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ICAI CMA institute dissolved ‘Bhadravati-Shimoga Chapter’

December 26, 2021 732 Views 0 comment Print

Council of the Institute of Cost Accountants of India held on 11th and 12th September, 2021 has dissolved the following Chapter of The Institute of Cost Accountants of India: Bhadravati-Shimoga Chapter

Classification of Unfavoured/API/Chikni/Flavoured supari

December 25, 2021 2664 Views 0 comment Print

In re UBS Exports International Pvt. Ltd. (CAAR Mumbai) Advance ruling has been sought on classification of four different goods, each known as ‘supari‘ in common trade parlance, albeit with differentiator, viz. API, Chikni, Unflavoured and Flavoured. The basic raw material for each of the four goods is raw betel nut, which is classifiable under […]

Dealings in Illiquid Stock Options at the BSE – SEBI imposes Penalty

December 24, 2021 6849 Views 0 comment Print

SEBI conducted an investigation into the trading activity in illiquid stock options on BSE Limited for the period April 01, 2014 to September 30, 2015

Empanelment of Senior & Junior Standing Counsel For Income Tax Dept, Odisha

December 24, 2021 2748 Views 0 comment Print

Office of the Pr. Chief Commissioner of Income Tax, Bhubaneswar invites applications from eligible advocates for empanelment as Senior Standing Counsel & Junior Standing Counsel for representing the Department on Direct Tax matters

Amended provisions related to deduction for ESI/PF applicable from AY 2021-22

December 24, 2021 5640 Views 0 comment Print

Abhimanyu Sharma Vs ITO (ITAT Jaipur) In the instant case, admittedly and undisputedly, the employees’ contribution to ESI and PF collected by the assessee from its employees have been deposited well before the due date of filing of return of income u/s 139(1) of the Act and therefore, the legal proposition laid down in aforesaid […]

Form 66 for submission of Compliance Certificate with ROC

December 24, 2021 1437 Views 0 comment Print

FILLING OF EFORM –66 – Form for submission of Compliance Certificate with the Registrar of Companies (ROC) After the eForm 66 has been filled, click the Prescrutiny button to prescrutinise the eForm. If the eForm 66 is not prescrutinised, it shall be rejected when you attempt to upload the eForm 66. This eForm 66 shall […]

Form 23B- Information by Auditor to Registrar of Companies

December 24, 2021 1347 Views 0 comment Print

EFORM – 23B- Information by Auditor to Registrar of Companies -After the eForm 23B has been filled, click the Pre scrutiny button to prescrutinise the eForm 23B. If the eForm 23B is not prescrutinised, it shall be rejected when you attempt to upload the eForm 23B. -This eForm 23B shall be taken on record through […]

VAT expenses on deemed import eligible for set off against VAT output

December 23, 2021 1203 Views 0 comment Print

Starline Organics Pvt. Ltd. Vs PCIT (ITAT Ahmedabad) On perusal of the details filed by the assessee, we note that the assessee has incurred VAT expenses on the deemed import which are eligible to be set off against the VAT output. Thus the finding of the learned principal CIT that there was no VAT input […]

FM concludes pre-Budget meetings for forthcoming Union Budget 2022-23

December 23, 2021 573 Views 0 comment Print

Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2022-23 More than 120 invitees representing 7 stakeholder groups participated in 8 virtual meetings Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for Budget 2022-23 held in virtual mode from 15th to 22nd December, 2021. More […]

Govt Constitutes a Quality Review Board

December 23, 2021 402 Views 0 comment Print

Central Government, hereby, constitutes a Quality Review Board, consisting of the following persons, namely : Shri G. C. Chaturvedi, Shri P. A. Balasubramanian, Shri K. K. Mishra, Shri Rajesh Dalmia and Ms. Hema Malini

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