During an investigation pertaining to M/s Oppo Mobiles India Private Limited (hereinafter referred to as ‘Oppo India’), a subsidiary company of “Guangdong Oppo Mobile Telecommunications Corporation Ltd”, China (hereinafter referred to as ‘Oppo China’), the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 4,389 crore. Oppo India is engaged in the […]
DGGI Gurugram arrests one person for fraudulently availing ITC and evading GST of Rs 52.04 crore The Gurugram Zonal Unit (GZU) of Directorate General of GST Intelligence (DGGI), has arrested one person under the provisions of the GST Act on charges of availment of Input Tax Credit on the strength of goods-less invoices. An intelligence […]
Results of the Chartered Accountants Final Examination held in May 2022 are likely to be declared on Friday, the 15th July, 2022(evening)/Saturday, the 16th July, 2022 Examination Department The Institute of Chartered Accountants of India 13th July 2022 IMPORTANT ANNOUNCEMENT The results of the Chartered Accountants Final Examination held in May 2022 are likely to […]
Enterprise companies have continuously been challenged to keep pace with the ever increasing statutory requirements. TDS & TCS is one such set of compliances mandated by the Income Tax Department. Based on a couple of recent surveys, the key challenges faced by Enterprises in order of relevance are listed below: Robust Centralized Compliance Management for […]
The Adjudicating Authority of ED has adjudicated a SCN issued to M/s Amnesty India International Pvt. Ltd.(AIIPL) and its CEO Shri Aakar Patel for contravention of the provisions of FEMA and imposed penalty of Rs. 51.72 Crore and Rs 10 Crore respectively. Enforcement Directorate Press Release 08.07.2022 The Adjudicating Authority of Directorate of Enforcement (ED) […]
ED has carried out searches at 48 locations across the country belonging to VIVO Mobiles India Private Limited and its 23 associated companies under PMLA, 2002. So far, 119 bank accounts with gross balance of Rs. 465 Crore including FDs of 66 Crore of Vivo India, 2kg gold bars, and Rs. 73 Lakh cash have been seized.
Request for Extension of due dates of Income tax returns for salaried and non-corporate (not subject to audit) taxpayers from 31.07.2022 to 31.08.2022 GUJARAT CHAMBER OF COMMERCE AND INDUSTRY Pathik S. Patwari President Ajay H. Patel Sr. Vice President Yogesh D. Parikh Vice President 8th July, 2022 To, The Hon’ble Chairman, Central Board of Direct […]
In the past, it was observed that a Registrar and Transfer Agent of a Mutual Fund had redeemed all its units from a scheme, being privy to certain sensitive information pertaining to scheme of Mutual Fund
Income Tax Department conducts searches on Pharmaceutical Manufacturers and Distributors in Haryana and Delhi-NCR The Income Tax Department carried out search and seizure operations on 29.06.2022 on a group engaged in the business of manufacturing and distribution of Pharmaceutical medicines and Real Estate Development. The search action covered 25 premises in Delhi-NCR and Haryana. A large number […]
Income Tax Department carried out search and seizure operations on a group engaged in the business of mining, processing and trading of black stones.
