Digital Lending Apps/Platforms (DLAs): Mobile and web-based applications with user interface that facilitate digital lending services. DLAs will include apps of the Regulated Entities (REs) as well as those operated by Lending Service Providers (LSPs) engaged by REs for extending any credit facilitation services in conformity with extant outsourcing guidelines issued by the Reserve Bank.
It has come to notice of SEBI that stock brokers provide algorithmic trading facility to investors through such platforms. In order to prevent any mis-selling and to protect the interest of investors in securities market, SEBI has now issued a circular
CBDT notifies Control of income-tax authorities under Section 118 of the Income-tax Act, 1961 vide Notification No. 106/2022- Income Tax | Dated: 2nd September, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 106/2022- Income Tax | Dated: 2nd September, 2022 S.O. 4156(E).—In exercise of the powers conferred by […]
ED has seized immovable property at Thanjavur valued at Rs. 8.94 Crore belonging to M/s G V Films Limited, Chennai under FEMA, 1999 in connection with siphoning off foreign exchange in the guise of issuance of 6.4 million number of Global Depository Receipts (GDR) to the tune of Rs. 345.6 Crore. Press Release 01.09.2022 Directorate […]
Centre issues 63 show cause notices to the manufactures/importers of weighing and measuring instruments to seek details of compliance Centre, through Department of Legal Metrology has issued 63 show cause notices to the manufacturers/importers of the weighing and measuring instruments for seeking details of compliance. The notices were issued to manufacturers/ importers/ sellers on e-commerce […]
It is a pleasure to inform you all that the Direct Taxes Committee of ICAI has released the much awaited and thoroughly revised edition of its flagship publication ‘Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961 – AY 2022-23’.
CBDT relaxes quoting of PAN-Aadhaar No. in certain transactions vide Notification No. 105/2022 -Income Tax | Dated: 1st September, 2022. MINISTRY OF FINANCE (Department of Revenue) (Central Board of Taxes) New Delhi Notification No. 105/2022 -Income Tax | Dated: 1st September, 2022 G.S.R. 677(E).—In exercise of the powers conferred by section 139A read with section 295 […]
Income Tax Department conducts searches on a prominent Transmission Tower manufacturing group in West Bengal The Income Tax Department carried out a search and seizure operation on 24.08.2022 on a prominent Kolkata based group, engaged in manufacturing of Power Transmission & Distribution (T&D) Structure, Steel Structures, Steel ERW Pipes and Polymer products, etc. The search […]
For six months in a row now, the monthly GST revenues have been more than the ₹ 1.4 lakh crore mark. The growth in GST revenue till August 2022 over the same period last year is 33%, continuing to display very high buoyancy.
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver vide Notification No. 72/2022-CUSTOMS (N.T.) Dated: 31st August, 2022. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi Notification No. 72/2022-CUSTOMS (N.T.) Dated: 31st August, 2022 S.O. 4090(E).– In exercise of the powers […]
