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Maharashtra relaxes Covid-19 curbs from 1st February 2022

February 1, 2022 4008 Views 0 comment Print

a) Beaches, Gardens, Parks to remain open as per normal timing before the advent of the COVID-19 pandemic. b) Amusement/ Theme parks to remain operational with 50% of the operational capacity. c) Swimming Pools, Water-Parks to remain open with 50% capacity.

CBDT set-up up office for operationalising Interim Boards for Settlement

January 31, 2022 3765 Views 0 comment Print

CBIC hereby sets up office for the Interim Boards for Settlement (hereinafter referred to as ‘the IBS’) as specified in Column 2 of the Schedule below, with their headquarters at the places mentioned in Column 3 of the said Schedule and comprising of Income-tax Authorities as specified in Column 4 of the said Schedule.

Covid 19- State and UTs need to exercise caution and vigilance -MHA

January 27, 2022 1122 Views 0 comment Print

Kindly refer to the Ministry of Home Affairs’ (MHA) Order of even number issued today, vide which MHA Order dated 27.12.2021 issued to ensure compliance to the normative framework for taking evidence based COVID-19 containment measures, has been extended upto 28.02.2022.

Introduction of online PAN verification functionality in Finacle CBS System

January 25, 2022 15555 Views 0 comment Print

At present, in Finacle CBS System, the PAN Card of the Depositors are updated as part of KYC compliance. The PAN Card entered in the system is validated only based on the standard PAN format i.e. 10 ALPHA Numeric Characters. But the correctness of the PAN card numbers provided by the Depositors or the PAN entered by the Post Office officials are not validated with NSDL currently.

Office Order pursuant to CBDT Order No. 304 of 2021 dated 08.11.2021

January 24, 2022 2133 Views 0 comment Print

Office Order pursuant to CBDT Order No. 304 of 2021 dated 08.11.2021- In pursuance to the above and in exercise of the powers conferred by Explanation to sub-section (1) of section 120 of the Income-tax Act, 1961 as also section 59 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988), it is hereby ordered that the officers referred to in column (3) of the table hereunder, in the grade of Commissioners of Income-tax shall exercise the powers and perform the functions of the Income-tax Authority

Delhi Govt fixes maximum price for RT-PCR COVID19 test at Rs. 300

January 22, 2022 3465 Views 0 comment Print

Conventional RT PCR Test wherein samples are collected by Private lab teams for Government and processed further at their lab and Conventional RT PCR Test wherein individual gives their samples at the Labs/Private Hospitals/Collection facilities for paid testing at their own expense (including all charges-sample collection & testing cost at the site)  

93 JCITs assigned jurisdiction for exercise of power under Income Tax & Benami Property Act

January 20, 2022 3654 Views 0 comment Print

In pursuance to the above and in exercise of the powers conferred by Explanation to sub-section (1) of section 120 of the Income-tax Act, 1961 as also section 59 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988), it is hereby ordered that the officers referred to in column (3) of the table hereunder, in the grade of Joint Commissioners of Income-tax shall exercise the powers and perform the functions of the Income-tax Authority, referred to in columns (4) of the table hereunder in consequence to and from the date of the order no. 352 of 2021 dated 30.12.2021 issued from F.No.A-32012/3/2021—Ad.VI and until further orders.

Steps for prevention of frauds in post offices

January 13, 2022 4617 Views 1 comment Print

POSB related fraud cases have been noticed recently. Vigilance Division has desired to provide extra checks in the system to minimize/eliminate chances of misappropriation/frauds, particularly in respect of transactions carried out in single handed and double handed post offices.

Delhi govt includes CAs & Income Tax Practitioners in Exempted category

January 13, 2022 9333 Views 2 comments Print

Delhi Government includes Offices of Chartered Accountants and Income Tax Practitioners’  in the list of ‘Exempted Category’ vide order dated 13.01.2022. GOVERNMENT OF NCT OF DELHI DELHI DISASTER MANAGEMENT AUTHORITY F. No.60/DDMA/COVID-19/2021/Vol.ll/513 | Dated:  13.01.2022 To. 1. All District Magistrates of Delhi 2. All District Deputy Commissioners of Police, Delhi Subject Inclusion of the offices […]

IBBI bars ‘IIV RVF’ from enrolling any new member for a period of 6 months

January 12, 2022 1794 Views 0 comment Print

he DC notes that the Indian Institution of Valuers, a registered society was recognized by IBBI on 20.04.2018. As per Rule 12(3) of the Valuers Rules, the RVO which is an entity under proviso to sub-rule (1), i.e., a society or a trust, then within period of one year, conversion of such entity into a […]

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