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Income-tax payer cannot Join Atal Pension Yojana wef 1st October 2022
Government notified that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join Atal Pension Yojana (APY). In case a subscriber, who joined on or afte...
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Books of accounts to be maintained by university, charitable/medical institutions
CBDT notifies Income tax rules 17AA. Books of account and other documents to be kept and maintained by institution or trust or any university or other educational institution or any hospital or other...
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Income Tax Department searches gems & jewellery group in Rajasthan
Income Tax Department conducts searches in Rajasthan The Income Tax Department carried out a search operation on 03.08.2022 on a Jaipur based group, engaged in the business of gems and jewellery, hosp...
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Income Tax Department conducts searches in Madhya Pradesh
The Income Tax Department carried out a search operation on 14.07.2022 on a group engaged in the business of mining, sugar manufacturing and liquor. The key person of the group is also occupying a pol...
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Various steps taken by Government to increase tax collection
Various measures taken by Government contribute to increase in tax collection Various factors like rapid economic recovery post COVID, better compliances due to various measures taken by Government ha...
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Income Tax searches people related to film Industry in Tamil Nadu
Income Tax Department conducts searches in Tamil Nadu The Income Tax Department carried out search and seizure operations on 02.08.2022 in the cases of certain producers, distributors, and financiers...
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Govt have no role in corporate insolvency resolution process (CIRP)
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 3536 ANSWERED ON MONDAY THE 8TH AUGUST, 2022 SRAVANA 17, 1944 (SAKA) REPAYMENT OF LOANS UNDER IBC QUESTION 3536. SHRI...
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No rule making power for Voluntary liquidation for corporate persons in IBC 2016
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 3492 ANSWERED ON MONDAY THE 8TH AUGUST, 2022 SRAVANA 17, 1944 (SAKA) VOLUNTARY WINDING UP OF COMPANIES QUESTION 3492....
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Supreme Audit Institutions should engage with media, citizens & anti-corruption agencies: CAG
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA Supreme Audit Institutions should engage with media, citizens and anti-corruption agencies Engagement of Supreme Audit Institutions (CAGs) should...
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All 4 PSU insurers incurred losses in health insurance business in 2016-17 to 2020-21
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA New Delhi | 5th August 2022 Audit Report on Third Party Administrators in Health Insurance business of Public Sector Insurance Companies tabled i...
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No provision to re-seal property already auctioned by nationalized banks
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO.3629 TO BE ANSWERED ON Monday, August, 8, 2022 Re-sealing of Property by Banks 3629. SHRI GOPAL...
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8 measures to protect people from Ponzi Schemes
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO. 3615 ANSWERED ON MONDAY, 8th AUGUST, 2022/ SRAVANA 17, 1943 (SAKA) PONZI SCHEMES 3615: SHRI RA...
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ED searches Director of WazirX Crypto-Currency Exchange
ED searches the Director of WazirX Crypto-Currency Exchange & freezes its Bank assets worth Rs 64.67 Crore for assisting accused Instant Loan APP Companies in laundering of fraud money via purchase &...
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Functionality to search and view Advance Ruling Orders under GST
Functionality to search and view Advance Ruling Orders ♦ Earlier, there was no functionality available to search for the Advance Ruling Orders issued by the Authority / Appellate Authority for Advance...
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Option in Form RFD-01 to get refund arising out of excess payment in GSTR 4
, for Taxpayer under Composition levy • Earlier the taxpayers who had opted for Composition levy were not able to file for refund in Form GST RFD-01 under refund category ‘Excess payment of Tax, if an...
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Taxpayer allowed to enter multiple trade names for a single GST registration
Allow taxpayer to enter multiple trade names · Earlier only a single Trade Name was being captured during New GST Registrations and subsequent amendment in core field for Normal Taxpayer on the Portal...
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System verified flow of ITC & Simple GST Return yet to be implemented: CAG
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA NEW DELHI | 8th AUGUST, 2022 AUDIT REPORT NO. 5 ON GST PRESENTED Compliance Audit Report of the Comptroller and Auditor General of India on Goods...
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4,32,796 companies struck off down during last five years
Ministry of Corporate Affairs Posted On: 08 AUG 2022 7:08PM by PIB Delhi Section 248 of the Companies Act, 2013 (the Act) provides for removal of name of company from the Register of companies, if it...
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Maharashtra GST busts fake ITC racket
Operator of three firms arrested for fake bills worth Rs.231.49 cr.Maharashtra Goods & Service Tax Department has arrested Mr. Brijesh Vanitlal Shah, age- 48, operator of M/s. Om Impex and two other f...
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CAG report on Income Tax Exemptions to Charitable Trusts & Institutions
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIANEW DELHI | 8th AUGUST, 2022PERFORMANCE AUDIT ON EXEMPTIONS TO CHARITABLE TRUSTS AND INSTITUTIONS TABLEDThe Comptroller & Auditor General of India...