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Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST ITC Racket
The officers of Navi Mumbai CGST Commissionerate of Mumbai Zone have busted a fake GST Input Tax Credit racket involving GST of Rs 70 Crores. This network, which involves more than 14 business entitie...
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GST Newsletter for December 2021
GST Council Secretariat, New Delhi Existing GST rates in textile sector to continue beyond 1st January, 2022 The 46 meeting of the GST Council was held on 31.12.2021, in New Delhi under the Chairperso...
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ROC Filing Fees Increased – Section 403 of Companies Act, 2013 amended
Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India 12th January, 2022 ANNOUNCEMENT Sub: Amendment in Section 403 of the Companies Act, 2013 and notificatio...
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IEPFA signs MoU with IGNOU for promoting Investor Education and Financial literacy
Investor Education and Protection Fund Authority (IEPFA) signs MoU with Indira Gandhi National Open University (IGNOU) for promoting Investor Education and Financial literacy among youth through Gyan...
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70% of India Inc plans to increase their CSR funding towards skilling/education in 2022
~ 95.83% of companies direct their CSR funds currently towards Education, Vocational Skilling, Livelihood Improvement ~ TeamLease EdTech, India’s leading learning solutions company, today, launched th...
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Section 10(46) exemption to International Financial Services Centres Authority
Vide Notification No. 3/2022-Income Tax | Dated: 11th January, 2022 CBDT notifies Tax Exemption to ‘International Financial Services Centres Authority’, Gandhinagar, Gujarat, an authority constituted...
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Income Tax Audit Due & ITR Due date for AY 2021-22 extended
On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961, CBDT further extends due dates for filing of Audi...
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Corrigendum to notification notifying Faceless Appeal Scheme, 2021
CBDT has issued CORRIGENDUM Notification No. 02/2022- Income-tax to rectify mistake in Notification No. 139/2021-Income Tax | Dated: 28th December, 2021 vide which Faceless Appeal Scheme, 2021 was not...
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18 Union Budget 2021-22 Provisions implemented by Government
1. Incentives for Start-ups Eligibility for claiming tax holiday extended for start-ups incorporated till 31.03.22. Threshold limit for eligible start-ups was earlier raised to Rs 100cr. from Rs 25cr....
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Tamil Nadu Delta Region CA’s Representation for Extension of due dates
Joint Representation Letter of CA’s in Thanjavur, Thiruvarur, Nagapattinam, Mayiladuthurai and Cuddalore Districts. CAs wrote to FM on the difficulties faced while using the new Income-tax e-filing po...
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Request to extend due date of furnishing Report of Audit for current fiscal year
MAHESH PODDAR MEMBER OF PARLIAMENT (RAJYA SABHA) Member Standing Committee:- Ministry of Finance Consultative Committee :- Road Transport & Highway Joint Committee:- Office of Profit Bureau Member:- B...
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Income Tax Dept searches two groups in the business of quarry operation
Income Tax Department conducts searches in Kerala The Income Tax Department carried out search and seizure operation on 05.01.2022 on two groups, engaged in the business of quarry operation. More than...
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Income Tax Dept searches 3 real estate developers in AP & Telangana
Income Tax Department conducts searches in Andhra Pradesh (AP) and Telangana The Income Tax Department carried out search and seizure operation on 05.01.2022 on three real estate developers, engaged i...
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ICAI requested CBDT to waive penalty for filing of tax audit reports
Public Relations Committee The Institute of Chartered Accountants of India 10th January, 2022 ICAI Press Release ICAI submits representation to CBDT requesting to consider waiver of penalty for filing...
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Request to extended Tax Audit & Related Return due dates for AY 2021-22
The Punjab Accountants Association has requested FM for Extension of due date for filing Tax Audit Reports and related Returns for AY 2021-22 under IT Act. 1961. They request FM to be kind enough and...
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Request for One Month extension for Tax Audit & related filings
BJP, Economic Cell, Bangalore has requested FM for considering extension of Additional One Month from the relevant Due Dates for submission of Report of Audit and related Filings for AY 2021-22. Bhara...
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Request to extend Tax Audit filing date for Assessment Year 2021-22
Rajya Sabha Member CA N. D. Gupta has requested MS. Nirmala Sitharaman, Union Minister of Finance to extend Tax Audit filing date for Assessment Year 2021-22. He requested to extend the date of filing...
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Extend Due date of filing various Tax Audit Reports at least by two months
Jamshedpur Chartered Accountants Society has made a representation to Finance Minister on Relaxation urgently required in Audit Compliance due to outbreak of COVID-19 once again in the whole country....
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Representation for extension of due dates for filing of TAR/ITR
Lucknow CA Tax Practicioner’s Association has made a representation for extension of due dates for filing of Tax Audit Reports (TAR) and filing of Income Tax Returns (ITRs) under the Income Tax Act 19...
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Request to extend date of filing Income tax audit report & other forms
Chartered Accountants Association, Jalandhar has made a request to FM for Extension of specified date of filing tax audit report and other forms falling due on or before 15th January, 2022. Text of th...