Finance Bill, 2022 provides for Separate Income Tax Deduction for Covid-19 Treatment
The Finance Bill, 2022 has provided for Separate income tax deduction for Covid-19 treatment. Clause (x) of sub-section (2) of section 56 of the...
![Officer Authorised to record necessary satisfaction is Chief Commissioner / Commissioner of Income Tax, not Jt. CIT: Orissa HC quashes Reassessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Officer-authorised-Chief-Commissioner-Commissioner-of-Income-Tax-CIT-Orissa-High-Court-Reassessment-Notice-Taxscan.jpg "Officer Authorised to record necessary satisfaction is Chief Commissioner / Commissioner of Income Tax, not Jt. CIT: Orissa HC quashes Reassessment Notice [Read Order]")
Any Cess or Surcharge or Fee subsumed into GST under Tamil Nadu Sugar Factories Control Act, 1949: CBIC [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) has notified that any cess or surcharge or fee subsumed into GST under Tamil Nadu Sugar Factories Control Act, 1949. The Board in exercise of...
![Any Cess or Surcharge or Fee subsumed into GST under Tamil Nadu Sugar Factories Control Act, 1949: CBIC [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/12/Cess-Surcharge-fee-subsumed-GST-tamilnadu-sugar-Cane-factories-act-CIBC-Taxscan.jpeg "Any Cess or Surcharge or Fee subsumed into GST under Tamil Nadu Sugar Factories Control Act, 1949: CBIC [Read Notification]")
Cryptocurrency Bill in Parliament: Govt to Ban Private Cryptocurrencies in India, Create Official Digital Currency
The Central Government has proposed to present a Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the upcoming Winter Session of Parliament to create the official...
Govt. notifies Tribunals Reforms Act 2021 to lay down terms and conditions for Service, Tenure of Members of Tribunals against the SC’s Ruling
The Central Government has notified the Tribunals Reforms Act 2021 to lay down terms and conditions for Service, Tenure of Members of Tribunals against the SC’s Ruling. The Act while prescribing...
Know the Key Changes in Life Insurance Corporation Act, 1956 come to effect from July 1st [Read Notification]
The Ministry of Finance notified that amendments in the Life Insurance Corporation Act, 1956 will be enforced from June 30, 2021. “In exercise of the powers conferred by section 128 of the Finance...
![Govt. can’t retain Interest paid on Service Tax which is Refundable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/interest-service-tax-CESTAT-Taxscan.jpeg "Govt. can’t retain Interest paid on Service Tax which is Refundable: CESTAT [Read Order]")