The Central Board of Direct Taxes (CBDT) vide its Notification No 29/2022 [S.O. 1770(E)] dated 11th April 2022 notifies The Somnath Temple managed by Shree Somnath Trust having PAN AAATS9555Q. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 11th April, 2022 INCOME-TAX S.O. 1770(E).— In the exercise of
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 01/2022 – Central Tax dated 24th February 2022 notifies the applicability of e-invoices for the taxpayer having an aggregate annual turnover of Rs 20 Cr or more with effect from 01st April 2022. Government of India Ministry of Finance (Department of Revenue)
CBIC Clarification – Coaching Institutes providing bundled services need to pay GST on Composite Supply. A coaching institute cannot deposit Goods & Services Tax (GST) on individual items basis for the supply of notebooks, t-shirts, bags, sweat shirts, etc. to students along with coaching service, Central Board of Indirect Taxes & Custom (CBIC) has clarified.
In the case of Taghar Vasudeva Ambrish v. Appellate Authority for Advance Ruling Karnataka [W.P. No. 14891 of 2020 (T-RES) dated February 07, 2022] The Hon’ble Karnataka High Court quashed the order passed by the AAAR, denying exemption to the assessee on the service of renting of property used for the purpose of a hostel for
The Ministry of Corporate Affairs (MCA) vide its Circular No 01/2022 dated 14th February 2022 further relaxes the levy of additional fee in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL till 15th March 2022 and MGT-7/MGT-7A till 31st March 2022 for the financial year 2020-21. In continuation to Ministry’s General Circular No 22/2021 dated
The Central Board of Direct Taxes (CBDT) vide its Notification No 07/2022 [S.O. 248(E)] dated 18th January 2022 notifies the e-advance rulings Scheme, 2022 under sub-section (9) and (10) of section 245R and sub-section (2) and (3) of section 245W of the Income Tax Act, 1961. MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF
The Central Board of Direct Taxes (CBDT) vide its Notification No 8/2022 [G.S.R. 24(E)] dated 18th January 2022 notifies the Rule 8AD under Income Tax Rules, 1962 for computation of capital gains for the purposes of sub-section (1B) of section 45. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi,
The Central Board of Direct Taxes (CBDT) vide its Notification No 6/2022 [G.S.R. 15(E)] dated 14th January 2022 notify the new Rule 21AJA & Rule 21AJAA and amends Form No 10-IK & 10-IL:- 1. Rule 21AJA for Computation of exempt income of specified fund, attributable to the investment division of an offshore banking unit, for
The Central Board of Direct Taxes (CBDT) vide its Notification No 4/2022 [S.O. 192(E)] dated 13th January 2022 issue the corrigendum to Notification No 142/2021 dated 31-Dec-2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 13th January, 2022 S.O. 192(E).—In the notification of the Government of India, in
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 2/2022 – Customs (ADD) [G.S.R. 13(E)] dated 13th January 2022 rescinds the Notification No 49/2017 – Customs (ADD). MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 13th January, 2022 NOTIFICATION No. 2/2022-Customs (ADD) G.S.R. 13(E).—In exercise of the powers conferred by
