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CBDT notifies Telangana State Pollution Control Board under Section 10(46)
of income Tax Act, 1961 vide Notification No. 88/2022-Income-Tax | Dated: 2nd August, 2022. MINISTRY OF FINANCE Department of Revenue (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 88/2022...
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Income Tax Department searches Healthcare Provider Groups
Income Tax Department conducts searches on Healthcare Provider Groups in Haryana and Delhi-NCR The Income Tax Department carried out search and seizure operations on 27.07.2022 on several groups engag...
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Income Tax Department searches Healthcare Provider Groups
Income Tax Department conducts searches on Healthcare Provider Groups in Haryana and Delhi-NCR The Income Tax Department carried out search and seizure operations on 27.07.2022 on several groups engag...
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Enforcement of Minimum Wages
The provisions of the Minimum Wages Act, 1948, are being enforced by the Central Government and the State Governments in their respective jurisdiction. In the Central sphere the enforcement is done th...
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No charge for web check-in in scheduled domestic airlines
Directorate General of Civil Aviation (DGCA) has issued Air Transport Circular (ATC)-01 of 2021 titled, ‘Unbundle of Services and fees by scheduled airlines’ as per which, some services like preferent...
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Private players can use drones for delivery purposes
Provisional list of 23 PLI beneficiaries released on 6th July 2022 Drones offer tremendous benefits to almost all sectors of the economy. These include – agriculture, vaccine delivery, surveillance, s...
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1,67,080 companies registered in FY 2021-22
43,050 LLPs registered during FY 2020-21 as compared to 42,187 in the previous year Limited Liability Partnership (LLP) and Companies are incorporated under the Ministry of Corporate Affairs as per th...
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Income Tax Department searches Gujarat business conglomerate
Income Tax Department conducts searches in Gujarat The Income Tax Department carried out a search and seizure operation on 20.07.2022 on a prominent business conglomerate engaged in diversified fields...
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Various outreach initiatives to spread financial and tax literacy
Various communication and outreach initiatives to spread financial and tax literacy awareness among masses The Government has launched a series of communication and outreach products aimed at spreadin...
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₹1,48,995 crore gross GST revenue collected in the month of July 2022
GST Revenue collection for July second highest ever & 28% higher than the revenues in the same month last year The gross GST revenue collected in the month of July 2022 is ₹1,48,995 crore of which CGS...
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CBDT amends Income Tax Rule 21AK
CBDT amends Rule 21AK which explains Conditions for Section 10(4E) of Income Tax Act, 1961. CBDT vide Notification No. 87/2022-Income Tax | Dated: 1st August, 2022 inserted the word ‘non-deliverable f...
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CBDT reduces time limit for verification of ITR to 30 days
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Directorate of Systems New Delhi. Notification No. 05 of 2022 | dated : 29.07.2022 Subject: – Reduction of t...
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New record of over 72.42 lakh ITRs filed on 31st July 2022
New record of over 72.42 lakh (7.24m) ITRs filed on a single day About 5.83 crore ITRs filed till 31st July, 2022 The Department expresses its gratitude to taxpayers and tax professionals for making c...
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Reduction of time limit for verification of Income Tax Return (ITR)
with effect from August 1, 2022 The CBDT vide Circular 3/2009 dated 21.05.2009 notified the new Income Tax Return (ITR) forms for Assessment Year 2009-10 and provided the facility of furnishing ITR wh...
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Need for a new legal framework governing Telecommunication in India
Telecommunication has the potential to unleash the true power of India’s economy, accelerate socio-economic transformation and enable achievement of the vision of an “Aatma Nirbhar Bharat”. Telecommun...
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ICAI President’s Message – August 2022
My Dear Professional Colleagues, Ya Esa Suptesu Jagarti. The Motto of our Institute which has been adopted from the Kathopnishad means “that person who is awake in those that sleep”. Similar to the Bh...
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Impact of GST on Agricultural/ Cloth/ Footwear Items
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 1349 TO BE ANSWERED ON MONDAY, JULY 25TH 2022 IMPACT OF GST ON AGRICULTURAL/ CLOTH/ FOOTWEAR ITEMS 1349....
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GST on Milk and Milk Products
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA STARRED QUESTION NO. *111 TO BE ANSWERED ON MONDAY JULY 25TH 2022 GST ON MILK AND MILK PRODUCTS *111. ADV. DEAN KURIAKOSE Will t...
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GST on pre-packaged & labelled food items applies to curd, buttermilk etc.
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO.1209 TO BE ANSWERED ON MONDAY, JULY 25TH 2022 GST ON UNBRANDED FOOD ITEMS 1209. SHRI V.K.SREEKANDAN: Will...
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No recommendation to reduce GST on health care insurance policies
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO.1190 TO BE ANSWERED ON MONDAY, JULY 25TH 2022 GST ON HEALTH INSURANCE 1190. DR. KALANIDHI VEERASWAMY: Will...