Dear Professional Colleague,
As you are aware, The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015 has been passed in the Lok Sabha on 11th of May, 2015 and in the Rajya Sabha on 13th May, 2015. The intention of the Government behind this is to curb the menace of black money with stringent provisions for those keeping illegal wealth abroad.
With regard to the same, the Direct Taxes Committee of ICAI has taken an initiative to invite suggestions/comments on the same for submitting suitable representations to the Government.
Members are requested to email their views, comments and queries in relation to The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015 at dtc.suggestions@icai.in.
The same has been attached for your kind reference.
Regards,
CA. Tarun Jamnadas Ghia CA. Sanjay Agarwal
Chairman, Vice-Chairman,
Direct Taxes Committee, ICAI Direct Taxes Committee, ICAI
(tarunghiaca@yahoo.co.in) (agarwal.s.ca@gmail.com)
E-invoice has been made mandatory for taxpayers having turnover exceeding 10 crores from 1st October, 2022: Notification 17/2022 Central Tax dtd 01/08/2022 It implies that any registered person whose aggregate turnover in any preceding financial year from FY 2017-18 onwards has exceeded Rs 10 Crore shall issue E-invoice w.e.f 1st October 2022 . -- CA Yashu Goel 9899263490 M/s N.K. Goel & Bros. Chartered Accountants www.TaxingNarad.COM
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