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Archive: 06 October 2022

Posts in 06 October 2022

Govt notifies Credit Guarantee Scheme for Startups (CGSS)

October 6, 2022 4764 Views 1 comment Print

Credit Guarantee Scheme for Startups (CGSS)is to provide guarantee upto a specified limit against credit instruments extended by Member Institutions (MIs) to finance eligible Startups.

Requirement of Health Certificate to be accompanied with import of certain food consignments modified

October 6, 2022 1509 Views 0 comment Print

Instruction No. 26/2022-Customs – Requirement of Health Certificate to be accompanied with the import of certain food consignments – modification of Board Instruction No.18/2022-Customs F. No. 401/66/2022-Cus-III Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Customs) North Block, New Delhi Instruction No. 26/2022-Customs | Dated the 6th October, […]

CBIC notifies Customs Exchange rate for Import & Export wef 7.10.2022

October 6, 2022 2931 Views 0 comment Print

CBIC notifies Customs Exchange rate for Import & Export wef 7th October, 2022 vide Exchange rate Notification No. 87/2022-Cus (NT) dated 06.10.2022 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS New Delhi ***** Notification No. 87/2022 – Customs (N.T.) | Dated: 6th October, 2022 In exercise of […]

ITAT direct AO to estimate net profit at 3% on gross contract receipts of transport operator

October 6, 2022 3036 Views 0 comment Print

Raghavendra Lorry Services Vs DCIT (ITAT Visakhapatnam) We find from the order of the Ld. AO, the Ld.AO has followed the directions of the CIT and has estimated the income @ 15% on the gross receipts without allowing the depreciation. It was also found from the submissions of the Ld. AR that the  assessee a partnership […]

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