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Advisory for Anonymised Escalation Mechanism under Faceless Assessment
Directorate General of Systems and Data Management CENTRAL BOARD OF INDIRECT TAXES & CUSTOMS Date: 28th June 2022 Category: Customs Issued by: ICEGATE Subject: Advisory for Anonymised Escalation Mecha...
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CBDT amends Notification No. 60/2014 vide Notification No. 82/2022-Income Tax
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 8th July, 2022 Notification No. 82/2022-Income Tax S.O. 3148(E).—In exercise of the powers conferred by secti...
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Section 10(46) exemption to Bihar Electricity Regulatory Commission
Notification No. 81/2022-Income Tax, Dated: 08.06.2022- Central Government notifies ‘Bihar Electricity Regulatory Commission’ constituted by State Government of Bihar in respect of the specified incom...
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Income Tax Rule 21AL Other Conditions required to be fulfilled by original fund
CBDT notifies new Income Tax Rule 21AL Other Conditions required to be fulfilled by original fund vide Notification No. 80/2022- Income Tax Dated: 8th July, 2022. MINISTRY OF FINANCE (Department of Re...
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CBDT notifies ‘Uttar Pradesh Electricity Regulatory Commission’ – Section 10(46)
CBDT notifies ‘Uttar Pradesh Electricity Regulatory Commission’ under Section 10(46) of Income-tax Act, 1961 vide Notification No. 79/2022- Income Tax | Dated: 6th July, 2022. MINISTRY OF FINANCE (Dep...
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Extend due dates of Income tax returns from 31.07.2022 to 31.08.2022
Request for Extension of due dates of Income tax returns for salaried and non-corporate (not subject to audit) taxpayers from 31.07.2022 to 31.08.2022 GUJARAT CHAMBER OF COMMERCE AND INDUSTRY Pathik S...
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Income Tax dept searches Pharma Manufacturers & Distributors
Income Tax Department conducts searches on Pharmaceutical Manufacturers and Distributors in Haryana and Delhi-NCR The Income Tax Department carried out search and seizure operations on 29.06.2022 on a...
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Income Tax Dept searches mining group in Odisha
The Income Tax Department carried out search and seizure operations on a group engaged in the business of mining, processing and trading of black stones. The search operation covered more than 15 prem...
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GSTN advisories does not carry any legal binding on CBIC- RTI Reply
GOODS AND SERVICES TAX NETWORK File No. CPIO/RTI/2022/GSTN/109 Dated: 23-06-2022 To, Shri Ram Bajaj, Sub: Your RTI Application No. CRECE/R/T/22/00612 and CBECE/R/T/22/00613 and CBECE/R/T/22/00613 date...
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CCI Approves Acquisition of Citrix Systems, Inc.
The Competition Commission of India (CCI) has approved the acquisition of Citrix Systems, Inc. (Citrix) by funds managed by Vista Equity Partners Management, LLC (Vista) and funds and investment vehic...
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Hotels or restaurants cannot add service charge automatically in Food Bill
No hotels or restaurants can add service charge automatically or by default in the food bill: Consumer Affairs Ministry. Central Consumer Protection Authority (CCPA) issues guidelines for preventing u...
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Ranking of States on Support to Startup Ecosystems released
Results of Ranking of States’ Exercise 2021 on support to Start-up Ecosystems declared Gujarat and Karnataka adjudged Best Performers among states; Meghalaya is the Best Performers among UTs and North...
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Tata Steel Long Products Limited takes over Neelachal Ispat
Strategic Disinvestment of Neelachal Ispat Nigam Limited (NINL) completed Tata Steel Long Products Limited takes over NINL Neelachal Ispat Nigam Limited (NINL) is a Joint Venture of 4 CPSEs, namely MM...
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Draft Revised ‘Guidance Note on Tax Audit under section 44AB
Direct Taxes Committee (DTC) The Institute of Chartered Accountants of India 5th July 2022 Sub: Exposure Draft of Revised ‘Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961’ fo...
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Compendium of Ind AS (as on April 01, 2022) and Guidance Material
Dear Professional Colleague, Namaste! We are pleased to share that the Accounting Standards Board (ASB) of ICAI has released Compendium of Indian Accounting Standards (Ind AS) (as on April 01, 2022) a...
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Educational Material on Ind AS 34, Interim Financial Reporting
Accounting Standards Board The Institute of Chartered Accountants of India 4th July 2022 ANNOUNCEMENT Release of Educational Material on Ind AS 34, Interim Financial Reporting An interim financial rep...
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Corrigendum Notification No. 78/2022-Income Tax, Dated: 04.07.2022
CBDT issues Corrigendum Notification No. 78/2022-Income Tax, Dated: 04.07.2022 to rectify mistakes in Notification No. 60/2022-Income Tax | Dated: 10th June, 2022 MINISTRY OF FINANCE (Department of Re...
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CBI Arrests two Senior Tax Assistants of Income Tax Department
Central Bank of India CBI ARRESTS FOUR ACCUSED INCLUDING TWO SENIOR TAX ASSISTANTS OF INCOME TAX DEPARTMENT; AN AFO OF SBI & A PRIVATE PERSON IN SEPARATE CASES OF BRIBERY The Central Bureau of Investi...
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Draft Revised ‘Guidance Note on Tax Audit under section 44AB
Direct Taxes Committee (DTC) The Institute of Chartered Accountants of India 5th July 2022 Sub: Exposure Draft of Revised ‘Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961’ fo...
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Income Tax Department conducts searches in Chhattisgarh
Income Tax Department carried out search and seizure operations on 30.06.2022 on a group engaged in business of coal transportation and other allied activities. The premises of a senior government off...