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Representation to extend due date of filing ITR to 31st August, 2022

July 27, 2022 30225 Views 3 comments Print

Representation to extend the due date of filing Income Tax Returns u/s 139(1) of the Income Tax Act, 1961 in non-audit cases from 31st July, 2022 to 31st August, 2022 by Sikar Tax Bar Association. Sikar Tax Bar Association, Sikar To, Date: 24th July, 2022 Smt. Nirmala Sitharaman Chairman, Goods and Service Tax Council and […]

Govt monitoring price rise situation of major essential commodities

July 27, 2022 591 Views 0 comment Print

The price situation of major essential commodities is monitored by the Government on a regular basis and corrective action is taken from time to time.

Major reasons for weakening of Indian Rupee against US Dollar

July 27, 2022 684 Views 0 comment Print

Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial conditions are major reasons for weakening of Indian Rupee against the US Dollar While the Indian Rupee has weakened against the US Dollar, it has strengthened against other major currencies such as the British pound, the Japanese yen and the Euro during 2022. This […]

Denial and Renewal of FCRA

July 27, 2022 2715 Views 0 comment Print

During preceding 3 years (2019, 2020, 2021) registration certificates of 1811 number of Associations have been cancelled under the provisions of the Foreign contribution Regulation Act, 2010 (FCRA 2010). Reasonable opportunity of being heard is given in terms of Section 14(2) of FCRA 2010, by issuing Show Cause Notice before a decision about cancellation of […]

Scheme Launched by Government for MSMEs

July 27, 2022 675 Views 0 comment Print

Government has launched a World Bank supported Central Sector Scheme called Raising and Accelerating MSME Performance (RAMP).  The scheme aims at strengthening institutions and governance at the Centre and State, improving Centre-State linkages and partnerships and improving access of MSMEs to market and credit, technology upgradation and addressing issues of delayed payments and greening of […]

ICAI not in favor of making Representation for ITR Due Date Extension

July 26, 2022 12561 Views 1 comment Print

Dear Professional Colleague, As you may be kindly aware that the due date to file ITR Forms for certain assessees as specified in clause (c) of Explanation 2 to section 139(1) of the Income-tax Act, 1961 for Assessment Year 2022-­23 is 31st July, 2022 which is just round the corner and fast approaching. We are […]

Request to Extend Due date of Income Tax Returns and Tax Audit

July 26, 2022 17271 Views 1 comment Print

Representation by BJP Professional cell, Mumbai for extension of due date for filing ITR for AY 2022-23 and Tax Audit pursuant to system glitches by 3 months including that of Registration of company forms. BJP Professional cell, Mumbai Dt.23.07.2022 To, 1. Smt. Nirmala Sitharaman, Hon’ble Union Finance Minister 2. Mr Nitin Gupta Chairman Central Board of […]

Income Tax Department conducts searches in Mumbai

July 26, 2022 555 Views 0 comment Print

Income Tax Department carried out a search and seizure operation on 05.07.2022 on a group engaged in agro and textile business, and another group of entry operators. A total of 27 premises were covered during the search action in Mumbai and Delhi NCR. During the course of the search operation, a large number of incriminating evidences […]

SEBI cautions Intending Buyers Against Dealing with Properties of PACL

July 26, 2022 3390 Views 0 comment Print

The properties of PACL Ltd. seized by CBI and made available to the Committee are listed on the Committee’s websites namely, sebipaclauctionl.com and www.sebipaclproperties.com.

Representation to Extend ITR Due Date of Non Audit Case for AY 2022-23

July 25, 2022 32853 Views 4 comments Print

Due date for filing Income Tax Return u/s 139(1) for the assessee not required to get the books of accounts audited for the Assessment Year 2022-23 should be extended at least up to 31st August,  2022 at earliest.

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