April 2023

Sagarmala Innovation and Start up Policy

Draft ‘Sagarmala Innovation and Start-up Policy’ issued for Stakeholder Consultation Draft Policy aims to harness new technology developed by Indian Start-ups and entrepreneurs PM Narendra Modi termed startups as “backbone” of new India, continuing the same spirit through this policy, MoPSW is taking initiatives to promote start-ups through creativity and innovation: Shri Sarbananda Sonowal 10 …

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Procedure for no deduction of income tax

Procedure, format and standards for filling an application in Form No. 15C or Form No. 15D for grant of certificate for no-deduction of income-tax under sub-section (3) of section 195 of the Income Tax Act, 1961 through TRACES-. F.No. Pro DGIT(S)CPC(TDS)/NOTIFICATION/2022-23 Notification No. 01/2023 New Delhi, 29th March, 2023 Section 195(3) ofthe Income-tax Act, 1961 …

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Income deemed to be received under section 7 of Income Tax Act 1961

 The following incomes shall be deemed to be received in the previous year :—   (i) the annual accretion in the previous year to the balance at the credit of an employee participating in a recognised provident fund, to the extent provided in rule 6 of Part A of the Fourth Schedule ;  (ii) the …

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Assessment of income of any other person under section 153C of Income Tax Act 1961

(1) Notwithstanding anything contained in section 139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that,— (a) any money, bullion, jewellery or other valuable article or thing, seized or requisitioned, belongs to; or (b) any books of account or documents, seized or requisitioned, pertains or pertain to, or any information contained therein, relates …

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More than 40.82 crore loans amounting to ₹23.2 lakh crore

More than 40.82 crore loans amounting to ₹23.2 lakh crore sanctioned under Pradhan Mantri MUDRA Yojana (PMMY) since inception The Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8th April 2015 by Prime Minister Shri Narendra Modi with the aim to facilitate easy collateral-free micro credit of up to ₹10 lakh to non-corporate, non-farm small and …

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Appeal not disposed on merits Jaipur ITAT Order

ITA. No. 387/JP/2022 PER: RATHOD KAMLESH JAYANTBHAI, AM These two appeals are filed by the assessee aggrieved from the order of the National Faceless Appeal Centre, Delhi [ Here in ITA Nos. 387 & 388/JP/2022 Pramod Kasliwal, Jaipur vs. ITO, Jaipur after referred as NFAC ] for the assessment year 2017-18 dated 02/09/2022 which is arising out of …

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Order for penalty for violation of section 39(4) of the Companies Act, 2013

Appointment of Adjudication Officer:- The Ministry of Corporate Affairs vide its Gazette Notification No. A-42011/112/2014- Ad. II dated 24.03.2015 has appointed the undersigned as Adjudicating Officer in exercise of the powers conferred under section 454 of the Companies Act, 2013 (herein after known as Act) read with Companies (Adjudication of Penalties) Rules, 2014 for adjudging …

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