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Anomaly In Limitation date for completion of TP Assessment Proceedings
KSCAA has made a representation highlighting an anomaly in Transfer Pricing Assessment proceedings (TP proceedings’) concerning the AY 2018-19. Full text of their representation is as follows:- KARNAT...
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Shocking! Income Tax CPIO not maintains details of ITR Filed
Recently CA Pallaav Parashar has filed an RTI application with Income Tax Department and asked data of total income tax returns filed between 07th June, 2021 to 21st June, 2021 on new E-filing portal...
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GST Council News Letter for the Month of June 2021
GST NEWSLETTER -JUNE 2021 GST Council Secretariat, New Delhi Highlights of 44 GST Council Meeting The 44th GST Council met on 12 June 2021 under the Chairmanship of Union Finance & Corporate Affairs M...
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Constitution of an Expert Committee on Longevity Finance
Ministry of Finance Posted On: 14 JUL 2021 International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial...
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DGGI booked about 8000 cases involving fake ITC of over Rs. 35000
Ministry of Finance CGST Zones and Directorate General of GST Intelligence booked about 8000 cases involving fake ITC of over Rs. 35000 crore in FY 2020-21 Posted On: 13 JUL 2021 Misuse of the benefic...
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GST Council News Letter for the Month of June 2021
GST NEWSLETTER -JUNE 2021 GST Council Secretariat, New Delhi Highlights of 44 GST Council Meeting The 44th GST Council met on 12 June 2021 under the Chairmanship of Union Finance & Corporate Affairs M...
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Shri Rao Inderjit Singh takes charge as Union Minister of State in Ministry of Corporate Affairs
Ministry of Corporate Affairs Posted On: 12 JUL 2021 Shri Rao Inderjit Singh took charge as Union Minister of State in the Ministry Corporate Affairs (MCA), here today. Before taking charge as Union M...
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Section 35(1)(ii): CBDT approve ‘Patanjali Research Foundation Trust’
CBDT approves M/s Patanjali Research Foundation Trust, Haridwar under the category Research Association for Scientific Research for the purposes of section 35(1)(ii) of Income-tax Act, 1961 read with...
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Guide to DSC Registration at New Income Tax Portal
1. I am attaching herewith two guidelines issued by EMudhra on DSC for Em Signer that will guide you for the same. i . eMudhra emBridge Windows Troubleshooting Guide ii. eMudhra emBridge Windows Insta...
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Exposure Draft of revised AS 102, Share-based Payments
Accounting Standards Board The Institute of Chartered Accountants of India 9th July, 2021 Sub: Exposure Draft of Revised Accounting Standards for Public Comments The Indian Accounting Standards (Ind A...
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Update on New Income Tax eFiling Portal
ICAI is continuously engaged as a stakeholder in streamlining the Portal. We sincerely believe that our concerted actions will help in delivering a glitch free & effective eFiling portal for public us...
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CGST officials bust network of 23 firms for claiming ITC of Rs 91 crore
Ministry of Finance CGST officials bust network of 23 firms for claiming input tax credit of Rs 91 crore Posted On: 11 JUL 2021 Based upon specific intelligence, the officers of the Anti Evasion branc...
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7 RTI Questions & 7 Evasive replies given by GSTN after 4 Years of GST
An attempt to verify robustness of technology driven implementation of biggest tax reforms of independent India through GSTN and success of it’s helpdesk As we all are aware of on 1st July 2017 at the...
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Upcoming functionalities to be deployed on GST Portal in July, 2021
Upcoming functionalities to be deployed on GST Portal for the Taxpayers in the month of July, 2021 As part of our constant endeavour to provide a smooth and hassle free experience to the taxpayers and...
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Section 10(46) exemption to Haryana Building and Other Construction Workers Welfare Board
Vide Notification No. 78/2021-Income Tax | Dated: 9th July , 2021 CBDT notifies Tax Exemption to ‘Haryana Building and Other Construction Workers Welfare Board’ (PAN AAATH6995H), a Board constituted b...
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Handbook on Moratorium under IBC, 2016
ICAI Handbook On Moratorium Under The Insolvency And Bankruptcy Code, 2016 The Insolvency and Bankruptcy Code, 2016 in India has been in implementation phase over the last four years. Being a unitary...
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Handbook on Corporate Insolvency Resolution Process under IBC, 2016
The implementation of the Corporate Insolvency Resolution Process (CIRP) under The Insolvency and Bankruptcy Code, 2016 began when the provisions relating to insolvency and liquidation of corporate pe...
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Handbook on Personal Guarantors to Corporate Debtors under IBC, 2016
ICAI Handbook on Personal Guarantors to Corporate Debtors under The Insolvency and Bankruptcy Code, 2016 The Insolvency and Bankruptcy Code, 2016 was implemented with the provisions relating to insolv...
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Handbook on Resolution Plan Under IBC, 2016
ICAI Handbook On Resolution Plan Under The Insolvency and Bankruptcy Code, 2016 The Insolvency and Bankruptcy Code, 2016 (IBC) has been introduced with the overall objective of promoting entrepreneurs...
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Launch of online filing of application for AEO T2 & AEO T3
Ministry of Finance Posted On: 07 JUL 2021 6:31PM by PIB Delhi Central Board of Indirect Taxes & Customs (CBIC) Chairman Shri M. Ajit Kumar here today inaugurated the online filing of Authorised Econo...