Office Order No. 304 of 2021 – Promotion of officers to the grade of Commissioner of Income Tax (CIT) on in-situ basis F. No. A-32011/2/2021-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi, The 08th November. 2021. Office Order No. 304 of 2021 Consequent upon […]
The proper officer may scrutinize the returns and related particulars furnished by a registered person to verify the correctness of the returns filed. Specific instances have come to the notice wherein proper procedures have apparently not been followed during the scrutiny of returns and thenceforth actions.
Presently, the scrutiny of annual returns for the year 2017-18 is being done. Since defect notices are given after a larger time span, the defects perpetually get accumulated. The dealers will find it challenging to remit the consequent taxes, penalties, and interest being substantially larger amounts. The tax compliance mechanism will thus get much complicated, and the dealers forced to pursue long-driven litigation.
The procedure for issue of fresh passbook in lieu of old / used up passbook is prescribed in Rule 44 of POSB CBS Manual. But there is no clarity whether the fresh passbook of account standing in CBS Post Offices (P0) can be issued by any other CBS PO.
Government of India has taken a significant decision of reducing Central Excise Duty on Petrol & Diesel by Rs. 5 and Rs. 10 respectively from tomorrow. Prices of petrol & diesel will thus come down accordingly.
It has come to the notice of SEBI that some registered Debenture Trustees are undertaking activities related to unregulated products such as acting as a trustee for digital gold.
SEBI notifies Common and Simplified Norms for processing investor’s service request by RTAs and norms for furnishing PAN, KYC details and Nomination
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 4th November, 2021 vide Notification No. 90/2021- Customs (N.T.) | Dated: 3rd November, 2021. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs ***** Notification No. 90/2021- Customs (N.T.) New Delhi, dated the 3rd […]
1) These rules may be called the Mineral Conservation and Development (Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.
(1) These regulations may be called the Food Safety and Standards (Food Products Standards and Food Additives) Fourth Amendment Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette and food business operator shall comply with all the provisions of these regulations with effect from 1st day of the June, 2022.
