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Section 10(46) exemption to ‘Punjab State Electricity Regulatory Commission
Vide Notification No. 121/2021-Income Tax | Dated: 13th October, 2021 CBDT notifies Tax Exemption under section 10(46) to ‘Punjab State Electricity Regulatory Commission’, Chandigarh in respect of the...
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Relaxation of Validation (section 119 of Finance Act, 2012) Rules, 2021
MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 120/2021-Income Tax | Dated: 13th October, 2021 G.S.R. 737(E).—In exercise of the powers conferred...
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Make the word ’Affiliate Entity’ integral part of proposed E-commerce Rules: CAAT
In an important communication sent to @CimGOI Shri @PiyushGoyal today, we have urged the Govt to ensure that the word ‘Affiliate Entity’ must be made an integral part of the proposed E-commerce Rules...
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CBDT exempts certain class of persons from furnishing return of income
Exemption to class of persons from the requirement of furnishing a return of income from assessment year 2021 2022 onwards vide Notification No. 119/2021-Income Tax | Dated: 11th October, 2021 Ministr...
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Govt blocks ITC of over Rs 6.14 Lakh Crores under Rule 86A: RTI
An RTI reveals that Whopping 6.14 lac crore ITC blocked under rule 86A of CGST Rules, 2017 out of which 2.96 lac Crore is blocked for more then 1 year in utter disregard of rule 86A(3). Read Full text...
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Transfer/postings of officers in the grade of CIT/DIT
F. No. A-22011/7/2021-Ad-VI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi -110 001 Dated: 08.10.2021 Office Order No. 270 of 2021 T...
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ICSI clarifies ICSI UDIN Guidelines 2019
Institute of Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) 6th October, 2021 De...
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Important Upcoming GST System Enhancement
Returns ♦ Auto-Interest Computation in R-3B/CMP-8/R-5 ♦ Negative Liability in GSTR-3B ♦ Changes in Comparison Report Refunds ♦ Converting IGST Refund withheld cases at ICEGATE into RFD-01 ♦ Refund of...
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GST Council Newsletter September 2021
Highlights of 45 GST Council Meeting Recommendations of 45 GST Council Meeting Several people centric decisions taken by GST Council The 45th meeting of the GST Council was held on 17.09.2021 at Luckn...
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Working on a ‘need basis’ cannot be considered as regular employment for IP Registration
On careful consideration of the instant application, it is observed that the applicant is possessing staggered and overlapping experience with multiple entities. It is noted that he was the partner /...
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Representation on Erroneous Intimations Issued U/S 143(1)(A) of Income Tax Act, 1961
KARNATAKA STATE CHARTERED ACCOUNTANTS ASSOCIATION (R) 7th October, 2021′ Ads by To, Shri. J B Mohapatra The Chairman Central Board of Direct Taxes New Delhi SUB: ERRONEOUS INTIMATIONS ISSUED U/S 143(1...
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CAIT demands CBI investigation against Amazon’s alleged bribery scandal
In a very important communication sent to Government, Confederation of All India Traders (CAIT( has explained with facts that Amazon’s clarification on legal & Professional charges are completely base...
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More than 2 trillion transactions processed using Aadhar last year
Ministry of Commerce & Industry “At 87%, India has the highest FinTech adoption rate in the world against the global average of 64%”: Shri Piyush Goyal India poised to become one of the largest digita...
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Government approves continuation of NEIA scheme
Ministry of Commerce & Industry Government approves continuation of the National Export Insurance Account (NEIA) scheme and infusion of Rs. 1,650 crore Grant-in-Aid over 5 years Capital infusion in NE...
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More than 22000 compliances reduced in Government.
Ministry of Commerce & Industry 103 offences decriminalized and 327 redundant provisions/laws removed by the Centre Exercise being carried out by Centre to simplify, decriminalize & remove redundant l...
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New online system of MSME/Udyam Registration crosses 50 lakh mark
Ministry of Micro, Small & Medium Enterprises Posted On: 28 SEP 2021 New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time and...
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Consultation Paper Review of Price Band and Book Building Framework for public issues
Securities and Exchange Board of India 1. Objective: The objective of this consultation paper is to seek comments from the public on Securities and Exchange Board of India (Issue of Capital and Disclo...
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Request for Information: Post-implementation Review of IFRS 9-Classification and Measurement
Accounting Standards Board The Institute of Chartered Accountants of India 5th October, 2021 Indian Accounting Standards (Ind AS) are based on the IFRS Standards issued by the International Accounting...
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Credit Anti-profiteering penalties in the Consumer Welfare Fund
Pradeep Mehta 29th September, 2021, New Delhi Leading consumer and public policy research and advocacy group, CUTS International has requested the Finance Minister, Ms Nirmala Sitharaman that penaltie...
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Extension of last date of filing of Cost Audit Report to Board of Directors
General Circular No. 15/2021 F. No.01/40/2013-CL-V (Pt.I) Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan, Dr. R.P. Road, New Delhi-110001. Dated:- 27th September,...