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Mediation Act, 2021 introduced in Rajya Sabha
RAJYA SABHA The following Bill has been introduced in the Rajya Sabha on the 20th December, 2021:— Bill No. XLIII of 2021 A Bill to promote and facilitate mediation, especially institutional mediation...
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Income Tax Portal – Erratic & Irresponsible approach towards IT Infrastructure
Chartered Accountants Association, Surat (CAAS) has made a representation to Union Finance Minister and brought to her attention the Flaws in New Income Tax Portal which are still exist even after alm...
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Income Tax Dept searches two prominent Asansol based groups
Income Tax Department conducts searches in West Bengal The Income Tax Department carried out search and seizure operation on 16.12.2021 on two prominent Asansol based groups, engaged in business of ir...
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Income Tax Dept searches Neyveli based group in Tamil Nadu
Income Tax Department conducts searches in Tamil Nadu The Income Tax Department carried out search and seizure operation on 16.12.2021 on a Neyveli based group, engaged in the business of chit funds,...
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7,288 kg gold seized by Customs and DRI in less than 3 years
Customs field formations and Directorate of Revenue Intelligence have seized 3626.85 kg during 2019-20, 1944.392 kg during 2020-21 and 1717.396 kg during 2021-22 (till November). This was stated by Un...
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RTI Reply on New Income Tax Portal Designed by Infosys
DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Center, Ground, Floor, E-2, Jhandewalan Extension, New Delhi-11055 F.No ADG(S)-3/ITO(S)-3/RTI/2020-21/1046 Name & Address of the Applicant Saurin Bharatbhai Sha...
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Functionality in Rectification Module of ITBA to pass online rectification order
ITBA – Rectification Instruction No. 7 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Center, Ground Floor, E-2 Jhandewalan Extension, New Delhi — 110055 No. DGIT(S)/ITBA/Instructions/Rectification/2021-22 D...
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AO to identify information for section 148 notice
F.N0. 225/135/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *************** North Block, New Delhi Dated 10th December, 2021 To, All Principal...
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Reasons why due date of ITR & Tax Audit should be extended- Representation
13 Reasons why due date of ITR & Tax Audit should be extended- Representation All Gujarat Federation Of Tax Consultants (AGFTC) and Income Tax Bar Association (ITBA), Ahmedabad has made a Representati...
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‘National Anti-Doping Bill, 2021’ introduced in Lok Sabha
National Anti-Doping Bill, 2021 is been introduced in Lok Sabha to to provide for the constitution of the National Anti-Doping Agency for regulating anti-doping activities in sports and to give effect...
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‘Wild Life (Protection) Amendment Bill, 2021’ introduced in Lok Sabha
Wild Life (Protection) Amendment bill , 2021 is been introdued in Lok Sabha to further amend the Wild Life (Protection) Act, 1972. The Wild Life (Protection) Act, 1972 (the Act) provides for the prote...
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CAIT Condemn my way or high way Attitude of Amazon
Press Release 15th December, 2021 CAIT CONDEMN MY WAY OR HIGH WAY ATTITUDE OF AMAZON The Confederation of All India Traders (CAIT) has strongly criticised ” My way or High way” attitude of Amazon. Whi...
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9 percent MSMEs closed down due to impact of COVID-19
STATEMENT REFERRED TO IN REPLY TO PARTS (A) TO (H) OF THE LOK SABHA STARRED QUESTION NO. *262 FOR ANSWER ON 16.12.2021 (a) & (b): The National Crime Records Bureau has informed that as per published r...
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Memorandum for Extension of Due Dates for filing of ITRs
Direct Taxes Professionals’ Association (DTPA), Kolkata Representation Committee has sent a Memorandum to Hon’ble Union Finance Minister on 18th Dec 2021 for for Extension of Due Dates till 28TH Feb....
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Govt Amends Minerals Rules and Mineral Auction Rules
Amendment of the Minerals (Evidence of Mineral Contents) Rules, 2015 and the Mineral (Auction) Rules, 2015 to facilitate identification of mineral blocks for auction for grant of Composite Licence. Am...
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10 Measures Undertaken To Boost Manufacturing Sector In India
MEASURES UNDERTAKEN TO BOOST MANUFACTURING SECTOR IN INDIA The Government has undertaken the following major reforms/measures to boost manufacturing sector in the country and to make India a favoured...
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IFSCA sets up committee to create Framework for transfer of stressed loans
IFSCA sets up committee for creating a Framework for transfer of stressed loans from domestic lenders to permitted financial institutions in IFSC The Reserve Bank of India (RBI) has recently (vide the...
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CA, CS, CMA (Amendment) Bill, 2021- Clause wise Analysis & Objects
Government introduced Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021 in Lok Sabha on 17th December 2021. Clause wise Analysis & Reason for int...
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Exposure Draft of the Amendments in Commercial & Industrial (C&I) Taxonomies- IND AS based Taxonomy & AS based Taxonomy
Exposure Draft of the Amendments in Commercial & Industrial (C&I) Taxonomies- IND AS based Taxonomy & AS based Taxonomy XBRL India The Institute of Chartered Accountants of India 17th December, 2021 A...
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ICSI Requests relaxation on levy of additional fee in filing of Annual ROC forms
ICSI Request for relaxation on levy of additional fee in filing of e-forms AOC-4, AOC-4(CFS), AOC-4- XBRL, AOC-4 Non-XBRL and MGT-71 MGT-7A for the financial year ended on 31.03.2021 under the Compani...