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Govt renames Direct Tax Regional Training Institutes as National Academy of Direct Taxes

February 8, 2022 3051 Views 0 comment Print

With the approval of the Competent Authority, the Direct Tax Regional Training Institutes listed below in column (1) are hereby renamed as Regional Campus of National Academy of Direct Taxes

ICAI removes name of 4 CA members for from Register of Members

February 4, 2022 10350 Views 0 comment Print

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 4th February, 2022 (Chartered Accountants) No. PPR/P/052/18/DD/12/ INF/19/DC/1355/2020.— 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 […]

Labour Codes (Repeal) Act, 2021 introduced in Rajya Sabha

February 4, 2022 6873 Views 0 comment Print

Labour Codes (Repeal) Act, 2021 while changing the designation of Inspector as Inspector cum Facilitator and restraining their regular and routinely mandated duties for regular inspection to verify the compliance of Act by the employers and allowing inspection only with the prior permission from the highest level of the appropriate government, virtually banned or crippled the system of inspection itself, thereby giving a complete go-bye to strong enforcement of the Act itself.

BMC exempts residential Property of 500 sq. feet or less from property Tax

February 2, 2022 38811 Views 0 comment Print

From the 1st January 2022, the Mumbai Municipal Corporation shall not levy any tax component of property tax specified in sub-section (1) of section 139A, on the residential buildings or residential tenements, having carpet area of 46.45 sq. meter (500 sq. feet) or less. URBAN DEVELOPMENT DEPARTMENT Mantralaya, Madam Cama Marg, Hutatma Rajguru Chowk, Mumbai […]

Last Date to Submit applications for MEIS, SEIS, ROSCTL, ROSL extended

February 1, 2022 5148 Views 0 comment Print

The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.01.2022 has been extended to 28.02.2022.

Conditions for ESIC COVID-19 Relief Scheme relaxed

February 1, 2022 972 Views 0 comment Print

The deceased Insured Person must have been in employment on the date of diagnosis of COVID19 disease and contributions for at least 35 days should have been paid or payable in respect of him / her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in death.

Finance Bill 2022 or Union Budget 2022-23

February 1, 2022 38637 Views 0 comment Print

FM Nirmala Sitharaman’s presented her fourth budget today i.e. on 1st February 2022.  In budget FM has introduced Tax on Virtual Currencies, Introduces no change in Tax Rate for Individuals, Provided relief on Surcharge on LTCG etc. AS INTRODUCED IN LOK SABHA ON 1st FEBRUARY, 2022 Bill No. 18 of 2022 THE FINANCE BILL, 2022 […]

Govt increases Basic Excise Duty on Unblended Petrol and Diesel

February 1, 2022 2715 Views 0 comment Print

Seeks to further amend Notification No. 11/2017- Central Excise, dated 30th June, 2017, to increase Basic Excise Duty on Unblended Petrol and Diesel, in order to promote Blending in the country vide Notification No. 01/2022 -Central Excise Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF […]

Govt amends exemption notifications related to electronic items & medical devices

February 1, 2022 3090 Views 0 comment Print

Seeks to amend various notifications giving exemption to electronic items and medical devices vide Notification No. 15/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 15/2022-Customs New Delhi, the 1st February, 2022 G.S.R.89(E). – […]

Govt amends notification No. 25/1999-Customs to omit redundant entries

February 1, 2022 5445 Views 0 comment Print

Seeks to amend notification No. 25/1999-Customs dated 28.02.1999 to omit redundant and obsolete entries. vide Notification No. 14/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 14/2022-Customs New Delhi, the 1st February, 2022 G.S.R.88(E). […]

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