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Budget 2022: Exhaustive analysis of changes in GST, excise & custom duty

February 1, 2022 16242 Views 0 comment Print

Finance Minister has introduced the Finance Bill, 2022 in Lok Sabha today, that is 1st February, 2022. Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2022.

Taxpayers Can File Updated Income Tax Return Within Two Years

February 1, 2022 6261 Views 0 comment Print

Government proposes to permit taxpayers to file an updated return on payment of additional tax within two years from the end of the relevant assessment year announced the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman while presenting the Union Budget 2022-23 in the Parliament today

Summary of Union Budget 2022-23

February 1, 2022 38967 Views 0 comment Print

India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs Smt Nirmala […]

Highlights of The Union Budget 2022-23

February 1, 2022 48756 Views 2 comments Print

HIGHLIGHTS OF THE UNION BUDGET 2022-23 The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the budget are as follows: PART A India’s […]

Budget 2022-2023 Speech of FM Nirmala Sitharaman

February 1, 2022 5829 Views 0 comment Print

Budget 2022-2023 Speech of Nirmala Sitharaman Minister of Finance February 1, 2022 Hon’ble Speaker, I present the Budget for the year 2022-23. Introduction 1. At the outset, I want to take a moment to express my empathy for those who had to bear adverse health and economic effects of the pandemic. 2. The overall, sharp […]

Finance Bill 2022 or Union Budget 2022-23

February 1, 2022 38751 Views 0 comment Print

FM Nirmala Sitharaman’s presented her fourth budget today i.e. on 1st February 2022.  In budget FM has introduced Tax on Virtual Currencies, Introduces no change in Tax Rate for Individuals, Provided relief on Surcharge on LTCG etc. AS INTRODUCED IN LOK SABHA ON 1st FEBRUARY, 2022 Bill No. 18 of 2022 THE FINANCE BILL, 2022 […]

Representation on hardships being faced in obtaining new GST registration

February 1, 2022 10188 Views 6 comments Print

Representation with respect to hardships being faced while obtaining new GST registration number & Request to issue suitable SOP and Trade Notice or Circular or Guidelines with respect to new GST registration by All Gujarat Federation of Tax Consultants and Income Tax Bar Association, Ahmedabad. ALL GUJARAT FEDERATION OF TAX CONSULTANTS 303, B wing, Pratyaksh […]

Fabrication of documents not permissible even if it not cause loss to revenue: SC

February 1, 2022 5088 Views 0 comment Print

Even  assuming for a moment that the petitioners produced fake and fabricated documents, that has not caused any wrongful loss to the Government. Hence, this Court is of the view that a registration of crime and conducting investigation are abuse of process of law and, hence, the proceedings in the crime are liable to be quashed.

FRN compulsory for UDIN Generation from 1st February 2022

January 31, 2022 13605 Views 0 comment Print

Sub: FRN will be compulsory field for UDIN Generation from 12.00 am of 1st February 2022 This is to state that Firm Registration Number (FRN) will be a compulsory field for generating UDIN from 12.00 am of 1st February 2022. The FRN will be displayed in the dropdown which will be fetched from the SSP […]

Empanelment For Concurrent Audit with J&K Grameen Bank

January 31, 2022 3399 Views 0 comment Print

J&K Grameen Bank invites applications on the under-noted prescribed format from Bank Retirees as well as practicing ‘Firms / Partnership firms of Chartered/Cost Accountants in India’ who fulfill the eligibility criteria as mentioned hereunder and are willing to serve J&K Grameen Bank as Concurrent Auditors for conducting Concurrent Audit of branches for the Financial Year 2022-2023.

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