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Clarification regarding applicability of Social Welfare Surcharge on goods exempted from basic and other customs duties/cesses Circular No. 3/2022-Customs F. No. CBIC-190354/262/2021-TRU Section-CBEC Government of India Ministry of Finance Department of Revenue (Tax Research Unit)***** Room No. 156, North Block New Delhi, dated the 1st …
Anuradha Guru, Economic Adviser, Ministry of Corporate Affairs appointed as ex-officio member in the Insolvency and Bankruptcy Board of India to represent the Ministry MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 28th January, 2022 S.O. 408(E).—In exercise of the powers conferred by clause (b) of sub-section (1) …
Penalty for passing on unreasonable benefits to trustee or specified persons of charitable Institutions – New Section 271AAE introduced by Union Budget 2022-23 Under section 13 of the Act, trusts/charitable institutions are required not to pass on any unreasonable benefit to the trustee or any other specified person. …
Provisions for filing of updated income tax return for time barred returns on payment of additional fee – Union Budget 2022-23 Section 139 of the Income Tax Act 1961 contains due dates for filing of Income Tax Return by various categories of taxpayers. However, presently a taxpayer …
Change in control of the asset management company involving scheme of arrangement SECURITIES & EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/IMD/IMD-I DOF5/P/CIR/2022/10 January 31, 2022 To, All Mutual Funds All Asset Management Companies All Trustee Companies/ Boards of Trustees of Mutual Funds Association of Mutual Funds in India (”AMFI”) …
Finance Minister to present Union Budget 2022-23 in Parliament tomorrow at 11 AM Watch Live Budget 2022-23 Speech. Live Highlights / updates of Direct and Indirect Taxes in Budget Proposal. Bookmark this page and revisit tomorrow for live updates. Highlights of Income Tax Proposals in Budget 2022-23: 1. …
FRN compulsory field for UDIN Generation from 12.00 am of 1st February 2022 except for member not carrying assignment on behalf of any firm FRN compulsory field for UDIN Generation from 12.00 am of 1st February 2022. ICAI in its advisory dated 31.01.2022 stated that Firm Registration Number …
CBDT extends last Date of updation of UDINs at e-filing Porta to 30th April, 2022 According to ICAI latest advisory dated 31.01.2022, CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 30th April, 2022. Earlier CBDT had frequently …
Presumption that donors have meagre source of income because they are agriculturists may not be appropriate – ITAT ABCAUS Case Law CitationABCAUS 3573 (2022) (01) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in upholding the addition made by the CIT(A) …
Receipts for carrying out warehouse operations as per the terms of agreement was not rental income but were business receipts ABCAUS Case Law CitationABCAUS 3572 (2022) (01) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the addition by adopting …
