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Customs field formations and DRI keep constant vigil to deter smuggling of gold and drugs
The Directorate of Revenue Intelligence (DRI) celebrated its 65th Founding Day on 5th December 2022 in an Inaugural Function held in New Delhi. This was stated by Union Minister of State for Finance S...
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CBDT notifies ITR-7 for AY 2023-24/FY 2022-23
CBDT notifies ITR-7 for Assessment Year 2023-24/Financial Year 2022-23 vide Notification No. 05/2023-Income Tax Dated: 14th February, 2023. MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD O...
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CBDT notifies Income Tax Return Forms for AY 2023-24 well in advance
The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023 dated 10.02.2023 and 14.02.2023. These...
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Details of assets / Cash seized during the search & seizure operations
Seizure of black money The word ‘black money’ is not defined under the Income Tax Act, 1961, Customs Act, 1962, CGST Act, 2017, Central Excise Act, 1944 and erstwhile Chapter V of Finance Act, 2017 (r...
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Demonetisation led to detection of black money & widening of tax base
Demonetisation, inter alia, led to detection of black money, increase in tax collection and widening of tax base: Union MoS for Finance Shri Pankaj Chaudhary Demonetisation, inter alia, led to detecti...
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FAQs on Milestones & Illustrative Permissible Expenses For Reimbursement Under IFSCA (FinTech Incentive) Scheme, 2022
International Financial Services Centres Authority (A statutory authority established by Government of India) FAQs on Milestones & Illustrative Permissible Expenses For Reimbursement Under IFSCA (FinT...
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CBDT notifies ITR forms for AY 2023-24/ FY 2022-23
CBDT notifies Format & Particulars of Income Tax Return Forms ( ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-V) and Income Tax Return Acknowledgement (ITR-V) for Assessment Year 2023-24/F...
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CBI Registers A Case Against An Assistant Commissioner of CGST
Central Bureau of Investigation CBI REGISTERS A CASE AGAINST AN ASSISTANT COMMISSIONER OF CGST & HIS WIFE ON THE ALLEGATIONS OF POSSESSING DISPROPORTIONATE ASSETS AND RECOVERS CASH OF Rs.42 LAKH(APPRO...
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GST Council Newsletter for the month of January 2023
GST Council Secretariat, New Delhi On 26th January, the Country celebrated the 74th Republic Day therein honoring the adoption of our Constitution that has vested the supreme authority of the Republic...
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53 key regulatory reforms undertaken for startup ecosystem
Centre spearheads several initiatives under Ease of Doing Business and Reducing Compliance Burden aimed at creating a conducive business environment The Government is spearheading the initiatives unde...
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Consultation paper on mandatory listing of debt securities of listed issuers
Securities and Exchange Board of India Consultation paper on proposal for introduction of the concept of General Information Document (GID) and Key Information Document (KID), mandatory listing of deb...
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Consultation Paper on Review of Role & Obligations of Mutual Fund Trustees
Securities and Exchange Board of India Consultation Paper on Review of Role and Obligations of Mutual Fund Trustees Feb 09, 2023 | Reports : Reports for Public Comments 1. Objective To solicit public...
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MCA- 21 V3 Portal – Common issues/concerns/ technical glitches
The Institute of Company Secretaries Of India MCA: 2023 February 10, 2023 Shri Manoj Govil, IAS Secretary Ministry of Corporate Affairs Government of India Shastri Bhawan New Delhi -110001 Subject: Fu...
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Gross Direct Tax Collections for F.Y. 2022-23 – 24.09% higher than last year as on 10.02.2023
Direct Tax Collections for F.Y. 2022-23 at ₹15.67 lakh crore – 24.09% higher than gross collections for corresponding period of last year as on 10.02.2023 Direct Tax collection, net of refunds, stands...
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Exposure Draft on Guidance Note on Financial Statements of LLPs
Exposure Draft Guidance Note on Financial Statements of Limited Liability Partnerships Comments to be received by March 8, 2023) The Institute of Chartered Accountants of India (Set up by an Act of Pa...
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Exposure Draft on Guidance Note on Financial Statements of Non-Corporate Entities
Exposure Draft Guidance Note on Financial Statements of Non-Corporate Entities (Comments to be received by March 8, 2023) The Institute of Chartered Accountants of India (Set up by an Act of Parliamen...
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List of Banks For Income Tax Payments on NSDL & e-Filing Portal
Updated List of banks for tax payments available at e-Pay Tax service at e-Filing Portal and OLTAS e-Payment of Taxes at Protean (previously NSDL): List of banks for tax payments available at e-Pay Ta...
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Classification of Liabilities as Current or Non-current & Non-current Liabilities with Covenants
ED/ Ind AS 1/2022/2 Exposure Draft Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants Amendments to Ind AS 1 (Last date for Comments has been extended t...
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ICAI Exposure Draft Lease Liability in a Sale and Leaseback
The Institute of Chartered Accountants of India Exposure Draft Lease Liability in a Sale and Leaseback (Amendments to Ind AS 116) Following is the Exposure Draft of the Amendments to Ind AS 116, Lease...
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Centralised Processing of Equalisation Levy Statement Scheme, 2023
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi Notification No. 03/2023-Income Tax | Dated: 7th February, 2023 S.O. 614(E).—In exercise of the power...