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Indian Antarctic Bill, 2022 introduced in Lok Sabha

March 29, 2022 522 Views 0 comment Print

THE INDIAN ANTARCTIC BILL, 2022 A BILL to provide for the national measures for protecting the Antarctic environment and dependent and associated ecosystems and to give effect to the Antarctic Treaty, the Convention on the Conservation of Antarctic Marine Living Resources and to the Protocol on Environmental Protection to the Antarctic Treaty and for matters connected therewith or incidental thereto.

e-Assessment of Income Escaping Assessment Scheme, 2022

March 29, 2022 7032 Views 1 comment Print

For the purpose of Assessment of Income Escaping Assessment Scheme, 2022 (a) assessment, reassessment or recomputation under section 147 of the Act, (b) issuance of notice under section 148 of the Act, shall be through automated allocation, in accordance with risk management strategy formulated by the Board as referred to in section 148 of the Act for issuance of notice, and in a faceless manner, to the extent provided in section 144B of the Act with reference to making assessment or reassessment of total income or loss of assessee.

CBDT notifies Late fees for Delayed/Non linking of PAN with Aadhaar

March 29, 2022 46671 Views 4 comments Print

CBDT notifies Late fees for Delayed/Non linking of PAN with Aadhaar vide Notification No. 17/2022-Income Tax Dated 29th March, 2022 which ranges from Rs. 500 to Rs. 1000. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 29th March, 2022 Notification No. 17/2022-Income Tax G.S.R. 229(E).—In exercise of the powers […]

NSDL revises Instruction for Filling Common Application Form

March 29, 2022 1584 Views 0 comment Print

Common Application Form (CAF) will be available for the FPI applicants on the website(s) of the Depositories viz. NSDL (www.nsdl.co.in) or (www.fpi.nsdl.co.in) and CDSL (www.cdslindia.com)

ICAI removes name of 3 members from the Register of Members

March 29, 2022 4134 Views 0 comment Print

ICAI removes name of 3 members from the Register of Members with effect from 29th March, 2022 In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007. […]

CBDT extends timelines under TOLA

March 28, 2022 18885 Views 0 comment Print

CBDT extends time line under Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TOLA) vide Notification No. 16/2022 Income Tax, [S.O. 1440(E)] dated: 28th March, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 28th March, 2022 Notification No. 16/2022 Income Tax S.O. 1440(E).—In exercise […]

Faceless Jurisdiction of Income-tax Authorities Scheme, 2022

March 28, 2022 4989 Views 0 comment Print

For the purpose of Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 the exercise of all or any or the powers and performance of all or any of the functions conferred on, or, as the case may be, assigned to income-tax authorities, by or under the Act as referred to in section 120 of the Act;

Constitution (Scheduled Castes and Scheduled Tribes) Orders (Second Amendment) Bill, 2022

March 28, 2022 2772 Views 0 comment Print

Constitution (Scheduled Castes and Scheduled Tribes) Orders (Second Amendment) Bill, 2022 seeks to amend the Constitution (Scheduled Castes) Order, 1950 and the Constitution (Scheduled Tribes) (Uttar Pradesh) Order, 1967, by mending the lists of Scheduled Castes and Scheduled Tribes in respect of the State of Uttar Pradesh.

Delhi Municipal Corporation (Amendment) Bill, 2022 introduced in Lok Sabha

March 25, 2022 1668 Views 0 comment Print

The main objective of trifurcation of the erstwhile Municipal Corporation of Delhi was to create compact municipalities at various centres in Delhi in the interest of providing more efficient civic services to the public. However, trifurcation of the erstwhile Municipal Corporation of Delhi was uneven in terms of territorial divisions and revenue generating potential. As a result, there was huge gap in the resources available to the three corporations compared to their obligations.

RBI Framework for Geo-tagging of Payment System Touch Points

March 25, 2022 744 Views 0 comment Print

In recent years, the payments ecosystem in India has witnessed rapid developments with a bouquet of payment systems, platforms, products and services available for consumers. Reserve Bank of India (Reserve Bank, Bank) is focused on deepening of digital payments and providing inclusive access to all citizens of the country, irrespective of their location or digital literacy.

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