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Income Tax Department conducts searches in Delhi and Mumbai
Income Tax Department carried out a search and seizure operation on 07.07.2022 on a Delhi and Mumbai based group, engaged in the business of hospitality, marble, lights trading and real estate. A tota...
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Comprehensive changes in FORM GSTR-3B
A proposal of comprehensive changes in FORM GSTR-3B was deliberated by the GST Council in its 47th meeting held at Chandigarh on 28th and 29th June 2022. The Council recommended that the said proposal...
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GST Fraud of Rs 52.04 crore – DGGI Gurugram arrests one person
DGGI Gurugram arrests one person for fraudulently availing ITC and evading GST of Rs 52.04 crore The Gurugram Zonal Unit (GZU) of Directorate General of GST Intelligence (DGGI), has arrested one perso...
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Brief note on ‘e-proceedings’ and ‘Faceless Assessment
Brief note on e-proceedings and Faceless Assessment Note on e–Proceedings (For cases under International Taxation and Central Charges) 1. As a part of e-governance initiative, to facilitate conduct of...
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Income Tax Dept searches 2 real estate groups of Bengaluru & Hyderabad
Income Tax Department carried out search and seizure operations on two leading real estate groups of Bengaluru and Hyderabad, engaged in the business of construction/sale/leasing of commercial/residen...
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DRI unearths Customs duty evasion of Rs. 4389 crore by Oppo India
During an investigation pertaining to M/s Oppo Mobiles India Private Limited (hereinafter referred to as ‘Oppo India’), a subsidiary company of “Guangdong Oppo Mobile Telecommunications Corporation Lt...
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CBDT notifies rule & form for Application to defer filing of appeal before HC & ITAT
CBDT notifies Income Tax Rule 16. Application under section 158AB to defer filing of appeal before the Appellate Tribunal or the jurisdictional High Court and inserts new Form No. 8A vide Notification...
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Process of filing application for approval/renewal of Electoral Trust u/s 2(22AAA)
F.No. 173/62/2022-ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA-1 Division) ***** New Delhi, Dated the 11th July, 2022 Sub:- Standardizing the...
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ED searches 48 locations belonging to VIVO Mobiles
Enforcement Directorate Press Release 07.07.2022 Note on searches by ED at Vivo India, GPICPL and Others ED has carried out searches at 48 locations across the country belonging to VIVO Mobiles India...
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AI-based software to detect illegal constructions on defence land
DGDE develops AI-based software to detect unauthorised constructions & encroachments on defence land Centre of Excellence on Satellite & Unmanned Remote Vehicle Initiative (CoE-SURVEI) has developed a...
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Govt advisory to public on proper use of wireless jammer, booster
Department of Telecom issues advisory to public on proper use of wireless jammer, booster Warns e-commerce platforms on illegal facilitation & sale of wireless jammers Department of Telecommunications...
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ED searches 48 locations belonging to VIVO Mobiles
Enforcement Directorate Press Release 07.07.2022 Note on searches by ED at Vivo India, GPICPL and Others ED has carried out searches at 48 locations across the country belonging to VIVO Mobiles India...
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ED attached 16 properties of Dreamz Infra India Ltd. & others
ED has provisionally attached 16 immovable properties worth Rs. 137.60 Crore, in the case of Dreamz Infra India Ltd. and others, under PMLA, 2002 Press Release 04.07.2022 Directorate of Enforcement (E...
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Applicability of Insider Trading Regulations to Mutual Fund units
Securities and Exchange Board of India Consultation Paper on applicability of SEBI (Prohibition of Insider Trading), Regulations, 2015 to Mutual Fund (MF) units 1. Objective The objective of this cons...
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ED imposes penalty on Amnesty India & its CEO Aakar Patel
The Adjudicating Authority of ED has adjudicated a SCN issued to M/s Amnesty India International Pvt. Ltd.(AIIPL) and its CEO Shri Aakar Patel for contravention of the provisions of FEMA and imposed p...
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ICSI Council Election : Addresses of Polling Booths
THE INSTITUTE OF Company Secretaries of India IN PURSENT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of parliament (Under the jurisdiction of Ministry of Corporate Affairs) 4th July, 2022 N...
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Rules on Ceiling on Election Expenses of ICAI Candidates
The Institute of Chartered Accountants of India BYE-ELECTION – 2022 ANNOUNCEMENT CEILING ON ELECTION EXPENSES FOR ATTENTION OF CANDIDATES FOR BYE-ELECTION TO FILL ONE CASUAL VACANCY ON THE TWENTY FIFT...
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Negative balance in cash ledgers of composition taxpayers nullified
Goods and Services Tax Removal of negative balance in cash ledgers of some composition taxpayers 08/07/2022 Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance...
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GST Council Newsletter for the month of June, 2022
The 47th GST Council met under the chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Chandigarh on 28th and 29th of June, 2022. The meeting was also attended by...
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DGGI-MZU busts Fake GST ITC of ₹35.11 Crores
The Mumbai Zonal Unit of the Directorate General of GST Intelligence [DGGI-MZU] on Saturday, 2 July 2022 arrested Amanpuneet Singh Kohli, Director of M/s. Immensa Multiventures Pvt. Ltd. and six other...