). As per the memorandum explaining the provisions in the Finance Bill...

Finance Bill 2022 Income Tax amendments related to Charitable Institutions Since last 5 years we find that there are certain amendments under sections 11 to 13, pertaining to Charitable Trust. It seem...

If Government were to be a farmer, then Tax deduction at source (TDS) provisions are its cash crops”. TDS, as a concept, was introduced under Income-tax Act by the government to collect income at its...

Accounting Standards Board The Institute of Chartered Accountants of India 8th February, 2022 Exposure Draft of Initial Application of Ind AS 117 and Ind AS 109- Comparative Information – Amendments t...

Institute of Company Secretaries of India Note: It is clarified that on the scheduled cut-off date even if there is a holiday/Off-day, there shall be no change in the prescribed cut-off date Particula...

Results of Chartered Accountants Final Examination (Old Course & New Course) and Foundation Examination held in December 2021 are likely to be declared on Thursday, 10th February, 2022 (evening)/Frida...

Average monthly gross GST collection for third quarter of FY 2021-22 is Rs.1.30 lakh crore Record GST collection of Rs.1,40,986 crore reported for January, 2022 The average monthly gross Goods & Servi...