‘SBI cards and Payment Services Ltd.’ and ‘Phonepe Private Ltd.’ to undertake Aadhaar authentication service: Govt.

The Central Government, after consultation with the Unique Identification Authority of India and the regulatory authority, RBI, notifies the reporting entities namely, ‘SBI cards and Payment Services Ltd.’ and ‘Phonepe…

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Reassessment/set-aside cases where time limit for complication expires on 30-9-21 to be excluded Faceless Assessment

The CBDT has notified two more situations where the assessment not to be done under the faceless assessment regime. Assessment for cases where afresh assessment to be made due to…

Continue ReadingReassessment/set-aside cases where time limit for complication expires on 30-9-21 to be excluded Faceless Assessment

Reassessment/set-aside cases where time limit for complication expires on 30-9-21 to be excluded from Sec. 144B

The CBDT has notified two more situations where the assessment not to be done under the faceless assessment regime. Assessment for cases where afresh assessment to be made due to…

Continue ReadingReassessment/set-aside cases where time limit for complication expires on 30-9-21 to be excluded from Sec. 144B

Tax Dept. conducts searches in premises linked to politician ‘Anil Deshmukh’; found concealment of income of Rs. 17 crore

The Income-tax Department has carried out search and seizure operation in the case of a prominent public figure in Nagpur and his family members. More than 30 premises were covered…

Continue ReadingTax Dept. conducts searches in premises linked to politician ‘Anil Deshmukh’; found concealment of income of Rs. 17 crore

SEBI issues clarification on alignment of interest of Key Employees AMCs with Mutual Funds unitholders

Based on the representations received from the Mutual Fund Industry and recommendations of Mutual Funds Advisory Committee (‘MFAC’), the SEBI has decided to provide clarity on the applicability of the…

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Tax dept. conducted search amp; seizure operation at various premises of ‘Sonu Sood’ in Mumbai

The Income Tax Department has conducted a search and seizure operation at various premises of a prominent actor, Mr. Sonu Sood, in Mumbai and also a Lucknow based group of…

Continue ReadingTax dept. conducted search amp; seizure operation at various premises of ‘Sonu Sood’ in Mumbai

DGFT invites applications for allocation of Tariff Rate Quota under Indian – Mauritius CECPA

DGFT has invited applications vide Public Notice 24/2015-2020, dated 17-09-2021, for allocation of Tariff Rate Quota (TRF) under Indian - Mauritius CECPA only for the year 2021-22. The procedure for…

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