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Get interest in your PO Savings or Bank Account in case of MIS/SCSS/TD A/cs

March 2, 2022 1875 Views 0 comment Print

It has come to notice that some MIS/SCSS/TD accounts holders have not linked their savings account (either PO Savings Account or Bank account) for credit of their monthly/quarterly/yearly interest and Interest due in these MIS/SCSS/TD accounts are left unpaid in sundry office account.

ICAI President’s Message March 2022- Extension of Fee Waiver in Registration Course Fee

March 1, 2022 2322 Views 0 comment Print

My Dear Professional Colleagues, Today while communicating with you for the first time through these pages, I consider it an absolute honour and pride to serve my beloved institute as the 70th President of The Institute of Chartered Accountants of India (ICAI), joining the league of leaders and working towards the development of our nation […]

Advisory for IGCR Admin officers to access IGCR Module at ICEGATE

March 1, 2022 3594 Views 1 comment Print

Advisory for IGCR Admin officers to access IGCR (Import of Goods at Concessional Rate of duty) module at ICEGATE- IGCR module is developed by ICEGATE CBIC to provide a digital service to importers to avail benefits under the IGCR Rules (Import of Goods at Concessional Rate of Duty)

Maharashtra government decides to relax Covid restrictions from March 4

March 1, 2022 5328 Views 0 comment Print

The state government has decided to relax the restrictions imposed on the state from March 4. Administrative factors are classified as ‘A’ and ‘B’ according to the Covid current status, risk, vaccination status, positivity rate and number of beds occupied by patients.

Weekly newsletter from Chairman, CBIC dated 28.02.2022

February 28, 2022 573 Views 0 comment Print

On the Anti-Evasion front, the Sea Patrolling Team of Mumbai Customs Preventive Commissionerate intercepted a fishing boat which was found to be carrying over 35,000 litres of smuggled diesel in the high seas off the coast of Mumbai, last week. Cases such as these, which involve both assiduous intelligence collection as well as constant patrolling, profile the ever vigilant work of our sea patrol teams and underscore the role of Customs in maintaining coastal security.

Additional charge arrangement in the grade of Pr.CCsIT/CCsIT

February 28, 2022 1761 Views 0 comment Print

OFFICE ORDER NO. 46 OF 2022 The following officers in the grade of Pr. CCsIT / CCsIT are, hereby, ordered to hold the charge(s) as indicated against their names, in addition to their substantive charge/additional charge(s), if any, being held by them, with effect from 01.03.2022 and until further orders: –

IBBI suspends registration of Registered Valuer till pendency of criminal proceeding

February 28, 2022 4950 Views 0 comment Print

In the instant matter, the Authority finds that the chargesheet has been filed against Mr. Prabhu. The provisions of IPC under which charges have been framed are severe in nature and pertains to professional conduct of a valuer which are as follows – (a) Section 201- Causing disappearance of evidence of offence, or giving false […]

Marine Products Export Development Authority (Amendment) Rules, 2021

February 28, 2022 375 Views 0 comment Print

1. (1) This Rule may be called the Marine Products Export Development Authority (Amendment) Rules, 2021. (2) This amendment shall be deemed to have come into force with effect from 1.1.2001.

GST diesel filled free of cost – divergence of opinion – AAAR Chhattisgarh

February 28, 2022 4884 Views 0 comment Print

In re Arvinder Singh Bhatia, Shree Jeet Transport (GST AAAR Chhattisgarh) Whether diesel filled free of cost by the service recipient in the engaged chartered (dedicated) vehicles, would form part of value of supply of service charged by the Appellant and whether GST would be leviable on value of diesel filled free of cost by […]

ITAT allows Income tax exemption to Sharda Mandir High School

February 28, 2022 1254 Views 0 comment Print

Sharda Mandir High School Vs CIT (ITAT Mumbai) The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has ruled that the unregistered Association of Persons formed by agreement merging two charitable Trusts eligible for exemption under Income Tax. The appellant Sharda Mandir High School which is an Association of person (AOP), against order passed by […]

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