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Budgetary allocations increased for development of Youth & Yuvashakti

February 2, 2022 1146 Views 0 comment Print

The budget is a blue print to fulfill the aspirations and hopes of NewIndia@100: Shri Anurag Thakur Ministry of Youth Affairs & Sports allocated Rs 3062.60 crore in the budget of 2022-23, an 11.08 percent rise in allocated budget as compared to the Budget estimate of 2021-22 Budgetary outlay for sports facilities and development of […]

Budget 2022-23: 5 river linking projects on cards after consensus of beneficiary states

February 2, 2022 930 Views 0 comment Print

Budget 2022-23: Five river linking projects on cards after consensus of beneficiary states Mentioning the status of proposed five river linking projects in country, Union Finance Minister Nirmala Sitharaman said in her Budget speech that draft Detailed Project Reports (DPRs) of these river links have been finalized and consensus among beneficiary states is awaited. River […]

Applicability of Social Welfare Surcharge on goods exempted from basic and other customs duties/cesses

February 1, 2022 6321 Views 1 comment Print

Circular No. 3/2022-Customs No. CBIC-190354/262/2021-TRU Section-CBEC Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** Room No. 156, North Block New Delhi, dated the 1st of February, 2022 To, All Principal Chief Commissioners/ Chief Commissioners of Customs/Customs (Preventive), All Principal Chief Commissioners/ Chief Commissioners of Customs & Central Tax, All Principal […]

Maharashtra relaxes Covid-19 curbs from 1st February 2022

February 1, 2022 3936 Views 0 comment Print

a) Beaches, Gardens, Parks to remain open as per normal timing before the advent of the COVID-19 pandemic. b) Amusement/ Theme parks to remain operational with 50% of the operational capacity. c) Swimming Pools, Water-Parks to remain open with 50% capacity.

SEBI Circular on Schemes of Arrangement by Listed Entities

February 1, 2022 2688 Views 0 comment Print

No Objection Certificate (NOC) from the lending scheduled commercial banks/ financial institutions/ debenture trustees, from not less than 75% of the secured creditors in value.

Budget 2022 to strengthen Energy Transition journey & fight climate change: Power Minister

February 1, 2022 861 Views 0 comment Print

The risks of climate change are the strongest negative externalities that affect India and other countries, the Union Finance Minister said while addressing the Parliament. She re-iterated the low carbon development strategy, announced by the Prime Minister, as an important reflection of our government’s strong commitment towards sustainable development.

Changes in Excise Duty vide Budget 2022- Detailed Analysis

February 1, 2022 8667 Views 0 comment Print

Memorandum Explaining the Provisions in Finance Bill, 2022 (Budget 2022-23) related to Amendments In The Fourth Schedule, Change In Effective Rate Of Additional Basic Excise Duty On Unblended Petrol And Diesel, Amendments In The Schedule VII Of The Finance Act, 2001 (NCCD SCHEDULE) an d other Changes [Including Certain Clarifications/Technical Changes]. EXCISE Note: (a) “Basic […]

Changes in GST vide Budget 2022- Detailed Analysis

February 1, 2022 15303 Views 0 comment Print

Memorandum Explaining the Provisions in Finance Bill, 2022 (Budget 2022-23) Relating To  Amendments in the CGST Act, 2017, Amendments in the IGST Act, 2017, Amendments in the UTGST Act, 2017 and Retrospective Amendments of GST Rate Notifications. Goods and Service Tax Note: (a) CGST Act means Central Goods and Services Tax Act, 2017 (b) IGST […]

Changes in Custom Duty vide Budget 2022- Detailed Analysis

February 1, 2022 23844 Views 1 comment Print

Memorandum Explaining the Provisions in Finance Bill, 2022 (Budget 2022-23) Relating To  Amendments in the Customs Act, 1962 Other Legislative Amendments Pertaining To Customs, Amendments in the First Schedule to the Customs Tariff Act, 1975, Pruning and Review of Customs Duty Concessions/ Exemptions, Proposals Involving Changes in Effective Basic Customs Duty Rates In Respect Of […]

Exhaustive Analysis of Proposed Changes vide Finance Bill, 2022

February 1, 2022 14130 Views 0 comment Print

Provisions of Finance Bill, 2022, relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as ‘the Act’), to continue reforms in direct tax system through tax-incentives, removing difficulties faced by taxpayers and rationalization of various provisions.

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