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New record of over 72.42 lakh (7.24m) ITRs filed on a single day

   02 August 2022 at 08:43

The Department expresses its gratitude to taxpayers and tax professionals for making compliances in time leading to a surge in filing of Income Tax Returns (ITRs) resulting in a new record of ITRs filed on a single day.

Posted in Income Tax  3 comments |   6942 Views


Central Govt. announces Excise Duty reduction on Petrol and Diesel

   02 August 2022 at 08:43

Central Government reduced Central Excise duty on petrol and diesel to boost consumption and keep inflation low

Posted in Excise |   3507 Views


E-invoicing limit reduced from existing Rs. 20 crore to Rs. 10 crore w.e.f. 1st October 2022

   02 August 2022 at 08:43

In the said notification, in the first paragraph, with effect from the 1st day of October, 2022, for the words "twenty crore rupees", the words "ten crore rupees" shall be substituted.

Posted in GST  2 comments |   10794 Views


GST Revenue collection for July second highest ever at Rs. 1.49 lakh crore

   01 August 2022 at 14:04

GST Revenue collection for July second highest ever & 28% higher than the revenues in the same month last year

Posted in GST |   3387 Views


Time limit for verification reduced to 30 days for return filed after 1st Aug

   01 August 2022 at 11:31

Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronically

Posted in Income Tax |   17043 Views


ICMAI extends cut-off-date for admission/registration/enrollment of students for Dec 2022 term up to 10th August 2022

   01 August 2022 at 08:37

Cut-off-date for admission/registration/enrollment of students for December-2022 term of Examination is extended up to 10th August (Wednesday), 2022.

Posted in Students |   2244 Views


ICAI President stresses on two crucial aspects that the Institute is working on

   01 August 2022 at 08:37

In its endeavour to promote sustainability reporting ecosystem in the country which would lead to greener low-carbon economy, the Institute is working on two crucial aspects.

Posted in Professional Resource |   6942 Views


Monthly Review of Accounts of Union GoI upto the month of June 2022 for FY 2022-23

   30 July 2022 at 08:34

The Monthly Account of the Union Government of India upto the month of June, 2022 has been consolidated and reports published.

Posted in Others |   1674 Views


IT Department conducts search operation on two business groups in Tamil Nadu

   29 July 2022 at 09:00

Income Tax Department carried out a search and seizure operation on 20.07.2022 on two business groups; one engaged in real estate, and the other in contracts related to road and railway construction.

Posted in Income Tax |   1785 Views


CBDT lays down procedure of PAN application & allotment through simplified proforma for incorporating LLPs electronically

   28 July 2022 at 08:42

Procedure of PAN application & allotment through Simplified Proforma for incorporating Limited Liability Partnerships (LLPs) electronically {Form: FiLLiP} of Ministry of Corporate Affairs. 

Posted in Income Tax |   3879 Views



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