posted: "INCOME TAX : Unexplained investment in foreign asset is taxable as 'undisclosed foreign asset' under BM Act, even if it was disclosed in Schedule FA in ITRINCOME TAX : Unexplained investment in foreign asset is taxable as 'undisclosed foreign asset' under"
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posted: "In order to bring uniformity across Mutual Funds with respect to timelines for rebalancing of portfolio, the SEBI has prescribed that in the event of deviation from mandated asset allocation mentioned in the Scheme Information Document (SID) due to passiv"
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posted: "Section 206C(1G) provides the collection of tax at source (TCS) from remittance under the Liberalized Remittance Scheme and on sale of an overseas tour package. The CBDT has notified that provisions of TCS under Section 206C(1G) shall not apply to an indi"
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posted: "The Finance Bill, 2022, has received the assent of the President, Shri Ram Nath Kovind, on March 30, 2022. Most of the provisions of the Finance Act, 2022 are applicable from Financial Year 2022-23The Finance Bill, 2022, has received the assent of the Pre"
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posted: "The Lok Sabha on 30th March, 2022 give its assent to the CA, CWA and CS Amendment Bill, 2021 after rejecting the claims of the opposition. Amongst other Lok sabha approved the proposal of setting up of the coordination committee among the three institutes"
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posted: "The CBDT has notified the Faceless Inquiry or Valuation Scheme, 2022 for the purpose of issue of notice under Section 142 to file return of income, for making inquiry before assessment, to direct assessee to get his accounts audited under Section 142A or "
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posted: "The CBIC has issued notification to prescribe Customs (Electronic Cash Ledger) Regulations, 2022. These regulations shall come into force with effect from 1st June, 2022.The CBIC has issued notification to prescribe Customs (Electronic Cash Ledger) Regula"
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posted: "Ms. Madhabi Puri Buch, Chairperson, SEBI launched "Manthan" – SEBI Ideathon, highlighting that adoption of Financial Technology (FinTech) in the securities market will promote significant opportunities for stakeholders. Manthan is a 6-week long Ideathon b"
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posted: "The CBDT has clarified that all the consequences provided under the Income-tax Act for not furnishing, intimating or quoting PAN shall come into effect from 01-04-2023 if PAN becomes inoperative due to non-linking of it with Aadhaar. However, the taxpayer"
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posted: "Former Chief Justice of India, Hon'ble Mr. Justice Ramesh Chandra Lahoti, was widely hailed for providing expediated trials to the unprivileged,passed awayon Wednesday March 23, 2022,at the age of 81 in the Capital City.Former Chief Justice of India, Hon'"
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posted: "INCOME TAX : Where Assessing Officer noticed that there was substantial difference in balance sheet as shown by assessee and as seen from ledger accounts of one of creditors and held that reconciliation of statement submitted by assessee was unacceptable "
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