Day: October 14, 2021

Check refund status from the new website of Income Tax Department

Check refund status from the new website of Income Tax Department, Know easy Process

please follow the below steps: First of all go to the official website http://www.incometax.gov.in. enter the User ID and Password. When you login, you will see the option of e-filing. In the e-file option, you have to select Income Tax Returns. click on View File Return. see details of your latest ITR will come After …

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GST

Government may increase GST, there may be changes in the four-rate system

According to a Bloomberg report, the Modi government is considering increasing taxes on some goods and services. The report said that the move is being considered with the objective of creating a simpler tax rate structure. According to the report, one of the lowest two rates can be increased from 5 percent to 6 percent …

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MOST IGNORED CLAUSE OF TAX AUDIT : CLAUSE 22 OF FORM-3CD

Background –This clause was inserted by the Central Board of Direct Taxes through its Notification No. 36/2009 dated 13-4-2009, in the Form No.3CD in Appendix II of the Income-tax Rules, 1962.Clause 22 of Form-3CD : Interest Paid to MSME Creditors The tax auditor is required to state the amount of interest inadmissible under section 23 …

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TC Markets: Nifty crossed 18,300 and Sensex scaled 61,000 – The reasons behind the rally

Nifty 50 has crossed 18,300 points. It stood at 18,338.50 when the markets closed. Nifty Bank Index was the top sectoral gainer. It was followed by Nifty Metal, Nifty Financial Services and Nifty IT. Nifty Auto was the only sectoral index which closed in red. The robust performance by Nifty Bank led by HDFC Bank …

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Update on e-filing New Income Tax Portal 14th October 2021

The e-filing portal of the Income Tax Department (www.incometax.gov.in) has marked receipt of more than 2 crore Income Tax returns as on 13th October 2021. The new portal was launched on 7th June, 2021 and in the initial period taxpayers had reported glitches and difficulties in the functioning of the portal. A number of technical issues have since been resolved and …

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New Income Tax Portal- Over 2 crore Income Tax Returns filed on the e-Filing portal of the Income Tax Department

The e-filing portal of the Income Tax Department (www.incometax.gov.in) has marked receipt of more than 2 crore Income Tax returns as on 13th October 2021. The new portal was launched on 7th June, 2021 and in the initial period taxpayers had reported glitches and difficulties in the functioning of the portal. A number of technical issues have since been resolved and …

New Income Tax Portal- Over 2 crore Income Tax Returns filed on the e-Filing portal of the Income Tax Department Read More »

ICSI Important Update: Suggestive format for Due Diligence Report pursuant to Regulation 10(3) of the SEBI (Delisting of Equity Shares) Regulations,2021

📍 The SEBI notified SEBI(Delisting of Equity Shares) Regulations, 2021 on 10.06.2021 repealing SEBI(Delisting of Equity Shares) Regulations,2009. 📍 Under these Regulations, SEBI has authorised a Peer Reviewed CS to conduct due diligence pursuant to Regulation 10(3) and 🖋️🗂️issue certification relating to shares held by inactive shareholders pursuant to Regu.21(a)(iii). 📍SEBI has for the first time …

ICSI Important Update: Suggestive format for Due Diligence Report pursuant to Regulation 10(3) of the SEBI (Delisting of Equity Shares) Regulations,2021 Read More »

Big Airtel announces Rs 6000 cashback on purchase of smartphones from leading brands

The initiative is part of Airtel’s flagship Mera Pehla Smartphone program that aims to make it easier for more Indians to upgrade to quality smartphones As part of its Mera Pehla Smartphone program, Bharti Airtel Limited (“Airtel”) today announced yet another innovative initiatve to enable customers to upgrade to quality smartphones and enjoy a world-class …

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IGNOU TEE June 2021 result declared

Indira Gandhi National Open University has declared the result of Term End June 2021 on its official website. official website of IGNOU ignou.ac.in — to check result

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Market Alert: Bharti Airtel – Today is the last date to sell Bharti Airtel RE

All about the rights issue: Telecom major Bharti Airtel recently announced that it will raise Rs. Rs 21,000 crore by way of a rights issue. Its Board has approved this issue. Every existing share holder can exercise this option. For every 14 shares held, 1 share can be purchased. The exercise price will be Rs.535 …

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Finance Minister Smt. Nirmala Sitharaman attends 4th G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting in Washington D.C.

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 4th G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting under the Italian Presidency held on 13th October, 2021 in Washington D.C. on the sidelines of the IMF-World Bank Annual Meetings. The meeting was the final FMCBG Meeting under the G20 Italian Presidency and …

Finance Minister Smt. Nirmala Sitharaman attends 4th G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting in Washington D.C. Read More »

CS EXAMINATION RESULT – JUNE, 2021 Declared: Know Pass Percentage, Topper

CS EXAMINATION RESULT – JUNE, 2021 Declared: Know Pass Percentage, Topper

Click here to view Result and Download E-Mark Sheet All India Provisional Merit List – Professional(New) Programme Top 3 Rank Holders – Professional (New) Programme All India Provisional Merit List – Professional (Old) Programme Top 3 Rank Holders – Professional (Old) Programme All India Executive Merit List – Executive(New) Programme Top 3 Rank Holders – …

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Amendment w.e.f. AY 2014-15 Will Not Apply to A Purchase Transaction of Immovable Property For Which Full Consideration is Paid Pre-Amendment: ITAT Ranchi

Amendment w.e.f. AY 2014-15 Will Not Apply to A Purchase Transaction of Immovable Property For Which Full Consideration is Paid Pre-Amendment: ITAT Ranchi

In the case of Bajrang Lal Naredi vs ITO, ITAT Ranchi has held that: It is not in dispute that purchase transactions of immovable property were carried out in FY 2011-12 for which full consideration was also parted with the seller. Mere registration at later date would not cover a transaction already executed in the …

Amendment w.e.f. AY 2014-15 Will Not Apply to A Purchase Transaction of Immovable Property For Which Full Consideration is Paid Pre-Amendment: ITAT Ranchi Read More »