Income-tax (24th Amendment) Rules, 2022 (AUG 10, 2022)

In exercise of the powers conferred by clause (a) of the tenth proviso to clause (23C) of section 10 and sub-clause (i) of clause (b) of sub-section (1) of section 12A read with section 295 of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-

In the Income-tax Rules, 1962, after rule 17A the following rule shall be inserted,  

"17AA. Books of account and other documents to be kept and maintained".

For Gazette Notification, Click Here

Ministry of Social Justice & Empowerment

Union Minister for Social Justice & Empowerment Dr. Virendra Kumar to launch “SMILE-75 Initiative” on 12 August 2022 (AUG 10, 2022)

Under the SMILE-75 initiative, seventy five (75) Municipal Corporations in collaboration with NGOs and other stakeholders willcover several comprehensive welfare measures for persons who are engaged in the act of begging with focus extensively on rehabilitation, provision of medical facilities, counselling, awareness, education, skill development, economic linkages and convergence with other Government welfare programmes etc.  

The Ministry of Social Justice & Empowerment has allocated a total budget of Rs.100 crore for the SMILE project for coming years till 2025-26.

For Press Release, Click Here

Ministry of Finance 

Collection of information related to Passenger Name Record (PNR) (AUG 10, 2022)

In order to provide a defined framework for collection of specified details relating to international passengers travelling by Air, the Passenger Name Record Information Regulations, 2022 (the ‘Regulations’) were notified on 08th August, 2022. 

These regulations are meant to enhance detection, interdiction and investigative capabilities of Customs Authorities using non-intrusive techniques for combating offences related to smuggling of contraband such as narcotics, psychotropic substances, gold, arms & ammunition etc. that directly impact national security. 

This mechanism is being widely used by border management agencies of several administrations.

For Press Release, Click Here


Madras High Court dismisses plea seeking to deny Vedanta’s request to dispose of property in Thoothukudi (AUG 10, 2022)

A Division Bench of Justices P. N. Prakash and R. Hemalatha dismissed the petition filed by S. P. Muthu Raman of Tirunelveli district. 

The petitioner said he came across a news report that stated Vedanta had decided to put up for sale the Sterlite Copper unit in Thoothukudi and had invited applications from interested parties.

For News Report, Click Here


Kotak Mahindra rolls out a lifestyle focused salary account (AUG 10, 2022)

Kotak Mahindra Bank has launched a lifestyle focused salary account named Kotak Creme. The bank claims that this account will offer an upgraded experience to its customers working in MNCs, retails, law firms, unicorns etc. 

The account will be available to all corporates in India and will also come with a host of privileges and rewards across lifestyle, travel, healthcare, dining, skilling and learning experiences.

For Details, Click Here


  • India calls for a united, coordinated and unified response to international terrorism at UNSC. 
  • Election Commission to host a virtual meet of the Asian Regional Forum in New Delhi tomorrow.  
  • World Biofuel Day and World Lion Day being observed today.  
  • US President Joe Biden endorses Finland and Sweden's accession to NATO.


Felonia implicatur in qualibet proditione - Felony is implied in every treason.

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