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)
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 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 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
The Central Board of Direct Taxes (CBDT) vide its Circular No 01/2022 dated 11th January 2022 extends the timelines for filing of Income-tax returns and various reports of audit for the Assessment Year 2021-22. Circular No. 01/2022 F. No. 225/49/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *****
The Central Board of Direct Taxes (CBDT) vide its Notification No 2/2022 [S.O. 90(E)] dated 07th January 2022 issues corrigendum to Notification No 139/2021 dated 28th December 2021 w.r.t. Faceless Appeal Scheme 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 7th January, 2022 INCOME-TAX S.O. 90(E).—In the
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 22/2021 – Central Tax (Rate) dated 31st December 2021 notifies the 18% GST on works contract services provided to Government Entities and Government Authorities with effect from 01st January 2022. Government of India Ministry of Finance (Department of Revenue) Notification No. 22/2021-
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 21/2021 – Central Tax (Rate) dated 31st December 2021 notify the 12% GST on sale of Footwear of value not exceeding Rs.1000 per pair with effect from 01st January 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.21/2021-Central Tax
