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ICSI Request for providing extension of timelines for filing of Form CSR-2
THE INSTITUTE OF Company Secretaries of India PFP:MCA: 2022 28th June, 2022 Shri Rajesh Verma, IAS Secretary Ministry of Corporate Affairs Government of India Shastri Bhawan Dr. Rajendra Prasad Road N...
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185 Regular promotion in the grade of JCIT
Office Order No.129 of 2022 [Regular promotion in the grade of JCIT] F. No.A-32012/4/2021-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Bloc...
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CORRIGENDUM to Notification No. 71/2022-Income Tax | Dated: 28.06.2022
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 30th June, 2022 Notification No. 76/2022-Income Tax S.O. 2961(E).—In the notification of the Gove...
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CBDT notifies Non fungible token as virtual digital asset
Notification No. 75/2022- (Income-tax) | Dated: 30th June, 2022– CBDT specifies a token which qualifies to be a virtual digital asset as non-fungible token within the meaning of sub-clause (a) of clau...
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Exclusion of certain digital assets from definition of virtual digital asset
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 30th June, 2022 Notification No. 74/2022- (Income-tax) | Dated: 30th June, 2022 S.O. 2958(E).–In exercise of...
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CBDT Amends rule 31A and inserts new Form No. 26QF
Amendment of Income Tax rule 31A and insertion of Form No. 26QF (Quarterly statement of tax deposited in relation to transfer of virtual digital asset under section 194S to be furnished by an exchange...
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ICAI President’s Message – June 2022
Our nation has shown great resilience and willingness to overcome the ill effects of pandemic and move ahead towards the path of self-reliance. Our economy is not only able to sustain, but is also one...
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UDIN for Audit Forms/Certificates can be updated till 30.09.2022
As you are aware, the CBDT vide its press release dated 26th November 2020 has mandated the updation of the UDINs for all the IT Forms and Tax Audit Reports filed at the e-filing portal. It has been i...
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SEBI imposes penalty on RIL for JIO Facebook Deal
Parties involved: 1. Reliance Industries Limited (Noticee 1) 2. Compliance Officer, Ms Savithri Parekh (Noticee 2) 3. Compliance Officer, Mr K. Sethuraman (Noticee 3) The issues that arise for conside...
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Geopolitical Spillovers and the Indian Economy
Reserve Bank of India Geopolitical Spillovers and the Indian Economy (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India – June 24, 2022 – Standalone session...
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Recommendations of 47th GST Council Meeting
GoM on Casino, Race Course and Online Gaming to re-examine the issues based on further inputs from States and submit its report within a short duration GoM to be constituted to address various concern...
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Online gaming may become expensive: 47th GST Council Meet
Tax on online gaming is charged on GGR/comission received. However it has been proposed by GoM that the same shall be taxed on full contest amount. Example- A gaming company receives Rs. 100 from its...
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47th GST Council Meeting Expected Agenda
The two-day GST Council meet on 28th and 29th of June in Chandigarh is likely to deliberate upon a various agenda. The main aim will be to ease compliance burden, promote small businesses and increase...
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Jurisdiction Notification No. 72/2022-Income Tax, Dated: 28.06.2022
under section 120 of the Income tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 72/2022-Income Tax | Dated: 28th June, 2022 S.O. 2...
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Jurisdiction Notification No. 71/2022-Income Tax, Dated: 28.06.2022
under section 120 of the Income tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 71/2022-Income Tax | Dated: 28th June, 2022 S.O. 2...
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Tolerance Band for AY 2022-23 in case of wholesale trading & others
Central Government Notifies Tolerance Band for Assessment Year 2022-23 in case of wholesale trading and others vide Jurisdiction Notification No. 70/2022-Income Tax, Dated: 28.06.2022 MINISTRY OF FINA...
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Implementation of central rules on labour codes w.e.f. 1-7-22
As per the information gathered by me from news/media/notifications etc on new 4 Labour uniform codes few provisions are being implemented w.e.f. 1-7-22 by Central Govt and rest shall be notified by S...
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15 companies selected under 2nd Round of PLI Scheme for White Goods
(ACs and LED Lights) with committed investment of Rs 1,368 crore 6 AC Companies to invest Rs 908 crore; 9 LED Companies to invest Rs 460 crore Production worth Rs 25,583 crore expected over next 5 yea...
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Section 194S TDS on transactions other than those taking place on or through an Exchange
Circular no. 14 of 2022 F. No. 370142/29/2022-TPL (Part 1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) ***** New Delhi, dated 28th June,...
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CBDT notifies Seventy Second Investment Company LLC U/s. 10(23FE)
Notification of Seventy Second Investment Company LLC as a sovereign wealth fund under section 10(23FE) of the Income tax Act, 1961 vide Notification No. 69/2022-Income Tax, Dated: 27.06.2022 MINISTRY...