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RFP for Appointment of Concurrent Auditor with Bank of Baroda

May 26, 2022 6801 Views 0 comment Print

Bank of Baroda, Alkapuri Baroda, Gujarat RFP for Appointment of concurrent audits for accounts opened / RE-KYC / KYC Updation / CDD of authorised  signatories and Beneficial Owners (BOs) in case of Legal Entity (LE) / any other activity as proposed by the RBI / Bank through V-CIP process conducted by the V-CIP cells Request […]

Citizens can now access Digilocker services on MyGov Helpdesk on WhatsApp

May 26, 2022 894 Views 0 comment Print

Citizens can now access Digilocker services on the MyGov Helpdesk on WhatsApp Citizens can now download Digilocker documents such as PAN card, driving license, vehicle registration certificate, among others MyGov Helpdesk on WhatsApp will further PM Shri Narendra Modi’s vision of Digital India and Ease of Living WhatsApp users can use chatbot by simply sending […]

RBI cancels Registration of 5 NBFCs due to irregular lending practices

May 25, 2022 429 Views 0 comment Print

RBI cancelled Certificate of Registration of five Non-Banking Financial Companies (NBFCs) due to irregular lending practices

Instructions regarding processing of applications for registration in FORM GST REG 01

May 24, 2022 2367 Views 0 comment Print

It has come to the notice of the Head Office that few Proper Officers in the State are insisting on personal appearances or seeking extraneous information from the applicants seeking fresh registration under GST.

No addition for receipt of sales in cash under section 68

May 23, 2022 3144 Views 0 comment Print

Kanchan (Widow) Vs ITO (ITAT Jaipur) AO admitted the fact that the appellant has made the sales supported by delivery challan and invoice and copy of party’s ledger account. This sale since accepted and the receipt of the sales in cash cannot be considered as an amount of income under the provision of section 68 […]

Eligibility for two family pensions- clarification

May 23, 2022 1185 Views 0 comment Print

Representations received seeking clarification in regard to entitlement of a member if family for family pension from two different sources in respect of the same Government servant/pensioner

Prohibition on export of wheat – Advisory against fraudulent back dated Letter of Credit

May 23, 2022 543 Views 0 comment Print

For registration of L/C with the RAs of DGFT, apart from the L/C date, the message exchange date between the Indian and foreign bank / Swift date should also be on or prior to 13.5.2022.

Lawful expense cannot be disallowed merely for claim under wrong head

May 23, 2022 1974 Views 0 comment Print

ACIT Vs Uniworth Textiles Ltd. (ITAT Kolkata) We find that during the year the assessee has written off the sum of Rs. 84,56,692/- on account of sundry balance written off which was charged to the account of profit and loss account. We note that the substantial part of the amount represented the stock written off […]

GST exempt on supply of Occupation Health Check­up Service

May 23, 2022 1920 Views 0 comment Print

In re Baroda Medicare Private Limited (GST AAAR Gujarat) AAAR held that supply of Occupation Health Check­up Service by the hospital i.e. nursing staff, Doctors, Paramedical staff on hospital’s payroll working in different corporate for providing health check-up services, ambulance facility and allied medical services to their employees and also the camps conducted for health […]

No bar under law to initiate fresh reassessment proceedings

May 23, 2022 696 Views 0 comment Print

Shivsamarth Group Vs PCIT (ITAT Pune) Admittedly, in the present case, the order which is sought to be revised is the order dropping the reassessment proceedings u/s 147 of the Act. On carefully going through the material on record, it would be clear that the original reassessment proceedings were initiated with view to tax the […]

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