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ITR & TAR not capture details of export & import by Gems & Jewellery sector: CAG
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIANEW DELHI | 8th AUGUST, 2022PERFORMANCE AUDIT ON ASSESSMENT OF ASSESSEES OF GEMS AND JEWELLERY SECTOR TABLEDThe Comptroller & Auditor General of I...
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TDS Rate Chart for Financial Year 2022-2023
Article explains TDS Rates for Financial year 2022-23 i.e. Assessment Year 2023-24 under Income Tax Act, 1961. Article contains TDS Rate Chart, Threshold limit for TDS deduction, Rate of Surcharge, Ce...
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Exposure Draft of Compendium of Social Audit Standards – for Comments
Sustainability Reporting Standards Board The Institute of Chartered Accountants of India 5th August, 2022 “Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third...
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Technical Guide on Filing Forms for LLPs and Companies
ICAI Technical Guide on Filing Forms for LLPs and Companies#1: Form-11 (Annual Return of LLPs) The Ministry of Corporate Affairs (MCA) is in the process of upgrading the MCA 21 portal to a newer Versi...
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One arrested for fraudulently availing ITC of more than Rs 50 crore
CGST Delhi West officials arrest one for fraudulently availing ITC of more than Rs 50 crore On the basis of an alert, an investigation against M/s Niyati Steels has been undertaken by CGST Delhi West...
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Advisory for Anonymised Escalation Mechanism for delayed Bill of Entry
Directorate General of Systems and Data Management CENTRAL BOARD OF INDIRECT TAXES & CUSTOMS Date: 2nd August 2022 Category: Customs Issued by: ICEGATE Subject: Advisory for Anonymised Escalation Mech...
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SOP for Faceless Income Tax Assessment under Section 144B
Standard Operating Procedure (SOP) for Assessment Unit (AU), Verification Unit (VU), Technical Unit (TU) and Review Unit (RU) under the Faceless Assessment provisions of Section 144B of the Income-tax...
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CBDT notifies Qatar Holding LLC as sovereign wealth fund U/s. 10(23FE)
CBDT notifies sovereign wealth fund, namely, Qatar Holding LLC vide Notification No. 93/2022-Income Tax | Dated: 5th August, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT...
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CBDT notifies conditions for exemption to money received from employer or other person in Covid cases by family of deceased
CBDT specifies conditions for exemption to money received from employer or other person in Covid cases by family of deceased ide Notification No. 92/2022-Income Tax | Dated: 5th August, 2022. Clause (...
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Amount received for Covid-19 Treatment from any person- CBDT notifies conditions & Forms
Clause (XII) of the first proviso of clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 provides that any sum of money received by an individual, from any person, in respect of an...
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Document to be submitted by employee to claim exemption on sum received for COVID-19 treatment
CBDT specifies Document to be submitted by employee to claim exemption on sum received for COVID-19 treatment vide Notification No. 90/2022-Income Tax, Dated: 05.08.2022 Ministry of Finance (Departmen...
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Income Tax searches an ex-fund manager in Mumbai
Income Tax Department conducts searches in Mumbai The Income Tax Department carried out a search and seizure operation on 28.07.2022 on an ex-fund manager and chief trader of equities of a prominent m...
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Draft IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2022
Insurance Regulatory and Development Authority of India EXPOSURE DRAFT INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (REGULATORY SANDBOX) (AMENDMENT) REGULATIONS, 2022 1. The Authority has n...
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Delayed payment to MSMEs – MCA introduced MSME Form-1
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 2374 ANSWERED ON MONDAY, August 1, 2022/ Sravana 10, 1944 (SAKA) COMPLIANCE OF MCA RULES QUESTION 2374. SHRI D.M. KA...
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NFRA Rule 13 – Punishment in case of non-compliance
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 2487 ANSWERED ON MONDAY THE 1ST AUGUST, 2022 {SRAVAN 10, 1944 (SAKA)} AMENDMENTS TO NFRA RULES QUESTION 2487. MS. LOC...
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Narcotics Bureau busts illicit drug manufacturing kitchen lab at Karnal
Central Bureau of Narcotics busts illicit drug manufacturing kitchen lab at Karnal, Haryana Acting on the said specific information, officers of Central Bureau of Narcotics, New Delhi, raided on 05/07...
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MCA notice on Verification of Investors Claims of Heera Group
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS SERIOUS FRAUD INVESTIGATION OFFICE REGIONAL OFFICE : HYDERABAD Survey No. 127/1,4th Floor, Corporate Bhawan, Tattiannaram Village, Bandlaguda, Hyderab...
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Parliament passes National Anti-Doping Bill 2022
Parliament passes the National Anti-Doping Bill 2022 to provide for the constitution of National Anti-Doping agency as a statutory body for regulating anti-doping activities in sports It is a landmark...
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CCPA issues 24 notices for unfair trade practices against e-commerce companies
CCPA issues two Safety Notices to alert and make consumers cautious against buying household goods that do not conform to the Bureau of Indian Standards The Union Minister of State for Consumer Affair...
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ICAI withdraws Guide to Reporting on Proforma Financial Statements
Auditing and Assurance Standards Board The Institute of Chartered Accountants of India 4th, August 2022 ANNOUNCEMENT Withdrawal of the Guide to Reporting on Proforma Financial Statements (Pursuant to...