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Budget 2022-2023 Speech of FM Nirmala Sitharaman

February 1, 2022 6414 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 40764 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 11229 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 5760 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 14787 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 3846 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.

Summary of The Economic Survey 2021-22

January 31, 2022 6900 Views 0 comment Print

Economic Survey 2021-22 states that the year ahead is well poised for a pick-up in private sector investment with the financial system in a good position to provide support to the revival of economy.

Submitting Investment Declaration form: Things to ponder on

January 31, 2022 10803 Views 0 comment Print

As a salaried employee, he/she must submit a tax declaration form via Form 12BB at the beginning of each financial year or 3 months prior to the close of the particular financial year. The form is statement of claims that and employee gives for deduction of tax to his/her employer to claim exemptions or deductions […]

Contents of Annual Union Budget in nutshell

January 31, 2022 8472 Views 0 comment Print

Budgets are announced by states and center to provide an idea as to from the money will come and where the money will go so far as government functioning is concerned. The budget is also an indicator with regard to the government’s vision as to where resources should be utilized for overall development of the […]

Budget 2022 – Expectations of Gem & Jewellery Sector

January 30, 2022 8262 Views 0 comment Print

The Gems and Jewellery industry contributes to 7.5% to India’s Gross Domestic Product (GDP) and 14% to India’s total merchandise exports. The gem and jewellery sector is likely to employ 8.23 million persons by 2022, from 5 million in 2020. Based on its potential for growth, employment generation and value addition, the Government declared gems […]

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