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CS Executive & Professional Programme Examination- Instructions- December 2021
INSTRUCTIONS TO EXAMINEES – DECEMBER, 2021 CS EXECUTIVE & PROFESSIONAL PROGRAMME EXAMINATIONS TO BE HELD FROM 21ST DECEMBER, 2021 to 30TH DECEMBER, 2021 PART- A: GENERAL INSTRUCTIONS 1. Immediately, a...
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Notification No. 135/2021-Income Tax
CBDT notifies Protocol amending DTAA with Kyrgyz Republic MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 8th December, 2021 Notification No. 135/2021-Income Tax S.O. 5094(E).—...
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Section 80C deduction eligible on LIC Jeevan Akshay-VII Plan
CBDT notifies vide Notification No. 134/2021- Income Tax, Dated: 06.12.2021 that Jeevan Akshay-VII Plan of the Life Insurance Corporation of India qualifies for deduction under section 80C of Income T...
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10 States & 19 Ministries/ Departments on-boarded on Single Window System
Single Window System While presenting Budget 2020-21, Finance Minister announced plans to set up an Investment Clearance Cell (ICC) that will provide ‘end to end’ facilitation and support to investors...
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Open Letter to ALL FMCG Companies
ALL INDIA CONSUMER PRODUCTS DISTRIBUTORS FEDERATION FMCG & TELECOM TRADE Open Letter to ALL FMCG Companies Date 4/12/21 Respected sir This is reference to our previous communication sent to your compa...
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Draft Notaries (Amendment) Bill Issued for Stakeholders’ Consultation
To give opportunity to young eligible legal practitioners aspiring to serve as Notary Public, the draft Bill proposes to restrict the renewal of certificates of practice of Notaries up to two terms Th...
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13 programmes launched by Government to promote Startups
To promote startups across all the State/UTs, Government of India has launched Startup India initiative in 2016. This initiative aims at building a strong ecosystem for nurturing innovation and Startu...
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11 benefits Startups can avail under Startup India Initiative
Creation of Jobs by Startups Startup India is a flagship initiative of Government of India which aims at building a strong ecosystem for nurturing innovation and Startups in the country. This initiati...
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Collaboration with Foreign Companies under Atmanirbhar Bharat
The Government announced Atmanirbhar Bharat Abhiyan – a special economic package of Rs20 lakh crore on 12.05.2020 with the aim of making the country self-reliant and to focus on local manufacturing. I...
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PLI Scheme extended to 14 Sectors
Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing capabilities and Exports, an outlay of INR 1.97 lakh crore (over US$ 26 billion) has been announced in Uni...
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Update KYC in Demat & Trading Account by 31st December 2021
Last date for updating KYC in Demat and Trading is 31st December 2021 Update your KYC else your Demat and Trading account will be made inactive. All Investors are requested to take note that as per Re...
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DRI busts Foreign Currency Smuggling Racket
The Directorate of Revenue Intelligence (DRI) has seized Foreign Currency of INR Value Rs. 1.42 Crores at CSI Airport, Mumbai. The DRI has arrested a pax attempting to smuggle foreign currency out of...
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CGST Mumbai Central Commissionerate busts a racket of fake ITC generators
The officers of CGST Mumbai Central Commissionerate have smashed a racket of fake Input Tax Credit (ITC) generators, who had been passing this fake ITC to the tune of Rs. 35 crores to various entities...
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Features of the new tax information portal launched by CBIC
Introduction CBIC has launched a revamped tax information portal https://taxinformation.cbic.gov.in/. With the help of this portal, all indirect tax legislations, rules, regulations and forms will be...
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More than 3 crore Income Tax Returns filed on new e-Filing portal
of Income Tax Department; Taxpayers who are yet to file their ITRs for AY 2021-22 advised to file at the earliest More than 3 crore Income Tax Returns have now been filed on the new e-Filing portal of...
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No ITR for specified senior citizens
A new section 194P inserted in Income-tax Act, 1961 provides that senior citizens above 75 years, having only pension & interest income from accounts maintained with bank in which they receive pension...
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Payment of GST compensation to States in times of COVID-19 pandemic
As per the provisions of the GST (Compensation to States) Act, 2017, GST compensation for financial years 2017-18, 2018-19 and 2019-20 has already been paid to the States. This was stated by Union Min...
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GST Compliance Burden on Food Delivery Applications & Restaurants
From January 1, 2022, Food delivery apps will primarily collect5% GST with the government, on behalf of the restaurants, for deliveries made by these platforms. This has been proposed by the governmen...
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930 India linked entities in Panama and Paradise Paper Leaks
Undisclosed credits of Rs. 20,353 crore detected with respect to 930 India linked entities in Panama and Paradise Paper Leaks As on 01.10.2021, total undisclosed credits amounting to Rs. 20,353 crore...
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Income Tax Department conducts search operations in Gujarat
The Income Tax Department initiated search and seizure operations on a prominent business group, engaged primarily in the manufacturing of stainless steel and metal pipes, in Ahmedabad on 23.11. 2021....