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Break the chain order – Relaxations in Maharashtra

April 7, 2021 5289 Views 0 comment Print

The Students or Candidates who have to attend various exams including the competitive exams are allowed to make necessary movement to attend the exams during the weekend lockdown and their examination Hall Tickets should be considered valid tor the same. They are allowed to be accompanied by one guardian/Parent.

CESTAT cannot allege fraud on haphazard and hurried basis

April 6, 2021 681 Views 0 comment Print

Essel Propack Limited Vs Union of India and others (Bombay High Court) When the appeal of the petitioner was heard by the CESTAT, learned counsel for the petitioner furnished sample invoice copies to justify labour charges incurred. It was at that stage that the authorized representative of the department raised objection that such invoices could […]

Setting up of LPCC by AMCs of Mutual Funds

April 6, 2021 516 Views 0 comment Print

It was prescribed, inter alia, that the contribution from AMCs shall be in proportion to the Average AUM of open ended debt oriented mutual fund schemes (excluding overnight, gilt fund and gilt fund with 10-year constant duration but including conservative hybrid schemes) managed by them for the Financial Year (FY) 2019-20.

SOP to implement ‘Break the Chain – Micro Containment Zones’ in Mumbai

April 6, 2021 7107 Views 0 comment Print

MUNICIPAL CORPORATION OF GREATER MUMBAI No MGC/A/6181, dated 5th April 2021. Sub : SOP for implementation of the “Break the Chain – Micro Containment Zones” Copy of my D.O. letter to Commissioner of Police, Mumbai may kindly be perused. To ensure compliances of Micro-Containment Zones, following SOPs shall be followed in letter and spirit :- […]

Audit Trail provision effective from FY commencing on or after 01.04.2022

April 6, 2021 4986 Views 0 comment Print

MCA has made amendments in the provision related to Audit Trail and made them effective for FY commencing on or after 01st April, 2022, on request made by the Institute of Chartered Accountants of India

HC dismisses Income Tax prosecution launched against D K Shivakumar

April 5, 2021 1506 Views 0 comment Print

Income Tax Department Vs Sri D K Shivakumar (Karnataka High Court) The gist of the offence under section 276C(1) is the wilfull attempt to evade any tax, penalty or interest chargeable or imposable or under reports of the income. What is made punishable is “attempt to evade tax, penalty or interest” and not the “actual […]

CBDT extends 64 ad-hoc appointment to ACIT grade

April 5, 2021 1200 Views 0 comment Print

Office Order No.93 of 2021 dtd.05.04.2021[Extension of ad-hoc appointment to the grade of ACIT] F. No. A-32013/5/2018-Ad.VI (Part-2) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi. The 05th April. 2021. Office Order No. 93 of 2021 In continuation of CBDT’s Office Order No. 43 dated […]

Weekly newsletter from Chairman, CBIC dated 05/04/2021

April 5, 2021 915 Views 0 comment Print

You would be aware by now that the GST revenue has reached nearly Rs. 1.24 lakh crores in March, 2021, which is the highest revenue collected in a month since the inception of GST in 2017.

Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)

April 5, 2021 1638 Views 0 comment Print

The Government of India, Ministry of Housing and Urban Affairs (MoHUA), restructured the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY) and launched the National Urban Livelihoods Mission (NULM) in 2013. NULM has been under implementation w.e.f. September 24, 2013 in all district headquarters (irrespective of population) and all the cities with population of 1 lakh or more.

CBDT releases JSON Utility for ITR1 & ITR 4 for AY 21-22

April 3, 2021 21336 Views 6 comments Print

CBDT has decided to discontinue Excel & Java version of ITR utilities  from AY 2021-22 and it has released  JSON Utility for ITR1 & ITR 4 for Assessment Year 2021-22. The utility for other ITRs will be enabled shortly, the ITR 1 to 4 can be filled using single JSON Utility. Import of Prefill file […]

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