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 …
