CAclubindia News

RBI hikes repo rate by 50 basis points to 5.90%

30 September 2022 at 13:34

Increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.90 per cent with immediate effect

Posted in Community & General | 3519 Views

Application for recomputation of income u/s 155 (18)

30 September 2022 at 08:49

In exercise of the powers conferred by section 295 read with sub-section (18) of section 155 of the Income-tax Act, 1961, CBDT makes rules further to amend the Income-tax Rules, 1962

Posted in Income Tax | 5844 Views

Code of Ethics relating to Fees - Relative Size and tax services to Audit Clients will be applicable from 1st Oct

30 September 2022 at 08:49

The Council at its 413th meeting held in August, 2022 decided the deferred provisions contained in Volume-I of Code of Ethics, 2019 will be made applicable from 1st October 2022 with certain amendments

Posted in Professional Resource | 1 comments | 20106 Views

GST fraud worth Rs 824 crore by 15 insurance companies detected

30 September 2022 at 08:49

The Mumbai branch of the Directorate General of Goods and Services Tax (GST) Intelligence has detected tax evasion of ₹824 crore by 15 insurance companies, intermediary marketing companies and multiple non-banking finance companies.

Posted in GST | 4683 Views

Clarification in operation of Senior Citizens' Savings Scheme

30 September 2022 at 08:49

In the operation of Senior Citizens’ Savings Scheme (SCSS), it has been noticed in few cases on the death of the account holder, operating agencies are closing the SCSS account by treating it as premature closure.

Posted in Community & General | 1701 Views

CGST (Second Amendment) Rules 2022 to come into force w.e.f. 1st October 2022

29 September 2022 at 10:30

Central Govemment, on the recommendations of the Council, hereby makes rules further to amend the Central Goods and Services Tax Rules, 2017

Posted in GST | 13647 Views

CBIC extends the time limit for claiming ITC to 30th Nov

29 September 2022 at 08:50

Central Government appoints the 1st day of October, 2022, as the date on which the provisions of sections 100 to 114, except clause (c) of section 110 and section 111, of the said Act shall come into force

Posted in GST | 8 comments | 17739 Views

CBDT | Order specifying collegium - Explanation to Sec 158AB

29 September 2022 at 08:50

Order specifying the Collegium - Explanation to section 158AB of the Income-tax Act, 1961 - reg

Posted in Income Tax | 4404 Views

Cabinet approves 4% Dearness Allowance hike for Central Govt employees

29 September 2022 at 08:50

Cabinet approves release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners, due from 01.07.2022

Posted in Community & General | 1842 Views