Month: February 2022

Income Tax Department conducts searches on a organizing multi state gaming, and online betting activities

The Income Tax Department conducted search and seizure operations on a business group engaged in gaming activity, online betting (including cricket betting), etc. on 15.02.2022. Total of 29 premises spread over Mumbai, Delhi, Surat, Jaipur, Pune and Kolkata were covered. The search action revealed that the group was operating in a clandestine manner and had …


Crypto Currency

Crypto Currency industry asks centre to rethink on proposed TDS

The Cryptocurrency industry has appealed to the government to reexamine the budget proposal to impose a tax deduction at source or TDS on virtual digital assests transactions, saying it will be difficult to comply with. The industries also urged the government to reconsider the decision to levy a tax of 30% on currency market value …


GST Fake Billing

Government will stop gst fake billing with blockchain technology

There are frequent reports of GST evasion. But now the government is going to take new steps to stop it. Now blockchain technology will be used by the government to curb fake billing and GST claims. In the first phase, it will be used for warehousing and monitoring of goods movement. Warehousing monitoring in the …


Micro Enterprises

Aatma Nirbhar Bharat Package for Micro Enterprises

As part of the Aatma nirbhar Bharat Initiative, Ministry of Food Processing Industries is implementing a Centrally Sponsored PM Formalization of Micro food processing Enterprises (PMFME) Scheme for providing financial, technical and business support for setting up/ up gradation of 2 lakh micro food processing enterprises through credit linked grant  during five years from 2020-21 …


Budget 2022

केंद्रीय बजट 2022-23 की मुख्य बातें

केंद्रीय बजट में सूक्ष्म आर्थिक स्तर पर सभी समेकित कल्याण पर ध्यान देने के साथ बृहद आर्थिक स्तर वृद्धि पर जोर देने की कल्पना की गई है। केन्‍द्रीय वित्‍त एवं कॉरपोरेट कार्य मंत्री श्रीमती निर्मला सीतारमण ने आज संसद में केन्‍द्रीय बजट 2022-23 पेश किया। बजट की मुख्य बातें निम्न हैं – भारत की आर्थिक …