Day: December 21, 2021

Weekly Taxation Newsletter (TC VIP access)- latest news related to Due Dates, Notifications / Press Information, Case Laws, IT etc.

Weekly Taxation Newsletter (TC VIP access) VOLUME 56

This newsletter is a weekly compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case Laws, International Taxation etc. VOLUME 56 Stay updated, Stay connected Newsletter Contents: Upcoming Due Dates Weekly Departmental updates Important Notifications & Circulars Important Case-laws International Taxation Corner (ITC) Knowledge bucket …

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Weekly Corporate Newsletter (TC VIP access)- SEBI/MCA/IBC/ RBI/IPO/CCI/ LABOUR LAW Updates

Weekly Corporate Affairs Newsletter (TC VIP access)- SEBI/MCA/IBC/ RBI/IPO/CCI/ LABOUR LAW Updates

We thought it would help to give you a sense of what’s available to you by subscribing to this 56th  WEEKLY CORPORATE AFFAIRS Newsletter- ·  SEBI Updates ·  MCA Updates ·  RBI Updates ·  IBC Law Updates ·  Labour Law Updates ·  PRESS Information ·  IPO & Investment Section ·  IRDAI (Insurance Sector) Updates ·  Department of Telecommunication  ·  MSME Updates ·  Competition Commission of India ·  Cabinet Decisions / New Laws …

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All the sectoral indices ended in the green with realty, capital goods, pharma, energy, IT and metal indices added 1-3 percent

After a period of massive correction, Indian benchmark indices took a breather today. Both Sensex and Nifty performed well. They recovered from earlier losses, even though it was moderate compared to the steep fall. Amidst positive global cues, Indian markets opened with a gap up. The positive momentum continued through out the day. Indices came …

All the sectoral indices ended in the green with realty, capital goods, pharma, energy, IT and metal indices added 1-3 percent Read More »

Income Tax Department conducts searches in Uttar Pradesh and Karnataka

The Income Tax Department carried out search and seizure operation on 18.12.2021 on various persons and their business entities, engaged in the business of civil construction and real estate and running educational institutes in UP and Karnataka. A Kolkata based entry operator has also been covered in the search operation. The search action covered more …

Income Tax Department conducts searches in Uttar Pradesh and Karnataka Read More »

Steps taken by Government to improve flow of credit to MSME sector

The Reserve Bank of India (RBI) vide circular dated 05.02.2021 and 05.05.2021, has allowed Scheduled Commercial Banks (SCBs) to deduct the amount equivalent to credit disbursed to New Micro Small and Medium Enterprises (MSMEs), who have not availed any credit facilities from banking_system as on 01.01.2021, from their Net Demand and Time Liabilities (NDTL) for …

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Digital INDIA- 88% growth in volume of digital transactions during last 3 years since 2018-19

With over 22 billion transactions in FY 2020-21, UPI emerges as favourite digital payment choice As a result of the initiatives taken by the Government, there has been a paradigm shift in digital transactions in India. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to …

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IT Dept search operation on a Neyveli based group, engaged in the business of chit funds

Income Tax Department conducts searches in Tamil Nadu The Income Tax Department carried out search and seizure operation on 16.12.2021 on a Neyveli based group, engaged in the business of chit funds, finance and real estate. The group also runs educational institutions through its trusts. The search action covered around 30 premises located at various …

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7,288 kg gold seized by Customs and DRI less than 3 years

7,288 kg gold seized by Customs and DRI in less than 3 years Customs field formations and Directorate of Revenue Intelligence have seized 3626.85 kg during 2019-20, 1944.392 kg during 2020-21 and 1717.396 kg during 2021-22 (till November). This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to …

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IT Dept searches in West Bengal; A large number of incriminating evidences documents & SD cards, WhatsApp chats found

Income Tax Department conducts searches in West Bengal The Income Tax Department carried out search and seizure operation on 16.12.2021 on two prominent Asansol based groups, engaged in business of iron and steel products, infrastructure, cement, poly fabs, agro-tech & food processing, etc. The search action covered more than 30 premises spread over West Bengal. …

IT Dept searches in West Bengal; A large number of incriminating evidences documents & SD cards, WhatsApp chats found Read More »

Income Tax Portal – Erratic & Irresponsible approach towards IT Infrastructure

IT RETURN: Erratic and Irresponsible approach of Finance Ministry towards IT Infrastructure

Ref: CAAS/Representations/2021-22/07 Date: 19-12-2021 To, The Finance Minister,134, North Block,New Delhi – 110011 Sub: Erratic and Irresponsible approach of Finance Ministry towards IT InfrastructureRef: Our Representation Letter No. CAAS/Representations/2021-22/05 dt.18-06-2021Titled “Succour for Current Income Tax Portal Turmoil” Respected Madam, Kindly refer to our representation letter No. CAAS/Representations/2021-22/05 written exactly 6 months ago, w.r.t. help that …

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SFIO arrests Satish Kimar Pawa, Saurav Aggarwal, Suhas S. Paranjpe in connection with investigation into affairs of Jagat Agro Commodities Pvt. Ltd.

ICAI will get this new power to tighten the screws on chartered accountant firms

Government will give power to ICAI to take disciplinary action against partnership firms of chartered accountants who indulge in any malpractices The government will empower ICAI to take disciplinary action against partnership firms of chartered accountants who indulge in any malpractices. In the last few years, the role of Chartered Accountants in many economic offenses …

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Investing in These 20 Shares Can Be A Profitable Deal Today. Check Details Here

Investing in These 20 Shares Can Be A Profitable Deal Today. Check Details Here

The stock market is such a place, where you can earn good money by investing money even in a day. For this, you have to identify the right stocks and bet on them. Due to news or new sentiment, there is strong action in some stocks in daily trading in the market. You too can …

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PM interacts with CEOs of companies from various sectors of industry

Prime Minister Shri Narendra Modi interacted with CEOs of companies from various sectors of industry at Lok Kalyan Marg today. This was the second such interaction of the Prime Minister with industry representatives in the run up to the next Union Budget. Prime Minister talked about the inherent strength of the country, displayed during the …

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