CAclubindia News

Government takes various steps to improve the flow of credit to the MSME sector

22 December 2021 at 08:40

The Minister stated that this exemption is available upto Rs 25 lakh per borrower, disbursed upto fortnight ending 31.12.2021, for a period of one year from date of origination of loan or the tenure of the loan, whichever is earlier.

Posted in Corporate Law | 1560 Views

With over 22 billion transactions in FY 2020-21, UPI emerges as the favourite digital payment choice

22 December 2021 at 08:38

As a result of the initiatives taken by the Government, there has been a paradigm shift in digital transactions in India.

Posted in Others | 1242 Views

IT Department conducts Search Operations on over 30 premises in Uttar Pradesh and Karnataka

22 December 2021 at 08:38

The Income Tax Department carried out search and seizure operation on 18.12.2021 on various persons and their business entities, engaged in the business of civil construction and real estate and running educational institutes in UP and Karnataka.

Posted in Income Tax | 1329 Views

7,288 kg gold seized by Customs and DRI in less than 3 years

21 December 2021 at 17:38

Customs field formations and Directorate of Revenue Intelligence have seized 3626.85 kg during 2019-20, 1944.392 kg during 2020-21 and 1717.396 kg during 2021-22 (till November).

Posted in Custom | 1815 Views

Mumbai Based CA arrested for generating Fake Input Tax Credit

20 December 2021 at 08:46

On 14/12/2021 (Tuesday) GST Officers of Thane commissionerate arrested Vikram Jain, a Mumbai-based CA for generating fake invoices worth more than Rs 500 crores to tune a GST of Rs 92 crores without actual receipt of goods.

Posted in GST | 4 comments | 12084 Views

ICMAI Issues Notice Against Employment Fraud/Unfair Practice

18 December 2021 at 07:14

Notice Against Employment Fraud/Unfair Practice issued by ICMAI

Posted in Professional Resource | 3291 Views

ICAI releases Exposure Draft of the Amendments in the Commercial & Industrial (C&I) Taxonomies

18 December 2021 at 07:12

Exposure Draft of the Amendments in the Commercial & Industrial (C&I) Taxonomies- IND AS based Taxonomy & AS based Taxonomy

Posted in Professional Resource | 1362 Views

Net Direct Tax collections for the F.Y. 2021-22 grown at robust pace at more than 60%

18 December 2021 at 07:08

The figures of Direct Tax collections for the FY 2021-22, as on 16.12.2021 show that net collections are at Rs. 9,45,276.6 crore compared to Rs. 5,87,702.9 crore

Posted in Income Tax | 1617 Views

Delhi Customs seize outbound undeclared diamonds valued at Rs. 1.56 crore

18 December 2021 at 07:06

The Delhi Customs on 16th December 2021 seized a consignment of diamonds being sent out of India, having 1,082 carat weight.

Posted in Custom | 1932 Views

CBDT launches the e-Verification Scheme, 2021

17 December 2021 at 17:44

The Central Board of Direct Taxes in exercise of the powers conferred by sub-sections (1) and (2) of section 135A of the Income Tax Act, 1961 has launched the e-Verification Scheme, 2021 via Notification No. S.O. 5187(E) on 13th December 2021.

Posted in Income Tax | 5979 Views