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Archive: 03 November 2021

Posts in 03 November 2021

Excise Duty reduction on Petrol and Diesel on the eve of Diwali

November 3, 2021 876 Views 0 comment Print

Government of India has taken a significant decision of reducing Central Excise Duty on Petrol & Diesel by Rs. 5 and Rs. 10 respectively from tomorrow. Prices of petrol & diesel will thus come down accordingly.

Income Tax Dept searches leading construction groups of Karnataka

November 3, 2021 519 Views 0 comment Print

Income Tax Department carried out search and seizure operations on one of the leading groups of Karnataka, engaged in the civil construction of roads and irrigation projects, on 28.10.2021 at various premises located in North Karnataka.

Centre releases Rs. 17000 crore as GST Compensation to States/UTs

November 3, 2021 369 Views 0 comment Print

Central Government has released GST Compensation of Rs. 17,000 crore to States today. The total amount of compensation released to the States/UTs so far including the aforesaid amount during the year 2021-22 is Rs. 60,000 crore. As per the decision of GST Council, back to back loan of Rs.1.59 lakh crore has already been released in lieu of shortfall in release of GST Compensation during the current financial year

Dealing in unregulated products by SEBI registered Debenture Trustees

November 3, 2021 345 Views 0 comment Print

It has come to the notice of SEBI that some registered Debenture Trustees are undertaking activities related to unregulated products such as acting as a trustee for digital gold.

Norms for processing investor’s service request by RTAs & for furnishing PAN, KYC details & Nomination

November 3, 2021 5679 Views 0 comment Print

SEBI notifies Common and Simplified Norms for processing investor’s service request by RTAs and norms for furnishing PAN, KYC details and Nomination

Emplacement of Concurrent Auditors with National Housing Bank

November 3, 2021 1278 Views 0 comment Print

Request for Proposal: Appointment of Concurrent Auditors: National Housing Bank – Technical Bids will be opened in the presence of Bidders who choose to attend as above. The above schedule is subject to change. Notice of any changes will be provided through e-mail from designated contact personnel only or publishing on NHB’s website

ITAT disallows grossing up of TDS deducted on interest paid to AE

November 3, 2021 4563 Views 0 comment Print

Lite-on Mobile India Pvt. Ltd. Vs DCIT (ITAT Chennai) Facts- TPO in respect of procurement of management services determined NIL arm’s length price by holding that the assessee didn’t bring any evidence on record to suggest that it was in need for services for which it has paid to its AEs. Further, assessee has availed […]

Technical guidance on how to appear for CSEET

November 3, 2021 381 Views 0 comment Print

CSEET students appearing in CSEET to be held on 13th November 2021 |Technical guidance on how to appear for CSEET to be held through Remote Proctored mode on 13th November 2021

CBIC Notifies Rate of Exchange of Foreign Currencies wef 04.11.2021

November 3, 2021 1272 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 4th November, 2021 vide Notification No. 90/2021- Customs (N.T.) | Dated: 3rd November, 2021. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs ***** Notification No. 90/2021- Customs (N.T.) New Delhi, dated the 3rd […]

Reviving Economy And Rising GST Collections

November 3, 2021 1167 Views 0 comment Print

According to views of NITI Aayog vice Chairman, Indian economy is expected to grow by 10 percent in current fiscal and by 8% plus in financial year 2022-23. It may be noted that IMF has already projected a growth of 9.5% in 2021. It has said that India is likely to be the fastest growing […]

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November 2021