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Scheme Launched by Government for MSMEs
Government has launched a World Bank supported Central Sector Scheme called Raising and Accelerating MSME Performance (RAMP). The scheme aims at strengthening institutions and governance at the Centre...
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Major reasons for weakening of Indian Rupee against US Dollar
Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial conditions are major reasons for weakening of Indian Rupee against the US Dollar While the Indian Rupee has weakene...
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ICSI: One-time special window to accept Annual Membership/COP fees
THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) 22nd July 2022 D...
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Representation to extend due date of filing ITR to 31st August, 2022
Representation to extend the due date of filing Income Tax Returns u/s 139(1) of the Income Tax Act, 1961 in non-audit cases from 31st July, 2022 to 31st August, 2022 by Sikar Tax Bar Association. Sik...
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Another 60 days window to apply for Transitional credits under GST
The Hon’ble Supreme Court of India in the case of Filco Trade Centres Pvt Ltd on 22 July 2022, has awarded the order in the favour of assessee and ordered the department to provide the facility for al...
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ICAI not in favor of making Representation for ITR Due Date Extension
Dear Professional Colleague, As you may be kindly aware that the due date to file ITR Forms for certain assessees as specified in clause (c) of Explanation 2 to section 139(1) of the Income-tax Act, 1...
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Request to Extend Due date of Income Tax Returns and Tax Audit
Representation by BJP Professional cell, Mumbai for extension of due date for filing ITR for AY 2022-23 and Tax Audit pursuant to system glitches by 3 months including that of Registration of company...
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Income Tax Department conducts searches in Mumbai
Income Tax Department carried out a search and seizure operation on 05.07.2022 on a group engaged in agro and textile business, and another group of entry operators. A total of 27 premises were covere...
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Representation to Extend ITR Due Date of Non Audit Case for AY 2022-23
Representation to Extend ITR Due date for filing Income Tax Return u/s 139(1) for the assessee not required to get the books of accounts audited for the Assessment Year 2022-23 should be extended at l...
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Request to amend section 151 Sanctioning Authority for reassessment
Humble Representation for modification of Section 151 of the Income Tax Act relating to Sanction for issue of Notice under sec. 148/148A w.e.f. 1st April, 2021 DIRECT TAXES PROFESSIONALS’ ASSOCIATION...
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163rd Income Tax Day: A journey towards Nation Building
The 163rd anniversary of Income Tax Day was observed by Central Board of Direct Taxes (CBDT) and all its field offices across India today. As part of the celebrations, the field formations held a numb...
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Judgment of SC not alter constitutional mechanism of GST Council
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA UNSTARRED QUESTION NO. 203 ANSWERED ON – 19.07.2022 Judgement of Supreme Court on the GST Council 203 Dr. Amar Patnaik: Will t...
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CBDT notifies Prescribed Authority for e-Verification Scheme, 2021
CBDT authorises the DGIT, Directors of Income-tax, Additional Directors of Income-tax, Joint Directors of Income-tax, Deputy Directors of Income-tax, Assistant Directors of Income-tax, Income Tax Offi...
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CBDT notifies CPPIB Credit Investments VI Inc. as a Pension Fund
under section 10(23FE)(c)(iv) vide Notification No. 86/2022-Income-tax | Dated: 21st July, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No....
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CBDT notifies Odisha Electricity Regulatory Commission under Section 10(46)
of income Tax Act, 1961 vide Notification No. 85/2022-Income-Tax | Dated: 21st July, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 21st July, 2022 No...
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RERA orders 17 Builders to Refund 50 Crores to Home Buyers
Haryana Real Estate Regulatory Authority (HRERA) have ordered 17 Builders, to refund Rs. 50 Crores to the homebuyers of various construction projects for non-delivering the projects well on time. HRER...
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145956 Complaints received in Consumer Commissions in 2021-22
, 99903 Complaints disposed The Union Minister of State for Consumer Affairs, Food and Public Distribution, Shri Ashwini Kumar Choubey in a written reply to a question in Rajya Sabha today informed th...
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Advisory concerning sale of Ayurvedic, Siddha and Unani drugs
CCPA issues Advisory to e-commerce platforms on sale of Ayurvedic, Siddha and Unani drugs – E-commerce platforms asked to sell such drugs only after a valid prescription of a registered Ayurveda, Sidd...
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PLI in White Goods a win-win for India, Industry and People: Shri Goyal
Shri Piyush Goyal asks White goods industry to become global champions; says PLI scheme meant to give only the initial push in that direction; PLI in White Goods a win-win for India, Industry and Peop...
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More than 4500 startups recognized under emerging technologies
Due to proactive government interventions, Startups have grown from 471 in 2016 to 72,993 in 2022 Startups spread across 56 diversified sectors More than 4500 startups recognized under emerging techno...