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Discussion Paper on Streamlining the Liquidation Process
Insolvency and Bankruptcy Board of India 14th June 2022 Introduction The Bankruptcy Law Reforms Committee (BLRC) in its report under the section ‘A time-bound, efficient Liquidation’ observed that “In...
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Report of Insolvency Law Committee on IBC 2016 implementation
REPORT OF THE INSOLVENCY LAW COMMITTEE – MAY, 2022 Ministry of Corporate Affairs Government of India New Delhi, the 20th May, 2022 To, The Honourable Union Minister of Finance and Corporate Affairs Ma...
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Reg. Order under Para 4 of Faceless Penalty Scheme, 2021
F No. 187/4/2021-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi — 110001. Dated the 10th June, 2022 ORDER Order under Para 4...
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CBDT sets up Units under section 144H(3) of Income-tax Act 1961
F. No 187/3/2020 ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct .1 axes (ITA Division), North Block, New Delhi 110001 Office Order -2 | Dated the 10th June...
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Setting up of NaFAC under section 144B(3) of Income-tax Act- Reg.
F No. 1871312020-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi – 110001. Dated the 10th June, 2022 Office Order -1 Setting...
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Changes in ITBA functionalities for Faceless Assessment
Roll out of first phase of changes in ITBA functionalities for Faceless Assessment due to amendments in Section 144B by Finance Act, 2022. National Faceless Assessment Centre, Delhi 4th Floor, Mayur B...
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Notification No. 63/2022-Income Tax, Dated: 15.06.2022
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 15th June, 2022 Notification No. 63/2022-Income Tax S.O. 2754(E).—In exercise of the powers conferred by clau...
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Advisory for Authorized Dealer Code (ADC) Bank Account Registration
CBIC Bank Account Management Module Authorized Dealer Code Bank Account Registration Advisory Advisory for Authorized Dealer Code (ADC) Bank Account Registration – Applicable to a new Bank Account Reg...
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IBBI invites suggestions for expeditious resolution of Real Estate Projects
Insolvency and Bankruptcy Board of India 14th June 2022 Inviting suggestions/inputs from public for effective and expeditious resolution of Real Estate Projects The Insolvency and Bankruptcy Code, 201...
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Discussion Paper on enabling entities to become insolvency professional
Insolvency and Bankruptcy Board of India 14th June, 2022 Discussion Paper on enabling entities to become insolvency professional This paper deals with issue of enabling entities to get registered as a...
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Cost Inflation Index for Financial Year 2022-23
CBDT notifies Cost Inflation Index for Financial Year 2022-23 at 331 vide Notification No. 62/2022-Income Tax | Dated: 14th June, 2022. Ministry Of Finance (Department Of Revenue) (Central Board of Di...
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After 74 days CBDT Releases Excel offline Utility of ITR-5
CBDT on 14th June 2022 has finally released after 74 days Excel offline Utility of ITR-5 [For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7] for Assess...
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Extension of Ban on usage of Single Use Plastic from 1st July
Confederation of All India Traders “Vyapur Bhawan” 925/1, Naiwala, karol Bagh,New Delhi-110005. Phone: +91-11-45099884, Telefax:+91-11-45032665 Email: teamcait@gmail.com Website: www.cait.in Ref. No.:...
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CBI Arrests 3 Accused Including Superintendents of GST, Customs
CBI Arrests Three Accused Including Superintendents of GST, Customs In Separate Cases of Bribery The Central Bureau of Investigation has today arrested two Superintendents of GST, Bellery (Karnataka)...
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Notification No. 61/2022 – Jurisdiction of Income tax Authorities
Section 120(1) (2) and (5) of the Income-Tax Act, 1961 – Jurisdiction of Income tax Authorities Supersession of Notification No. 23/2021 dated 31st March, 2021- Notification No. 61/2022 – Income Tax |...
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Notification No. 60/2022-Income Tax – Control of income-tax authorities
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 60/2022-Income Tax | Dated: 10th June, 2022 S.O. 2692(E).—In exercise of the powers conferred by...
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Discussion Paper on Remuneration of an Insolvency Professional
Insolvency and Bankruptcy Board of India 9th June 2022 Discussion Paper on Remuneration of an Insolvency Professional This paper deals with issue of fee of an insolvency professional (IP) acting as in...
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IPs to act as IRP, Liquidators, RP & Bankruptcy Trustees (Recommendation) Guidelines, 2022
Insolvency and Bankruptcy Board of India Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines,...
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Technical Guide on Financial Statements of Non-Corporate Entities
ICAI issued Technical Guide on Financial Statements of Non-Corporate Entities The Institute of Chartered Accountants of India (ICAI) apart from issuing Accounting Standards for Non-company entities, a...
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Exposure Draft of Revised Guidance Note on CARO 2020
issued by the Auditing and Assurance Standards Board of ICAI The Auditing and Assurance Standards Board (AASB) of the ICAI had issued the ‘Guidance Note on the Companies (Auditor’s Report) Order, 2020...