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CBDT inserts New Rule 21AL - Other Conditions required to be fulfilled by the original fund

   12 July 2022 at 08:37

CBDT makes rules further to amend the Income-tax Rules, 1962. These rules may be called the Income-tax (21st Amendment) Rules, 2022.

Posted in Income Tax |   4707 Views


IT Department conducts searches on two real estate groups of Bengaluru and Hyderabad

   12 July 2022 at 08:37

Income Tax Department carried out search and seizure operations on two leading real estate groups of Bengaluru and Hyderabad, engaged in the business of construction/sale/leasing of commercial/residential space, and educational and hospitality services.

Posted in Income Tax |   1365 Views


CBDT enabled filing of ITR-U for AY 2020-21 and AY 2021-22

   11 July 2022 at 10:22

E-filing of Updated ITR u/s 139(8A) has been enabled for ITR 2 & 3 for AY 2020-21 and AY 2021-22 using Excel utility.

Posted in Income Tax  4 comments |   6708 Views


CBIC to issue SOP for GST summons, notices

   11 July 2022 at 08:25

The Central Board of Indirect Taxes and Customs (CBIC) will soon come out with a detailed standard operating procedure (SOP) for serving summons and notices under the goods and services tax (GST) regime, to prevent harassment of businesses.

Posted in GST |   4704 Views


Sale of Indian National Flag exempted from GST

   09 July 2022 at 16:29

It has been clarified that the sale of the Indian National Flag, adhering to the Flag Code 2002 and its subsequent amendments, is exempt from GST.

Posted in GST  1 comments |   4275 Views


May 2022 CA Final Results likely to be declared on 15th/16th July 2022

   09 July 2022 at 12:09

The results of the Chartered Accountants Final Examination held in May 2022 are likely to be declared on Friday, the 15th July, 2022(evening)/Saturday, the 16th July, 2022

Posted in Students |   9321 Views


IT Department conducts searches on premises of pharma group in Delhi NCR, Haryana

   09 July 2022 at 08:39

The Income Tax Department carried out search and seizure operations on 29.06.2022 on a group engaged in the business of manufacturing and distribution of Pharmaceutical medicines and Real Estate Development.

Posted in Income Tax |   1266 Views


GSTN removes negative balance in cash ledgers of some composition taxpayers

   09 July 2022 at 08:39

Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the cash ledgers had become negative.

Posted in GST  1 comments |   4254 Views


SEBI alert public against fraudulent messages on money refund

   08 July 2022 at 09:42

Securities and Exchange Board of India (SEBI) plays an important role in regulating all the players operating in the Indian capital market. SEBI is a statutory body and a market regulator, which controls the securities market in India.

Posted in Corporate Law |   2646 Views


IT raids on Dolo-650 maker Micro Labs for alleged tax evasion

   08 July 2022 at 08:43

The income tax department on Wednesday conducted searches at the offices and residences of top management of Dolo-650 manufacturer Micro Labs for alleged tax evasion, sources said.

Posted in Income Tax  1 comments |   5760 Views



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