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3 persons arrested in 2 cases related to fake availment & utilization of ITC

March 26, 2022 1548 Views 0 comment Print

In one of the cases, two accused were arrested on the ground that they were found actively involved in the racket of availing and utilizing fake/ fraudulent ITC under the name and style of a firm, by misusing the identity of a Rickshaw Driver.

Government proposes 39 amendments to Finance Bill, 2022

March 25, 2022 21243 Views 0 comment Print

Union Finance Minister Government has proposes 39 amendments to Finance Bill, 2022 Smt. Nirmala Sitharaman has proposed 39 amendments to Finance Bill, 2022 vide a Notice of Amendments dated 23.03.2022  introduced in Lok Sabha. Full text of the Notice of Amendments is as follows:- *List No. 1 LOK SABHA FINANCE BILL, 2022 [As introduced in […]

Violation of faceless assessment procedure by IT officials

March 24, 2022 2070 Views 0 comment Print

Whether Central Processing Centre (CPC) Bangalore processes the Income Tax returns without applying the provisions of Section 5A in several cases resulting in hardships and harassments to the tax payers of Goa;

Rationalisation of Income Tax Slabs

March 24, 2022 3015 Views 0 comment Print

India has progressive direct taxation system wherein an individual or Hindu undivided family (HUF) or an association of person or body of individuals is required to pay tax at a higher rate with an increase in income levels.

Everything You Need to Know About Financing Auto Repairs

March 24, 2022 2139 Views 0 comment Print

Even the most careful and defensive of drivers can get into an accident. Even the most diligent car owner can suddenly find their car stuck with a problem. The biggest hassle with auto repairs out of nowhere is paying for it.

UnlistedKart App makes its debut in the unlisted stock market

March 24, 2022 2208 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.

Loan Moratorium Ke Side Effects

March 23, 2022 2874 Views 0 comment Print

Moratoriums may give you temporary relief, but may become a cause for permanent pain. What, How? You may ask. So, let’s do a kind of autopsy of the loan moratoriums, and understand how these can be a source of prolonged sorrow & pain for the borrowers.

RBI not proposed any Mechanism for Trading of Cryptocurrencies

March 23, 2022 561 Views 0 comment Print

Reserve Bank of India (RBI) has not proposed any mechanism for trading of crypto assets and Cryptocurrency sector is unregulated. The legal framework for the sector may be finalised only after all aspects are carefully examined in consultation with stakeholders concerned.

SOP for Scrutiny of GST returns for FY 2017-18 and 2018-19

March 22, 2022 51447 Views 0 comment Print

CBIC vide Instruction No. 02/2022-GST | Dated: 22nd March, 2022 released Standard Operating Procedure (SOP) for Scrutiny of returns for FY 2017-18 and 2018-19  which contains Relevant statutory provisions (Section 61- Scrutiny of returns, Rule 99-Scrutiny of returns), Basis for Selection of GST returns for scrutiny, Proper officer for scrutiny of returns, Scrutiny Schedule, Process […]

All COVID-19 Restriction to end on 31.03.2022 but face masks to remain mandatory

March 22, 2022 996 Views 0 comment Print

NDMA has taken a decision that there may not be any further need to invoke the provisions of the DM Act for COVID containment measures. Accordingly, after the expiry of the existing MHA Order No. 40-3/2020-DM-I (A) dated 25th February, 2022

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