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Corporate Bond Markets in India – Challenges and prospects
Reserve Bank of India(Keynote address delivered by Shri T. Rabi Sankar, Deputy Governor, Reserve Bank of India – August 24, 2022 – at the Bombay Chamber of Commerce & Industry, Mumbai)Introduction1. A...
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Dynamics of Inflation in South Asia
Reserve Bank of IndiaDynamics of Inflation in South Asia(Keynote address delivered by Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India – August 24, 2022 – at the SAARCFINANCE Semina...
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Non-availability of LLP Version 3 of MCA- 21 Portal & Filings on V2 portal
Corporate Laws & Corporate Governance CommitteeThe Institute of Chartered Accountants of India27th August, 2022ANNOUNCEMENTSub: Regarding non- availability of LLP Version 3 of the MCA- 21 Portal and C...
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176 candidates allocated region for Income Tax Inspector post
GOVERNMENT OF INDIA DIRECTORATE OF INCOME TAX HUMAN RESOURCE DEVELOPMENT CENTRAL BOARD OF DIRECT TAXES Jawaharlal Nehru Stadium, Second Floor, Lodi Road, New Delhi – 110003. F.No. HRD/ CM/ 127/11/ 202...
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Cabinet approves amendment to export policy for Wheat or Meslin Flour
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi has approved the the proposal for amendment of policy of exemption for Wheat or Meslin Flour (HS Code 1101)...
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Abolish requirements of reporting under Clause 44 of Tax Audit Report: CASS
Chartered Accountants Association, Surat has made a representation to CBDT on Inapt Amendments in Tax Audit Report Form No.3CD with respect to the information sought from Tax Auditors under Clause 44...
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CBDT notifies Andhra Pradesh Pollution Control Board under Section 10(46)
of income Tax Act, 1961 vide Notification No. 103/2022-Income Tax | Dated: 24.08.2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 103/2022-I...
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Representation on issues & disposal of cases under ‘Faceless Appeal Scheme
Gujarat Chamber of Commerce and industries has made a Representation with respect to Hardships / issues faced by the Assessee/taxpayer after introduction of Faceless Appeal Scheme, which require serio...
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Filing of 9 forms in MCA21 Version-3.0 to go live from 01.09.2022
Update on MCA21 Version -3 MCA21 version-3.0 is a technology-driven forward-looking project, envisioned to strengthen enforcement, promote Ease of Doing Business and enhance user experience. MCA21 ver...
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Income Tax Department searches Ceramic Tiles Group in Gujarat
Income Tax Department conducts searches in Gujarat The Income Tax Department carried out a search and seizure operation on 09.08.2022 on a business group primarily engaged in manufacturing and trading...
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Overseas investment rules and regulations notified
Another step towards Ease of Doing Business In line with the amendment in the Foreign Exchange Management Act 2015, Outward Investments Rules have been framed by the Government of India in consultatio...
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Govt to investigate fraudulent misuse of PAN for GST registration
Recent reports in a section of the media have highlighted a case of Sh. Girish Yadav, a resident of Khagaria, Bihar having received a letter from the jurisdictional GST authorities for recovery of GST...
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Carry out due verification before initiating Section 148/147 proceedings: CBDT
Consequent to order passed by Allahabad High Court passing severe strictures and proposing to levy exemplary cost of Rs 50 lakhs in a writ challenging reopening of assessment on wrong facts, CBDT toda...
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Govt designates Special Courts in Chhattisgarh under Black Money Act
Govt designates all the Chief Judicial Magistrate Courts of the State of Chhattisgarh as Special Courts for the purposes of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (...
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CBDT amends rule 17CB to replace words ‘trust or institution’ with ‘specified person’
vide Notification No. 101/2022-Income Tax | Dated: 22nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 101/2022-Income Tax | Dated: 22nd Augu...
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Mandatory E-Filing of Form 10F – Needs Reconsideration
Bombay Chartered Accountants society To, The Chairman, Central Board of Direct Taxes (CBDT) Ministry of Finance, Govt. of India New Delhi. Respected Sir, SUB: MANDATORY E-FILING OF FORM 10F – NEEDS RE...
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Representation on RCM on Residential Property, GTA Declaration & GST Appeal
Maharashtra Tax Practitioners’ Association has made a representation on Confusion related to Levy of GST under RCM on Residential Property, Rejection of Appeal for non-submission of Certified copy of...
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CGST Navi Mumbai arrests one for availing & passing on fake ITC
On 18th August 2022, the Proprietor/mastermind handling the business activities of M/s Mass Steel Traders (GSTIN:27BONPS7020E1ZS), M/s S.K. Enterprises (GSTIN:27DBKPK2919Q1Z1), M/s M K Traders (GSTIN:...
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CGST Bhiwandi arrests 2 persons for bogus invoices of Rs. 55 crore
CGST Bhiwandi Commissionerate arrests two persons for availing and passing on fake ITC on bogus invoices of Rs. 55 crore Officers of CGST Bhiwandi Commissionerate in Mumbai Zone have busted two separa...
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FTAs with developed world an important agenda of Modi government
Ministry of Textiles Free trade agreements (FTAs) with the developed world an important agenda of Modi government: Shri Goyal Textile Industry has a big role in making FTAs a success: Shri Piyush Goya...