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INCOME TAX

Income Tax Department Conducts Search Operations at 70 Premises of Two Real Estate Business Groups, Search Operation Revels Unaccounted Income of About Rs 184 Crore

taxconceptOctober 15, 2021October 15, 2021

The Income Tax Department carried out search and seizure operations on two real estate business groups of Mumbai and certain individuals/ entities associated with them. The search operations commenced on 07.10.2021 and...

BUSINESS & ECONOMY

Joint Statement on the Eighth U.S.-India Economic and Financial Partnership

taxconceptOctober 15, 2021

INCOME TAX

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

taxconceptOctober 14, 2021October 14, 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...

ICSI

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

taxconceptOctober 14, 2021October 14, 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...

School Education

IGNOU TEE June 2021 result declared

taxconceptOctober 14, 2021

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

BUSINESS & ECONOMY

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

taxconceptOctober 14, 2021

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...

Result of CS Examinations June, 2021 Session

taxconceptOctober 14, 2021October 14, 2021

ICSI CS June 2021 executive result at 2 pm CS EXAMINATION RESULT – JUNE, 2021 ICSI CS June result 2021: Know how to check Go to the official website, icsi.eduClick...

CA ICAI

ONLINE POPULAR COURSES OFFERED BY THE ICAI FOR FREE OF COST

taxconceptOctober 13, 2021October 13, 2021

Online Courses offered by the ICAI : With the lockdown being increased further, it might seem to most of us what should we do in this time. With the current...

GST

GST Portal: Important Webinars on some important features of GSTR-2B. Check details

taxconceptOctober 13, 2021October 13, 2021

For creating awareness amongst all the stakeholders, GSTN is holding webinars on some important features of GSTR-2B, as per details given below: Webinar TopicImportant features of GSTR-2BLanguage of webinarHindiEnglishDate 14.10.2021Thursday 14.10.2021ThursdayTime1100 Hrs...

GST

BIG GST Fake Input Tax Credit: 1 arrested by Delhi CGST Officials for fraudulently claiming ITC of Rs 134 crore

taxconceptOctober 13, 2021October 13, 2021

The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East, carried out the detailed analysis and unearthed a network of fictitious exporters who were availing and utilizing fake...

Daily E-News Letter

Business Concept’s Daily E-News Letter- 13-10-2021 Only for TC VIP Users

taxconceptOctober 13, 2021October 13, 2021

Please Click on Read More » to Read Full News Note: Only TC VIP Users can Access It For New User- More information, Please Visit Here Table of contents1. GST breather for gaming...

INCOME TAX

Income Tax Department raids houses of many others including former CM BS Yeddyurappa’s close, undisclosed income of more than Rs 750 crores disclosed

taxconceptOctober 13, 2021October 13, 2021

Undisclosed income of Rs 750 crore has been unearthed as a result of a five-day search operation by the Income Tax department in Karnataka and three other states. During this...

BUSINESS & ECONOMY

India Post launches e-PLI bond/ digital version of PLI policy bonds

taxconceptOctober 12, 2021

Department of Posts, Ministry of Communications, launched the digital version of the Postal Life Insurance policy bonds, also termed as “ePLI bond”, on the occasion of Azadi Ka Amrit Mahotsav...

BUSINESS & ECONOMY

Industrial production grows 11.9 pc in August

taxconceptOctober 12, 2021October 12, 2021

India's industrial production rose 11.9 per cent in August, according to official data released on Tuesday. As per the Index of Industrial Production (IIP) data by the National Statistical Office...

INCOME TAX

IT Dept Raid in Bengaluru- During the search, booked bogus purchases inflation of labour exp sub-contract expenses in the name of about 40 individuals

taxconceptOctober 12, 2021October 12, 2021

The Income Tax Department carried out search and seizure operations in the case of three major contractors based out of Bengaluru engaged in the execution of irrigation and highway projects....

RBI

RBI Bans Haribhakti & Co From Undertaking Audits For Two Years

taxconceptOctober 12, 2021October 12, 2021

The Reserve Bank of India said on Tuesday it has debarred chartered accountancy firm Haribhakti and Co from undertaking any audit assignments in regulated entities for a two-year period due to non-compliance...

TC VIP Content

ROC Annual Filing: Quick Referencer for All Companies

taxconceptOctober 12, 2021October 12, 2021

Annual Filing- Compliance is must for All companies registered under the Company Law All about ROC Annual Filings – For Companies [embeddoc url="https://taxconcept.net/wp-content/uploads/2021/10/ROC-Annual-Filing-_-Companies-_-CS-Lalit-CS-Tanuj_-2021-1.pdf"] Please Click on Read More Newsletter » to Read...

INCOME TAX

ITR Filing Exemption 2021: CBDT Exempts Certain Class of Persons From Filing ITR Under Section 139(1) of the Income Tax Act Subject to Some Conditions

taxconceptOctober 12, 2021October 12, 2021

By Notification dated 11th October 2021, CBDT Exempts Certain Class of Persons From Filing ITR Under Section 139(1) of the Income Tax Act Subject to Some Conditions.

INCOME TAX

Presumptive taxation- Section 44AD, 44ADA, 44AE

taxconceptOctober 11, 2021October 11, 2021

To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting the accounts audited, the Income-tax Act has framed the presumptive taxation...

BUSINESS & ECONOMY

Ministry of Finance has released 7th monthly installment of Post Devolution Revenue Deficit Grant to the States

taxconceptOctober 11, 2021

Revenue Deficit Grant of Rs.9,871 crore released to 17 States The Department of Expenditure, Ministry of Finance has released 7th monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs....

EPFO

EPFO || STEP BY STEP PROCESS TO FILE ECR

taxconceptOctober 11, 2021October 11, 2021

Point 1: Login to EPFO portal using your ECR portal credentials: Once logged in, you can check the details of Establishment Name,Establishment ID, Exemption Status (PF, Pension, EDLI), Establishment Address and PF office....

INCOME TAX

Cash transactions: Those cash transactions which are monitored by the Income Tax Department

taxconceptOctober 11, 2021October 11, 2021

Under the rules of Income Tax, cash transaction of more than 2 lakhs is not allowed in any case. In which if the rules are ignored, then the notice of...

BUSINESS & ECONOMY

Power Minister reviews coal stock position in thermal power plants

taxconceptOctober 10, 2021

Union Minister of Power, New and Renewable Energy, Shri R.K. Singh reviewed the coal stock position in all thermal power plants including those plants which are supplying power to distribution...

INCOME TAX

Income Tax Dept Raid in Kanchipuram, Chennai and Vellore- Cases of Financing Group and retailer of Silk Sarees garments

taxconceptOctober 10, 2021October 10, 2021

The Income Tax Department conducted searches on 05/10/2021 in two cases of Kanchipuram, one being a Chit Fund and Financing Group and the other a retailer of Silk Sarees and...

BUSINESS & ECONOMY

Big Decision to bring great relief to consumers across the country

taxconceptOctober 10, 2021October 10, 2021

Centre imposes stock limits on edible oils to soften the prices of edible oils in the domestic market The Department of Food and Public Distribution in a landmark decision has...

INCOME TAX

Income-tax: Cash seizure of over Rs. 142 crore in searches of Income Tax Department in Hyderabad

taxconceptOctober 9, 2021October 9, 2021

The Income Tax Department carried out search & seizure operations on 06.10.2021 on a major Pharmaceutical group based out of Hyderabad. This Pharmaceutical group is engaged in the business of manufacturing of...

BUSINESS & ECONOMY

Government Approves Air India Disinvestment, owned subsidiary of M/s Tata Sons Pvt. Ltd

taxconceptOctober 8, 2021

The Cabinet Committee on Economic Affairs (CCEA) - empowered Air India Specific Alternative Mechanism (AISAM) comprising of Union Minister for Home Affairs and Cooperation Shri Amit Shah; Union Minister for...

INCOME TAX

IT Department searches in Assam, Meghalaya & West Bengal, it was found unaccounted income by indulging in out-of-books sales and booking bogus expenses

taxconceptOctober 8, 2021October 9, 2021

The Income Tax Department carried out search and seizure operations on 05.10.2021 in the case of two groups based in the North-East Region and West Bengal. A total of 15...

tax concept

Important Announcement regd Re-Opening of Online filling up of Examination Application Forms for ICAI Chartered Accountants Examinations December, 2021

taxconceptOctober 8, 2021

Important Announcement regd Re-Opening of Online filling up of Examination Application Forms for ICAI Chartered Accountants Examinations December, 2021 for Two Days from 11th October 2021 12.01 A.M. (Mid Night...

BUSINESS & ECONOMY

Repayment of ‘8.79% Government Stock 2021’

taxconceptOctober 7, 2021

The outstanding balance of ‘8.79% GS 2021’ is repayable at par on November 08, 2021. No interest will accrue thereon from the said date. In the event of a holiday being...

taxconcept

Income Tax Department Conducts Search Operations at 70 Premises of Two Real Estate Business Groups, Search Operation Revels Unaccounted Income of About Rs 184 Crore

Joint Statement on the Eighth U.S.-India Economic and Financial Partnership

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

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

IGNOU TEE June 2021 result declared

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

Result of CS Examinations June, 2021 Session

ONLINE POPULAR COURSES OFFERED BY THE ICAI FOR FREE OF COST

GST Portal: Important Webinars on some important features of GSTR-2B. Check details

BIG GST Fake Input Tax Credit: 1 arrested by Delhi CGST Officials for fraudulently claiming ITC of Rs 134 crore

Business Concept’s Daily E-News Letter- 13-10-2021 Only for TC VIP Users

Income Tax Department raids houses of many others including former CM BS Yeddyurappa’s close, undisclosed income of more than Rs 750 crores disclosed

India Post launches e-PLI bond/ digital version of PLI policy bonds

Industrial production grows 11.9 pc in August

IT Dept Raid in Bengaluru- During the search, booked bogus purchases inflation of labour exp sub-contract expenses in the name of about 40 individuals

RBI Bans Haribhakti & Co From Undertaking Audits For Two Years

ROC Annual Filing: Quick Referencer for All Companies

ITR Filing Exemption 2021: CBDT Exempts Certain Class of Persons From Filing ITR Under Section 139(1) of the Income Tax Act Subject to Some Conditions

Presumptive taxation- Section 44AD, 44ADA, 44AE

Ministry of Finance has released 7th monthly installment of Post Devolution Revenue Deficit Grant to the States

EPFO || STEP BY STEP PROCESS TO FILE ECR

Cash transactions: Those cash transactions which are monitored by the Income Tax Department

Power Minister reviews coal stock position in thermal power plants

Income Tax Dept Raid in Kanchipuram, Chennai and Vellore- Cases of Financing Group and retailer of Silk Sarees garments

Big Decision to bring great relief to consumers across the country

Income-tax: Cash seizure of over Rs. 142 crore in searches of Income Tax Department in Hyderabad

Government Approves Air India Disinvestment, owned subsidiary of M/s Tata Sons Pvt. Ltd

IT Department searches in Assam, Meghalaya & West Bengal, it was found unaccounted income by indulging in out-of-books sales and booking bogus expenses

Important Announcement regd Re-Opening of Online filling up of Examination Application Forms for ICAI Chartered Accountants Examinations December, 2021

Repayment of ‘8.79% Government Stock 2021’

Read on app

MSME Annual Compliance - Interest on delay payment to MSME’s

Income Tax Department searches in Maharashtra - huge unaccounted income by purchasing lands from farmers and transferring the same to Government undertakings/big corporates