CBDT notifies prescribed ACIT/ DCIT (International Taxation), Circle -1(1)(1), Delhi as prescribed authority u/s 143(2) read with Rule 12E MINISTRY OF FINANCEDepartment of RevenueCentral Board of Direct Taxes(Income-tax) Notification No. 56/2022 New Delhi, the 28th May, 2022 S.O.2432(E).—In exercise of powers conferred under sub-section (2) of section 143 …

Modification to Standard Operating Procedure in the cases of Trading Member / Clearing Member leading to default SEBI vide circular no. SEBI/HO/MIRSD/DPIEA/CIR/P/2020/115 dated July 1, 2020 had specified the Standard Operating Procedure for the steps to be taken by the Stock Exchanges (“SEs”), Clearing Corporations (“CCs”) and Depositories …

MCA relaxes additional fees for filing Annual Return by Limited Liability Partnerships upto 30th June, 2022 This Ministry has received representation seeking extension of timelines for filing the Annual Return (Form 11) by LLPs without paying additional fees. In view of transition from version-2 of MCA-21 to version-3 …

Faceless Assessing Officer can not extend time barring date in Income Tax Business Application without statutory order – High Court ABCAUS Case Law CitationABCAUS 3598 (2022) (05) HC In a recent case Hon’ble High Court has held that the act of the Faceless Assessing Officer extending the Time …

CBDT amends laws relating to Faceless Income Tax Penalty Scheme CBDT has notified the Faceless Penalty (Amendment) Scheme, 2022 and made amendments to its Notification No. 3/2021 dated 12.01.2021. CBDT has issued two notifications namely Notification No. 54/2022 and Notification No. 55/2002 dated 27.05.2022Under the amended provisions/rules, the …

Late fee payable for delay in furnishing of Form GSTR-4 for the Financial Year 2021-22 waived for the period from the 1st day of May, 2022 till the 30th day of June, 2022 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 07/2022–Central Tax …