e-settlement Scheme under Income Tax Act Under section 245D the Central Government is authorised to notify a scheme, for the purposes of settlement in respect of pending applications by the Interim Board, so as to impart greater efficiency, transparency and accountability. Accordingly, CBDT has notified e-Settlement Scheme, 2021 …

Deemed arm’s length price in case of variation between price determined u/s 92C for international transaction or specified domestic transaction for AY 2021-22 MINISTRY OF FINANCE(Department of Revenue) Notification No. 124/2021 New Delhi, the 29th October, 2021 (INCOME TAX) S.O. 4586(E).—In exercise of the powers conferred by the …

CBDT rolls out of the new Annual Information Statement. AIS should be considered in filling the original ITR or revised ITR to reflect the correct information   Income Tax Department has rolled out the new Annual Information Statement (AIS) on the Compliance Portal which provides a comprehensive view …

CBDT approves Pimpri Chinchwad College of Engineering u/s 35(1)(ii) under category University, College or Other Institution for Scientific Research CBDT, in exercise of the powers conferred by clauses (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the …

ICAI clarifies on confusion on eligibility of Category IV Individuals/Proprietor CAs for Bank branch audit The Multipurpose Empanelment Form (MEF) for the year 2021-22 has been hosted and is available at https://meficai.org. Both individuals and proprietor Chartered Accountants in practice are eligible to empanel, as in earlier years. …

Guidelines for Investment and/or Trading in Securities by Employees of AMC(s) and Trustees SEBI had specified the norms for investment/ trading in securities by employees of AMC(s) and Trustees of Mutual Funds. Subsequently, SEBI partially modified it. Now based on the representations SEBI has decided to review the …