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Income Tax Department Searches two Business Groups of Rajasthan

December 29, 2021 753 Views 0 comment Print

Income Tax Department conducts searches in Rajasthan The Income Tax Department carried out search and seizure operations on 22.12.2021 on two groups and their business entities. One group is engaged in the business of manufacturing electrical switches, wires, LEDs, real estate and hotel business in Rajasthan, Maharashtra and Uttarakhand whereas, the other group is engaged […]

Income Tax Dept searches 2 business groups of Nandurbar & Dhule districts

December 29, 2021 972 Views 0 comment Print

The Income Tax Department carried out search and seizure operations on 22.12.2021 on two business groups of Nandurbar and Dhule districts of Maharashtra. These groups are engaged in the business of civil construction and land development. The search operation covered more than 25 premises spread across Nanndurbar, Dhule and Nashik.

CS Foundation Programme Mock Test on 29th December 2021

December 29, 2021 723 Views 0 comment Print

To familiarize the Students with the remote proctoring process, ICSI has decided to conduct a mock test for 1 hour’s duration on 29th December, 2021. Appearance in the mock test is compulsory in view of its importance and usefulness for the Students. It will be in the best interest of the Students.

Exposure Draft Guidance Note on Accounting for Hydropower Industry

December 29, 2021 3801 Views 0 comment Print

Hydro power generating industry, which is a green source of power, involves activities relating to pre-construction, construction activities, operation & maintenance and renovation & modernisation thereof. These projects are highly capital intensive

8 Steps to Submit EPF/EPS Nomination Digitally!

December 29, 2021 8778 Views 0 comment Print

Members should file e-nomination today to ensure social security of their family. Follow these easy steps to file EPF/EPS enrollment digitally. Submit EPF/EPS Nomination Digitally! Steps to submit EPF/EPS Nomination Digitally: Step 1- Visit EPFO website i.e. https://www.epfindia.gov.in > > Services > For Employees > > Click ‘Member UAN/Online Service ‘. Step 2- Login with […]

Glitches on Income Tax Portal & request for due date extension

December 28, 2021 16194 Views 2 comments Print

The Chamber Of Tax Consultants has made a representation to Smt. Nirmala Sitharaman on Technical glitches in the Income-tax e-fining portal and  Requested for Extension of due dates for filing Return of Income. Full text of their representation is as follows:- THE CHAMBER OF TAX CONSULTANTS Date: 27th December, 2021 To, 1. Smt. Nirmala Sitharaman, […]

Request to Extend due dates under Income Tax Act & Companies Act

December 28, 2021 27969 Views 1 comment Print

Delhi Tax Bar Association has made a representation to Hon’ble FM Nirmala Sitharaman Ji and requested for Extension of Due Dates for Submission of Income Tax Returns and various Audit Reports under the Income Tax Act and Companies Act. DELHI TAX BAR ASSOCIATION Formerly Bar Association (Income Tax) (ESTD. 1954-55) G-09, CENTRAL REVENUE BUILDING, INDRAPRASTHA […]

Levy of 12% GST on Textiles : Request for deferment of implementation

December 28, 2021 7401 Views 0 comment Print

Confederation of All India Traders requested for deferment of implementation of levy of 12% GST on Textiles. As according to them increase in GST Rate on Textile is illogical and beyond the canon of GST tax structure particularly at a time when the domestic trade of the Country is on the verge of recovery from […]

CBIC clarifies on Explanation added in Section 75(12) of CGST Act

December 28, 2021 41763 Views 1 comment Print

CBIC clarifies on twitter on Explanation added in Section 75(12) of CGST Act vide  Finance Act, 2021 with effect from 01.01.2022 which was notified vide Notification No. 39/2021–Central Tax | Dated: 21st December, 2021.Explanation added was as follows:- Explanation: For the purposes of this sub-section, the expression “self-assessed tax” shall include the tax payable in […]

Public Debt Management Quarterly Report for July – September 2021 (Q2 FY22)

December 28, 2021 1557 Views 0 comment Print

Since Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle Office), Budget Division, Department of Economic Affairs, Ministry of Finance, has been bringing out a quarterly report on debt management on a regular basis. The current report pertains to the quarter July – September 2021 (Q2 FY22).

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