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Key Features & Benefits of Taxation Laws (Amendment) Bill, 2021
Taxation Laws (Amendment) Bill, 2021 Key Features of Taxation Laws (Amendment) Bill, 2021 1. Provides that no tax demand shall be raised in the future based on the retrospective amendment made through...
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Phishing websites hosted on NGROK platform, targeting Indian banking customers
Indian Computer Emergency Response Team Ministry of Electronics and Information Technology Government of India Original Issue Date: August 10, 2021 It has been observed that Indian banking customers a...
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Problems being faced by taxpayers on new portal E-filing 2.0
Bombay chartered Accountants Society has made a representation to Smt. Nirmala Sitharaman, Hon’ble Union Minister for Finance and Corporate Affairs on Problems being faced by taxpayers on new portal E...
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Advisory on GSTR-1 Filing (11th August 2021)
Currently, the Taxpayers are seeing the below statuses for GSTR1, after uploading of JSON file from the of Tool: 1. Processed with Error or 2. In Progress This is due to the fact that many offline uti...
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2 held by CGST Officials for ITC fraud of more than Rs 10 crore
Ministry of Finance 2 held by CGST Officials for input tax credit fraud of more than Rs 10 crore Posted On: 11 AUG 2021 8:28PM by PIB Delhi The CGST Commissionerate, Faridabad, Haryana has arrested tw...
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All about issue of Mumbai Railway Monthly Pass from 11.08.2021
BRIHANMUMBAI MUNICIPAL CORPORATION PUBLIC RELATIONS DEPARTMENT Date – 10.08.2021 Press Release In order to enable citizens to travel in suburban trains Offline Verification Procedure for Covid-19 Vacc...
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DRAFT – Foreign Exchange Management (Overseas Investment) Regulations, 2021
Reserve Bank of India 1. Short Title and Commencement (i) These regulations may be called the Foreign Exchange Management (Overseas Investment) Regulations, 2021. (ii) They shall come into force from...
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Draft Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021
Reserve Bank of India CHAPTER I PRELIMINARY 1. Short Title and Commencement (i) These rules shall be called the Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021. (i...
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Companies to disclose Crypto Currency transactions in Financial Statements
Ministry of Corporate Affairs MCA amends Schedule III of Companies Act on disclosure norms in financial statements Posted On: 10 AUG 2021 In order to bring in greater transparency in reporting of fina...
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Lock-down Guideline applicable to Delhi w.e.f. 09.08.2021
GOVERNMENT OF NCT OF DELHI DELHI DISASTER MANAGEMENT AUTHORITY No. F. 60/DDMA/COVI-19/2021/461 Dated: 08.08.2021 ORDER Whereas, the Delhi Disaster Management Authority (DDMA) is satisfied that the NCT...
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SOP for Penalties under Faceless Penalty Scheme-2021
National Faceless Assessment Centre, Delhi 2nd Floor, E-Ramp Jawaharlal Nehru Stadium, Delhi-110003 email: ashish.abrol@qov.in Phone No: 011-24360103 F. No.A.A(N.A.F.A.C)-1/2021-22/439 Dated: 09.08.20...
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CBDT establishes Interim Boards for Settlement
Vide Notification No. 91/2021-Income Tax | Dated: 10th August, 2021 CBDT establishes 7 Interim Boards for Settlement Headquartered at Delhi, Kolkata, Mumbai and Chennai. MINISTRY OF FINANCE (Departmen...
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CBDT notifies new Rule 10RB and FORM No. 3CEEA
Vide Notification No. 92/2021-Income Tax | Dated: 10th August, 2021 CBDT notifies New 10RB. Relief in tax payable under sub-section (1) of section 115JB due to operation of subsection (2D) of section...
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Analysis of The Taxation Laws (Amendment) Bill, 2021 by ICAI CMA
The government introduced the Taxation Laws (Amendment) Bill, 2021, which seeks to withdraw tax demands made under the Finance Act, 2012 retrospective legislation to tax the indirect transfer of India...
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Measures taken to curb food inflation
Ministry of Finance Measures taken to curb food inflation and alleviate problems of common man due to COVID-19 Posted On: 10 AUG 2021 The Government is taking effective measures to curb inflation espe...
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CCI approves acquisition of Bikaji Foods International Limited
Ministry of Finance CCI approves acquisition of Bikaji Foods International Limited by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust Posted On: 10 AUG 2021 The C...
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ICAI schedules December 2021 CA Examination from 05.12.2021
Important Announcement – Schedule of ICAI Chartered Accountancy Examinations – December 2021- Chartered Accountants Foundation, Intermediate (IPC) (Old Scheme), Intermediate (New Scheme), Final (Old S...
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GST Council Secretariat Newsletter – July 2021
GST Revenue for July 2021 > ₹ 1,16,393 crores gross GST revenue collected in July The gross GST revenue collected in the month of July 2021 is Rs. 1,16,393 crores of which CGST is Rs. 22,197 crores, S...
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CBDT notifies new Rules 21AI, 21AJ & New Form No. 10IG & 10IH
The CBDT has notified vide Notification No. 90/2021 – Income Tax Dated : 9th August, 2021, a new set of rules to amend the existing Income-tax Rules, 1962 which shall come into force as on the date of...
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Shops and Establishments Registration in Delhi is Mandatory
OFFICE OF THE LABOUR COMMISSIONER LABOUR DEPARTMENT, GNCT OF DELHI 5 – SHAM NATH MARG DELHI- 110054 Public Notice All Shops and Establishments are required to be registered under Delhi Shops and Estab...