CAclubindia Articles

Updation / Correction of date of birth online in EPFO records

Posted by CS Lalit Rajput 04 February 2022 2506 Views

Employee having valid UAN, need to make sure that his or her date of birth (DOB) details are true and correct in Employees’ Provident Fund (EPF) records and also similar as mentioned in the Aadhaar database. In case of mismatch, the UAN holder may face delay in EPF withdrawal claims.

Need of Revisional Authorities under Tax laws

Posted by CA. Pushp Kumar Sahu 04 February 2022 1718 Views

There is an utmost importance of Revisional authorities under Tax laws (both under Income Tax Law and GST Law) to safeguard and protect the interest of revenue as they act as a reviewer of the orders passed by the lower authorities which fall under their respective jurisdictions.

Updated Return: A thorough Analysis

Posted by CA Gyati Gupta 04 February 2022 6008 Views

Till 31.01.2022 we had heard of terms like Original Return, Revised return and Belated Return, but with Finance Bill 2022 came a new concept of Return which is named as Updated Return.

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

Posted by FCS Deepak Pratap Singh 04 February 2022 2012 Views

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

Posted by CA Reema Sonigra Mehta 04 February 2022 6460 Views

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

Posted by Shubham 03 February 2022 4905 Views

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

Posted by Dr. Suresh Surana 03 February 2022 8190 Views

India Budget 2022 - Highlights

Budget 2022 - Digitisation of the Indian Rupee

Posted by Seetharaman K C 03 February 2022 4963 Views

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.