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State and year-wise details of GST compensation given from 2017
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UN-STARRED QUESTION NO-2785 ANSWERED ON-21/03/2022 PAYMENT OF GST COMPENSATION 2785. SHRI PRADYUT BORDOLOI: SHRI KESINENI SRINIV...
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Tax on Tobacco Products
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO.2799 TO BE ANSWERED ON MONDAY THE 21ST MARCH, 2022 PHALGUNA 30, 1943 (SAKA) TAX ON TOBACCO PRODUCTS 2799....
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CPC processed 5.17 crore ITRs out of 6.01 crore verified ITRs
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 2809 TO BE ANSWERED ON MONDAY, MARCH 21, 2022/PHALGUNA 30, 1943 (SAKA) TECHNICAL ISSUES IN INCOME TAX E-F...
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Govt Maintains no data related to TDS on Interest on Road Accident Claim
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 2867 ANSWERED ON MONDAY THE 21ST MARCH, 2022 TDS from Road Accident Claim 2867. SHRI ASADUDDIN OWAISI: Wi...
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IMB certification is not a prerequisite to avoid angel tax
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 2871 ANSWERED ON 21ST MARCH, 2022 “Tax Exemptions to Startups” 2871 SHRI L.S. TEJASVI SURYA MS. LOCKET CH...
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Import Duty on Edible Oil
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO.2941 TO BE ANSWERED ON MONDAY THE 21ST MARCH, 2022 PHALGUNA 30, 1943 (SAKA) IMPORT DUTY ON EDIBLE OIL 2941...
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CBI Arrests A DCIT And An Auditor In A Bribery of Rs. 50,000/-
The Central Bureau of Investigation has arrested a Deputy Commissioner of Income Tax, Coimbatore (Tamil Nadu) and an Auditor (a Private person) for demanding & accepting bribe of Rs.50,000/- from the...
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Govt e-Market portal touches annual procurement of INR 1 Lakh crore
The number of orders surpasses 31.5 Lakh in the current financial year with a growth rate of 22% In a short span of 5 years, GeM becomes one of the largest government e-procurement platforms in the wo...
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Report on CA, CMA and CS (Amendment) Bill, 2021
STANDING COMMITTEE ON FINANCE (2021-2022) SEVENTEENTH LOK SABHA ‘THE CHARTERED ACCOUNTANTS, THE COST AND WORKS ACCOUNTANTS AND THE COMPANY SECRETARIES (AMENDMENT) BILL, 2021’ (MINISTRY OF CORPORATE AF...
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Know Oil import by India from from Ukraine and Russia in 2020-21
India imported 17.44 LMT edible oils from Ukraine and 3.48 LMT edible oils from Russia in 2020-21 In a bid to control the rise in cooking oil prices, the Centre has cut the basic duty on Crude Palm Oi...
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Government proposes 39 amendments to Finance Bill, 2022
Union Finance Minister Government has proposes 39 amendments to Finance Bill, 2022 Smt. Nirmala Sitharaman has proposed 39 amendments to Finance Bill, 2022 vide a Notice of Amendments dated 23.03.2022...
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Violation of faceless assessment procedure by IT officials
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA UNSTARRED QUESTION NO. 2127 ANSWERED ON TUESDAY, THE 22ND MARCH, 2022 VIOLATION OF FACELESS ASSESSMENT PROCEDURE BY IT OFFICIA...
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Rationalisation of Income Tax Slabs
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA UNSTARRED QUESTION NO. 1524 TO BE ANSWERED ON TUESDAY, MARCH 15, 2022/ PHALGUNA 24, 1943 (SAKA) RATIONALISATION OF INCOME TAX...
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Income Tax Dept searches popular chain of educational institutes
Income Tax Department conducts searches in Maharashtra The Income Tax Department carried out a search and seizure operation on 14.03.2022 on a popular chain of educational institutes, running several...
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UK Suspends Tax Co-Operation With Russia
The UK today (Thursday 17 March) announced it is suspending the exchange and sharing of tax information with Russia and Belarus as part of continued efforts to inflict economic pain on President Putin...
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Measures for timely disposal of commercial cases – Ease of doing Business
Ease of Doing Business Department for Promotion of Industry and Internal Trade (DPIIT), in coordination with Central Ministries/Departments, States and Union Territories (UTs), has spearheaded various...
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146 Central approvals enabled on NSWS portal
e-INVESTMENT Setting up of an Investment Clearance Cell (ICC) was announced in the Budget 2020-21 with the objective to provide “end to end” facilitation and support to investors, including pre invest...
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Collaboration between Small Businesses & E-commerce Platforms
Government has taken several initiatives to enhance collaboration between small business and e-commerce platforms. Some of the initiatives in this context are as follows: Central Board of Indirect Tax...
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UnlistedKart App makes its debut in the unlisted stock market
In the past 4 years, UnlistedKart has been at the forefront of the unlisted stock space, achieving a collective top line of 250-plus crores and clocking an impressive IRR of 40 per cent on their recom...
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Access to Working Capital for MSMEs
The Government has taken a number of initiatives for providing financial assistance to the Micro, Small and Medium Enterprises (MSMEs) to cope with the financial impact of the COVID-19 pandemic, inclu...