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CBDT constitutes Collegium for deciding appeal deferment by AO U/s. 158AB
F. No. 370133/13/2022-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi, dated 28th September, 2022 ORDER Sub: Order specifying t...
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Rule 132 – Application for recomputation of income under section 155(18)
CBDT notifies new Income Tax Application for recomputation of income under sub-section (18) of section 155, Form No. 69 –Application for recomputation of income under sub-section (18) of section 155 a...
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Amendment in Guidelines for Compulsory Scrutiny of Income Tax Returns during F.Y 2022-23
F.No.225/ 81/2022/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA-II division) North Block, New Delhi, the 26th, September, 2022 To All Pr. Chie...
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What is Filing Of 1042 Form?
Forms 1042, 1042-S, and 1042-T are U.S I.R.S taxation forms dealing with dealings with foreign persons, including non-resident aliens, foreign entities, etc. Forms 1042 and 1042-S need to be filed sep...
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India-UAE CEPA makes significant positive impact on India-UAE trade
Post India- UAE CEPA, India’s non-petroleum exports to UAE grow by 14% Year-on-Year during June-August 2022 Growth in exports achieved amidst significant global macroeconomic headwinds India-UAE CEPA...
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Foreign Trade Policy extended for six months
The government has received requests from Export Promotion Councils and leading exporters that we should continue with current Foreign Trade Policy (2015-20), which had been extended from time to time...
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RFP for Concurrent Audit of investments of POLIF & RPOLIF
Government of India Ministry of Communications Department of Posts (Directorate of Postal Life Insurance) 1st Floor, Chanakyapuri Post Office Complex, New Delhi -110021 Invitation for REQUEST FOR PROP...
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CBDT extends time for filing of modified ITR in Form ITR-A
CBDT extends timeline for filing of modified ITR in Form ITR-A by a successor company under section 170A of Income Tax Act till March 31, 2023. F.No. 370142/41/2022-TPL Government of India Ministry of...
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Homebuyers Benefited from RERA but a long way to go
The Real Estate Regulation & Development Act, 2016 (RERA) was passed in the Parliament in March 2016 & it came into effect from 1st May 2016. In May 2022, RERA completed 6 Years. RERA law, various dec...
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No change in Export Policy of Par Boiled Rice and Basmati Rice
India’s Rice availability position is comfortable “Prohibited” status of Broken Rice ensures domestic food security and feed availability Domestic price of rice under check No change in Export Policy...
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Request for granting exemption from delayed filing fee for DIR 3KYC & KYC web
The Institute of Company Secretaries of India MCA: 2022 | August 26, 2022 Shri Tarun Bajaj, IAS Secretary Ministry of Corporate Affairs & Department of Revenue Government of India Shastri Bhawan New D...
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Request to issue SOP to officers to improve effectiveness of Video Conference proceedings in faceless regime
KARNATAKA STATE CHARTERED ACCOUNTANTS ASSOCIATION (R) Date: Saturday, September 24, 2022 To, Smt. Nirmala Sitharaman Hon. Union Minister of Finance and Corporate Affairs Government of India Hon’ble Ma...
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ED attached assets worth Rs. 2747.69 Crore in ABG Shipyard Limited case
Directorate of Enforcement (ED) has attached assets worth Rs. 2747.69 Crore in ABG Shipyard Limited case Press Release 22.09.2022 Directorate of Enforcement (ED) has attached assets worth Rs. 2747.69...
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Fact Sheet on Amendment in India’s export policy on Rice
Recent changes in India’s rice-export rules have helped keep a check on domestic prices without reducing the availability for exports. The changes have been done keeping in mind the need to support th...
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CA Firms mandated to assess their current level of maturity model using AQMM
Public Relations Committee The Institute of Chartered Accountants of India 21st September, 2022 ICAI Press Release Firms mandated to assess their current level of maturity model using Audit Quality Ma...
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Representation to extend due date of filing of Income Tax Audit reports
Representation to extend the due date of filing of Audit reports under Income Tax Act, 1961, from 30th September, 2022 to 31st October, 2022. ALL INDIA FEDERATION OF TAX PRACTITIONERS Dated: September...
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Technical Guide on Audit of Charitable Institutions under Section 12A of Income-tax Act, 1961
ICAI Technical Guide on Audit of Charitable Institutions under Section 12A of Income-tax Act, 1961 Dynamics of the income-tax law, compel sharpening of skill sets in the arena for effective performanc...
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Clarification on Media Reports regarding Oil Ministry seeks windfall tax review
There have been some media reports which states that ‘Oil Ministry seeks windfall tax review’. The reports, quoting Ministry of Petroleum & Natural Gas’ letter of August, 2022 have stated that the Min...
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Transfer/postings of 155 officers in the grade of Pr. CIT/Pr. DIT
Office Order No. 204 of 2022, Dated: 19.09.2022 transfer/postings of 155 officers in the grade of Principal Commissioner of Income Tax/ Principal Director of Income Tax (Pr. CIT/Pr. DIT). F.No.A.22011...
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83 transfer/postings in the grade of CCIT/DGIT
Office Order No. 203 of 2022-Income Tax Dated: 19.09.2022 on transfer/postings of 83 officers in the grade of Chief Commissioner of Income Tax/ Director Generals of Income Tax (CCIT/DGIT). F. No. A-22...