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Archive: 15 March 2022

Posts in 15 March 2022

Cenvat Credit cannot be denied for wrong classification by supplier

March 15, 2022 2007 Views 0 comment Print

CESTAT held that it was immaterial if the supplier of the item had wrongly classified the same since, the actual classification and the eligibility for CENVAT credit is dependent on the actual usage of goods and therefore CENVAT credit is admissible to the Appellant.

TDS & Tax on Salary | Section 192 | FY 2021-22 | AY 2022-23

March 15, 2022 96426 Views 1 comment Print

CBDT issued Income Tax Circular No. 04/2022 on 15th March 2022 and explained all provisions related to deduction of Tax At Source (TDS) on Salary or Income Tax Payable on Salary for the Financial Year 2021-22 / Assessment Year 2022-23.  GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF DIRECT TAXES DEDUCTION […]

Representation – Challenges in Certain Income Tax Provisions

March 15, 2022 6624 Views 2 comments Print

KSCAA has made a Representation on Challenges in Income Tax Related to Rectification Proceedings, Order Giving Effect, Delay in Processing Of Refund, Delay In Processing Lower Deduction Certificates and Delay in Tax Residency Certificates (TRC) with possible solutions to Principal Chief Commissioner of Income Tax, Karnataka & Goa. Date: 10th March, 2022 To, The Principal Chief […]

₹ 20K cr Subordinate Debt scheme for MSMEs extended till March 31.03.2023

March 15, 2022 1086 Views 0 comment Print

In order to keep the avenues of assistance to stressed MSME Units open Government has decided to further extend ‘Credit Guarantee Scheme for Subordinate Debt till 31.03.2023.

People will get land records in their own language soon

March 15, 2022 807 Views 0 comment Print

The Minister said that after the rollout of ULPIN (Unique Land Parcel  Identification Number) in the country, No one can take away the rights of the poor. Linking ULPIN with PAN, Aadhar, land records, Courts and banking system, will get rid of corruption and fraud in land matters. So far, ULPIN is rolled out in 14 States. The Minister also requested State Governments to spread awareness about the land reforms amongst people.

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