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Bank deposit insurance to be paid in around 90 days in case of bank failure. Cabinet clears Deposit Insurance & Credit Guarantee Corporation Bill 2021 Deposit Insurance & Credit Guarantee Corporation Bill 2021 has been cleared by the Cabinet today. The said corporation insures all bank deposits such …
New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: •The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of …
CBDT notifies the Income-tax (20th Amendment) Rules, 2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 82 /2021 New Delhi, the 27th July, 2021 G.S.R.509(E).—In exercise of the powers conferred by section 139 and section 148 read with section 295 of the Income-tax Act, 1961 …
Data retrieved from Pen-drive and admission by vendors though may have a persuasive value no substantive evidentiary value to make additions. Data retrieved from digital device certificate u/s 65B(4) of Evidence Act must prove its authenticity. In the instant case, the assessee had cjhallenged the order passed by …
Deferred ICAI Code of Ethics 2019 to be applicable from 1st April 2022 Applicable date of certain deferred provisions of Volume-I of Revised Code of Ethics, 2019. ICAI has announced that the following provisions of Volume-I of Code of Ethics 2020 which has been earlier deferred due to …
Dainik Bhaskar Income Tax Raids-CBDT alleges detection of bogus income of Rs. 700 crores The Income Tax Department had carried out a search operation on Dainik Bhaskar in 9 cities including Mumbai, Delhi, Bhopal, Indore, Noida and Ahmedabad. The Income Tax raids had been severely criticised …
CBDT transfers 58 Commissioner of Income Tax (CIT) & Director Generals (DGIT) CBDT has made 58 transfer/postings in the grade of Commissioner of Income Tax (CIT) and Director Generals (DGIT). Also, the additional charge arrangements in the grade of Commissioner of Income Tax (CIT) has been ordered in …
CBEC abolishes renewals of Licence/Registration in Customs Brokers Licensing Regulations, 2021 and Sea Cargo Manifest and Transhipment Regulations, 2018 to Reduce the compliance burden for citizens and business activities. CBIC has undertaken a series of next generation reforms under the umbrella of ‘Turant Customs’ initiative to enable Faceless, …
Customs Brokers Licensing (Amendment) Regulations, 2021 GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 62/2021-Customs (N.T.) New Delhi 23rd July, 2021 G.S.R……. (E).- In exercise of the powers conferred by sub-section (2) of section 146 of the Customs Act, 1962 (52 …
Sea Cargo Manifest and Transhipment (Fifth Amendment) Regulations, 2021 GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 61/2021-Customs (N.T.) New Delhi, the July 23rd, 2021 G.S.R. (E). – In exercise of the powers conferred by section 157, read with sections 30, …
