CAclubindia Articles

Whether court has power to review order, proceedings or actions of IT department

FCS Deepak Pratap Singh 04 February 2022 at 08:45

Section 293 of the Income Tax Act,1961-provides that no suits in any civil court shall be filed to set aside any order made, proceedings or action taken by the department or any officer of the government or anything done in good faith.

New Role of E-commerce Operators in Restaurant Services

CA Reema Sonigra Mehta 04 February 2022 at 08:45

Vide this Notification effective from 01.01.2022, even the 'restaurant services' have been dragged under the provisions of Section 9(5) of the CGST Act (which deals with E-commerce operators).

Budget 2022: Taxation of Cryptocurrency and NFT in India

Shubham 03 February 2022 at 14:55

The Union budget 2022 brought much-needed clarity on the taxation of cryptocurrency and NFTs. This was a requirement as the current regime did not offer any specific provisions for income arising from the sale and purchase of cryptocurrency and NFTs.

Highlights of Union Budget 2022

Dr. Suresh Surana 03 February 2022 at 13:14

India Budget 2022 - Highlights

Budget 2022 - Digitisation of the Indian Rupee

Seetharaman K C 03 February 2022 at 08:34

Up until now, the digital world has not affected the banking business in India but with the Reserve Bank getting ready for the digitisation of the Rupee, this move could perhaps be history in the making where such a bold move has been put forth by the Honourable Finance Minister on 1st Feb 2022.

Budget 2022: New tax relief for parents of disabled person under Sec 80DD

Suhasini 02 February 2022 at 17:37

Condition of releasing of annuity to a disabled person

GST Proposals in Union Budget 2022

Rohit Kumar Singh 02 February 2022 at 13:00

The Union Finance Minister while presenting the Union Budget 2022 on 1st of February 2022, made few important changes in the GST Laws

Changes under Customs & Excise proposed in Union Budget 2022!!

Bimal Jain 02 February 2022 at 11:41

The Finance Minister has introduced the Finance Bill, 2022 in Lok Sabha today, that is 1st February, 2022. Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2022.

Changes under GST proposed in Union Budget 2022!!

Bimal Jain 02 February 2022 at 11:07

Following amendments carried out in the Finance Bill, 2022, vide Clause 99 to 113, which will come into effect from a date to be notified, as far as possible, concurrently with the corresponding amendments to the similar GST Acts passed by the State(s) & Union territories with legislature.

Changes under the Income Tax Law proposed in Budget 2022!!

Bimal Jain 02 February 2022 at 10:56

The provisions of Finance Bill, 2022, relating to direct taxes seek to amend the Incometax Act, 1961 ('theIncometax Act'), to continue reforms in direct tax system through tax-incentives, removing difficulties faced by taxpayers