Sakshi

tally@taxconcept.net

EPFO Payroll data: EPFO added 13.95 lakh net subscribers in November, 2021

The provisional payroll data of EPFO released on 20th January 2022 highlights that EPFO has added 13.95 lakh net subscribers during the month of November 2021, showing an increase of around 2.85 lakh net additions over the previous month of October, 2021 with a growth rate of 25.65%.Year-on-year comparison of payroll data also shows an increase …

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Busts fake GST Input Tax Credit racket; One Businessmen arrested

Mumbai West CGST Commissionerate busts fake GST Input Tax Credit racket One Businessman arrested Posted On: 20 JAN 2022 4:15PM by PIB Mumbai Mumbai : 20 January 2022 The officers of Mumbai West CGST Commissionerate of Mumbai Zone have busted a fake GST Input Tax Credit racket involving GST of Rs 10.10 Crores. Acting on …

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Mineral Production Goes up by 5% During November, 2021

Compared to Same Time Previous Year As per the data of Indian Bureau of Mines (IBM), Ministry of Mines, the index of mineral production of mining and quarrying sector for the month of November, 2021 (Base: 2011-12=100) at 111.9, was 5.0% higher as compared to the level in the month of November, 2020. The cumulative growth for the period April- …

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ICAI Launching Online Refresher Course – ‘Deep Dive into Revenue Standard – Ind AS 115’

Launching Online Refresher Course – ‘Deep Dive into Revenue Standard – Ind AS 115’ Organized by the Ind AS Implementation Committee of ICAI The Ind AS Implementation Committee of ICAI is pleased to announce the launch of online refresher course – ‘Deep Dive into Revenue Standard – Ind AS 115’. For registration, kindly visit the …

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RBI to conduct Overnight Variable Rate Repo auction under LAF on January 20, 2022 (Revised)

As stated in Governor’s statement of December 8, 2021 the Reserve Bank has been rebalancing the surplus liquidity in the system by shifting it out of the fixed rate overnight reverse repo window into the variable rate reverse repo (VRRR) auctions of longer maturity. Overall, this rebalancing has proceeded on a pre-announced glidepath and has evolved satisfactorily. …

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PM to inaugurate new Circuit House at Somnath on 21st January

Prime Minister Shri Narendra Modi will inaugurate the new Circuit House at Somnath on 21st January, 2022 at 11 AM via video conferencing. The inauguration will be followed by the Prime Minister’s address on the occasion. Somnath Temple is visited by lakhs of devotees from India and abroad every year. The need for the new …

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IFSCA inks MOU with Insurance Institute of India (III)

The International Financial Services Centers Authority (IFSCA), with an objective of capacity building of professionals in the insurance sector in International Financial Services Centres (IFSCs), has entered into a Memorandum of Understanding (MOU) with the Insurance Institute of India (III). The Insurance Institute of India (III) in involved in devising and continuously upgrading the curriculums …

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MSME units are together capable of constituting a complete supply chain: MSME Secretary

There is tremendous potential for Indian engineering MSMEs to be integrated into the Global Value Chain due to their manufacturing cost advantage, said Mr B. B. Swain, Secretary, Ministry of MSME. Addressing the inaugural session of MSME Conclave organized by EEPC India yesterday, Mr Swain said that for the MSMEs to achieve high growth the …

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Notification for Online Assessment Test (AT) for Certificate Course on Forensic Accounting and Fraud Detection on Saturday the 05th February 2022

ICAI Issues Notifications for Online Assessment Test (AT) for Certificate Course on Forensic Accounting and Fraud Detection

Last Date for Face Authentication at https://learning.icai.org is 03rd February 2022 till 5:30 PMNote: No Further extension shall be provided for completing the process of Face Authentication, please complete the face registration/authentication process within the time limit. Prerequisites for the FAFD Assessment Test: Active ICAI membership number Completion of the Eligibility Criteria (50% Marks in …

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Spices Board of Centre conducts meeting with Scientist Community and Chilli crop experts to chalk out strategies to tackle Thrips outbreak in Chilli crop in Telangana and Andhra Pradesh

Chairman, Chilli Task Force Committee, GVL Narasimha Rao, directs agricultural scientists to chalk out strategies to tackle the pest outbreak in Chilli crops Severe Thrips attack in Chilli crops in Telangana and Andhra Pradesh has seriously affected the crop yield and the chilli farmers are highly distressed and worried about the crop loss, which will …

Spices Board of Centre conducts meeting with Scientist Community and Chilli crop experts to chalk out strategies to tackle Thrips outbreak in Chilli crop in Telangana and Andhra Pradesh Read More »

Cabinet approves extension of tenure of the National Commission for Safai Karamcharis for three years

The total implication of the extension for three years would be approximately Rs.43.68 crore. The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today has approved the extension of the tenure of the National Commission for Safai Karamcharis (NCSK) for three years beyond 31.3.2022. Impact : The major beneficiaries would be the Safai …

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Cabinet approves infusion of Rs.1,500 crore in Indian Renewable Energy Development Agency Limited (IREDA)

This equity infusion will help in employment generation of approximately 10200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 Million Tonnes CO2/year. The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi, today approved the equity infusion of Rs.1500 crore in  Indian Renewable Energy Development Agency Limited (IREDA). Additional equity …

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Important Amendments Related to Annual ROC Filing & Extension

Some Important Amendments Relating To Companies Annual Filing And Extension Of Due Date For The Financial Year 2020-2021 The Ministry of Corporate Affairs (MCA) on Saturday vide General Circular no. 22/2021 dated: 29/12/2021, gave relaxation on levy of additional fees of e – forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 NON-XBRL AND MGT-7/MGT-7A for the financial year ending on 30.03.2021, under …

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Taxpayers receive notices: Data mismatch between AIS and Form 26AS the reason

Did you file an early income-tax return, before the Annual Information Statement (AIS) was launched? Chances are your tax return may have attracted a demand notice if you had ignored some essential income received during the financial year. So far, one had to refer to the annual tax statement or the Form 26AS before filing returns. The AIS was …

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Key decisions taken at the 229th meeting of Central Board of Trustees, the apex decision-making body of EPFO

The 229th meeting of Central Board of Trustees (CBT), apex decision-making body of EPFO, was held today in New Delhi under the chairmanship of Shri Bhupender Yadav, Union Minister for Labour & Employment, Vice-chair Shri Rameswar Teli, Minister of State for Labour & Employment, co-vice chair Shri Sunil Barthwal, Secretary (Labour & Employment) and member secretary …

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