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Archive: 09 May 2022

Posts in 09 May 2022

CBDT authorizes DIT (Centralized Processing Centre) for specified purposes

May 9, 2022 1146 Views 0 comment Print

Seeks to amend Notification No. 30/2021 dated 1st April, 2021 – CBDT authorizes the Director of Income Tax (Centralized Processing Centre) for specified purposes – Notification No. 52/2022-Income-Tax, Dated: 09.05.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 9th May, 2022 Notification No. 52/2022-Income-Tax S.O. 2161(E).—In exercise of the […]

CBDT amends Form No. 3CF, 10A, 10AB, 10BD & 10BE

May 9, 2022 3342 Views 0 comment Print

CBDT vide Notification No. 51/2022-Income Tax Dated 9th May, 2022 amended FORM No. 3CF, Form 10A, FORM No. 10AB, FORM No. 10BD, FORM No. 10BE. MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] Notification No. 51/2022-Income Tax New Delhi, the 9th May, 2022 G.S.R. 343(E).—In exercise of the powers conferred by clauses (i), (ii), […]

Amendment in Export Policy of Guar Gum

May 9, 2022 3168 Views 0 comment Print

The Export of Guar Gum to European Union and UK will now be allowed subject to issuance of Official Certificate in place of Health Certificate with immediate effect.

RBI notification on treatment of unamortised expenditure on account of enhancement in family pension

May 9, 2022 534 Views 0 comment Print

RBI, hereby declares that the provisions of sub-section (1) of section 15 of the said Act shall not apply to a banking company for a period upto 31st March, 2026, in so far as it relates to the treatment of unamortised expenditure on account of enhancement in family pension as set out in the RBI.

A Step Forward: MCA Eagle Eyes Countries Sharing Land Borders With India

May 9, 2022 1200 Views 0 comment Print

Understand the implications of MCA’s new rules on foreign investment from countries sharing land borders with India. Learn how this move impacts investors from Pakistan and Bangladesh.

PMJJBY, PMSBY and Atal Pension Yojana complete 7 years

May 9, 2022 1350 Views 0 comment Print

Pradhan Mantri Suraksha Bima Yojana (PMJJBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMSBY) and Atal Pension Yojana (APY) complete 7 years of providing social security net Union Finance Minister Smt. Nirmala Sitharaman said low-cost insurance schemes and the guaranteed pension scheme are ensuring that Jan Suraksha now covers the last person of the society Union […]

Revision u/s 263 can be invoked only in a gross case of inadequacy in Inquiry

May 9, 2022 672 Views 0 comment Print

Only in a very gross case of inadequacy in inquiry or where inquiry was per se mandated on the basis of record available before AO and such inquiry was not conducted, the revisional power so conferred could be exercised to invalidate the action of AO.

Scrutiny of GST Returns in India

May 9, 2022 11757 Views 1 comment Print

Understanding the scrutiny of GST returns in India: Learn about the legality, process, and requirements for GST dealers.

रांची केस में सीए की हिरासत सिखलाती कि हर पैशेवर के लिए संस्थान द्वारा जारी आचार संहिता का पालन बेहद जरुरी

May 9, 2022 3294 Views 0 comment Print

रांची केस में सीए सुमन कुमार की गिरफ्तारी दर्शाता है कि न माया मिली न राम, बदनामी और जान के लाले पड़े सो अलग. हम सभी जानते हैं कि राजनेता, नौकरशाह और व्यापारी अपने धन और शक्ति बल से केस से बरी हो जाएगा लेकिन नुकसान होगा तो सिर्फ पैशेवर को. सिर्फ उसका व्यवसाय और केरियर […]

Corporate Insolvency Resolution Process (CIRP) Under IBC, 2016

May 9, 2022 13311 Views 0 comment Print

Understand the Corporate Insolvency Resolution Process (CIRP) under the Insolvency & Bankruptcy Code, 2016. Get insights into the amendments and reforms in the financial sector laws.

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