CBDT prescribes Form/manner of furnishing undertaking u/s section 119 of Finance Act 2012 INISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 120/2021 New Delhi, the 13th October, 2021 INCOME-TAX G.S.R.737(E).—In exercise of the powers conferred by the first provisio to section 119 of Finance Act, …
Registration of Assignment of Receivables (Amendment) Rules, 2021. Registration of transactions of assignment of receivables MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 11th October, 2021 G.S.R.732(E).—In exercise of powers conferred by clauses (a), (b) and (c) of sub-section (2) of section 32 of the Factoring …
When reasons for reopening were never sought by assessee plea can not be taken that reasons not supplied or not supplied within reasonable time In the instant case, the assessee had challenged the order passed by the CIT(A) in sustaining the proceedings u/s 147/148 of the Income Tax …
Bad debts claimed u/s 36(1(vii) disallowed as only provision was made and bad debts not written off in books of account In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance of bad debts claimed u/s 36(1)(vii) of the Income Tax …
RBI debars Haribhakti & Co. LLP, Chartered Accountants from NBFC audit for 2 years from 01.04.2022 The Reserve Bank of India (RBI) has debarred M/s Haribhakti & Co. LLP, Chartered Accountants from undertaking any type of audit assignment/s in any of the entities regulated by RBI for a …
CBDT exempts non residents, foreign company and eligible foreign investors from filing return of income CBDT has exempted the following class of persons from the requirement of furnishing a return of income u/s 139(1) from assessment year 2021-2022 onwards subject to fulfilment of certain conditions: Sl. …
