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India & USA agree on a transitional approach on Equalisation Levy 2020

November 25, 2021 1629 Views 0 comment Print

On October 8, 2021, India and United States joined 134 other members of the OECD/G20 Inclusive Framework (including Austria, France, Italy, Spain, and the United Kingdom) in reaching agreement on the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalization of the Economy.

Income Tax Dept searches two real estate groups based in Delhi-NCR

November 25, 2021 2196 Views 0 comment Print

The Income Tax Department carried out a search and seizure operation on two real estate groups based in Delhi-NCR on 17.11.2021. These groups are engaged in the construction of commercial and residential projects.

IBBI invites comments on Cross-Border Insolvency under IBC, 2016

November 25, 2021 3201 Views 0 comment Print

‘Cross-border insolvency’ denotes circumstances in which an insolvent debtor has assets and/or creditors in more than one country. With the rapid increase in globalisation and the advent of sophisticated communications technology, cross-border trade and investment has increased the dependence of national economies on each other.

PNB denies Vulnerability In PNB Server

November 25, 2021 1155 Views 0 comment Print

Regarding Vulnerability In PNB Server As Reported By Cyberx9 REPLY TO media report DATED 21st November 2021 regarding Vulnerability in PNB server as reported by CyberX9 We have noted the media report published in certain newspapers on 21.11.2021 reporting data exposure of account holders of PNB. In this context, we wish to clarify as under: […]

List of 26 New Bills to be presented in Lok Sabha with Object

November 24, 2021 2139 Views 0 comment Print

List of 26 New Bills to be presented in Lok Sabha with Object which includes The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021, The Insolvency and Bankruptcy (Second Amendment) Bill, 2021, The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, The Pension Fund Regulatory and Development Authority […]

Income Tax Dept searches leading Gutkha distributor in Gujarat

November 24, 2021 918 Views 0 comment Print

Income Tax Department conducts searches on a leading Gutkha distributor in Gujarat The Income Tax Department carried out search and seizure operations on a leading Gutkha distributor of Gujarat on 16.11.2021. The search action covered more than 15 premises at different locations in Ahmedabad. ​During the course of the search action, various incriminating documents and […]

FM inaugurates Income Tax Office cum Residential complex in Srinagar

November 23, 2021 1320 Views 0 comment Print

The Income Tax Department’s new Office-cum-Residential complex, ‘The Chinars’, at Srinagar, Jammu & Kashmir, was inaugurated today i. e. 22.11.2021 by hon’ble Finance Minister Smt. Nirmala Sitharaman in the presence of Lieutenant Governor of Jammu & Kashmir Sh. Manoj Sinha.

CCI releases Market Study on Pharmaceuticals Sector in India

November 23, 2021 2160 Views 0 comment Print

CCI releases key findings and observations on Market Study on Pharmaceuticals Sector in India The Competition Commission of India (CCI) has released here today a report titled ‘Market Study on the Pharmaceutical Sector in India: Key Findings and Observations’ (`the study’). The report may be accessed at: http://cci.gov.in/sites/default/files/whats_newdocument/Market-Study-on-the–Pharmaceutical–Sector-in-India.pdf With the overarching objective of understanding the […]

12% GST on Textiles is Shocking & needs to be withdrawn: CAIT

November 23, 2021 25536 Views 4 comments Print

The entire textile trade and industry is in shock on Government’s decision of increase in GST Rate on textile from 5% to 12& which is the second largest revenue generating commodity after agriculture.

BJP MP Varun Gandhi Writes to PM Modi Demanding Law on MSP

November 23, 2021 624 Views 0 comment Print

BJP MP Varun Gandhi Writes to PM Modi and requested that the demand for a law on MSP & other issues must also be decided upon immediately, so our farmers can return home after ending their agitation.

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