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Archive: March, 2022

Posts in March, 2022

Measures for timely disposal of commercial cases – Ease of doing Business

March 24, 2022 807 Views 0 comment Print

Commercial Courts Act, 2015 has been enacted to deal specifically with  commercial disputes in India. It was amended in 2018, providing for constitution of  commercial courts at the district level and Commercial Division in all High Courts. 

146 Central approvals enabled on NSWS portal

March 24, 2022 807 Views 0 comment Print

Currently 146 Central approvals across 21 Ministries/ Departments are enabled to be applied through the NSWS portal. 14 States’/UTs’ Single Window Systems have been linked with the NSWS Portal thereby providing access to approvals of these States/UTs to be applied through a single login id. All concerned Ministries and Departments of the Central Government and States have been requested to integrate their approval processes with the NSWS.

Investment from Land Border Sharing Countries

March 24, 2022 1908 Views 0 comment Print

In order to curb opportunistic takeovers/acquisitions of Indian companies due to the COVID-19 pandemic, Government amended the FDI policy vide Press Note 3(2020) dated 17.04.2020 whereby an entity of a country, sharing land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any […]

Collaboration between Small Businesses & E-commerce Platforms

March 24, 2022 1098 Views 0 comment Print

Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue has exempted sellers of specified handicraft goods made by craftsmen from obtaining compulsory registration under GST Act, thus enabling collaboration between small businesses and e-commerce platforms.

Criminal Procedure (Identification) Bill, 2022 introduced in Lok Sabha

March 24, 2022 2499 Views 1 comment Print

Criminal Procedure (Identification) Bill, 2022 Is A Bill to authorise for taking measurements of convicts and other persons for the purposes of identification and investigation in criminal matters and to preserve records and for matters connected therewith and incidental thereto.

UnlistedKart App makes its debut in the unlisted stock market

March 24, 2022 2163 Views 0 comment Print

In the past 4 years, UnlistedKart has been at the forefront of the unlisted stock space, achieving a collective top line of 250-plus crores and clocking an impressive IRR of 40 per cent on their recommended portfolio.

U.S. Income tax 2021-22 – FBAR and others

March 24, 2022 3303 Views 0 comment Print

With the increasing rings of cellular phones, any CPA from USA will tell you the sleepless nights he/she encounters these days due to the current US tax season 2021-22. A large scrutiny of past returns as early as 2001-2003 in my client’s case, withholding of passport for non-filing of tax returns, and regular audit of […]

ICAI re-schedule dates of Foundation Course Examination, May 2022

March 23, 2022 1839 Views 0 comment Print

To mitigate the hardship of the students who are sitting in the Central Board of Secondary Education (CBSE) – Senior School Certificate Examination, Term II (2021- 2022) and Council for the Indian School Certificate Examinations (ICSE), Semester 2, Year 2022 examinations and simultaneously pursuing Chartered Accountants Foundation Course Examination, May 2022, ICAI decided to re-schedule […]

If in a case foundation removed, super-structure falls, additions goes

March 23, 2022 2829 Views 0 comment Print

ACIT Vs Sreeleathers (ITAT Kolkata) Firstly the survey statement has been recorded by DDIT(Inv) in some third party case and not that of assessee. Secondly the deponent has been administered oath before his statement was recorded, which is not in accordance to Section 133A of the Act and the Hon’ble Supreme Court in Khader Khan […]

Aadhaar Lock/Unlock and Biometric Lock/Unlock- FAQs

March 23, 2022 17259 Views 0 comment Print

Aadhaar Lock/Unlock Q.1 I forgot my VID. How can I get it after locking UID? Ans. After Locking UID if resident forgot VID, Resident can make use of SMS service to Retrieve 16 digit VID on his register mobile number Send SMS 1947 with Aadhaar Register mobile number as RVID Space last 4 or 8 […]

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