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CBDT notifies New ITR Forms for AY 2022-23 (ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7)

CBDT has notified the new ITR Forms applicable for AY 2022-23 (Forms ITR-1 Sahaj, ITR-2, ITR-3, ITR-4 Sugam, ITR-5, ITR-6 and ITR-7), without making any significant changes therein as …
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MCA defers timelines for Audit Trail Requirement/ CSR-2 Filing

MCA has notified the Companies (Accounts) Second Amendment Rules, 2022 to further defer the date of applicability for the requirement relating to Audit Trail feature in the Accounting Software …
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Marginal Relief from Surcharge on Income Tax: AY 2022-23

For AY 2022–23, assessees can claim marginal relief from the surcharge on income tax to mitigate the effect of the additional tax burden that is over and above the …
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CBDT further extends Due Date for e-filing of Form 10AB to 30/09/2022

CBDT further extends last date for e-filing of Form No. 10AB to 30/09/2022, in all the cases for which the last date is on or before 29/09/2022, in view …
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New IT Rule 114(5A): PAN-Aadhaar Linking delay Penalty

CBDT has notified the Income-tax (Third Amendment) Rules, 2022 to insert new IT Rule 114(5A) to impose penalty on delay/ default in PAN-Aadhaar Linking applicable w.e.f. 01/04/2022, i.e. a …
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MCA’s Companies IND AS Rules 2015 with Amendments upto 2022

MCA notifies the “Companies Indian Accounting Standards (Ind AS) Rules 2015”, i.e. the convergent Indian Accounting Standards.
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ICAI Post Budget 2022 Memorandum on Direct/ Indirect Tax Proposals

ICAI has submitted it’s ‘Post Budget Memorandum 2022’ containing various detailed suggestions on the Direct/ Indirect Tax proposals (including on International Taxation) of Budget 2022 for the Financial Year …
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RBI Master Directions/ Regulatory Framework 2022 for Microfinance Loans

RBI has released Master Directions/ Regulatory Framework 2022 in respect of Microfinance Loans, after necessary review and inviting public suggestions/ comments, i.e. the Reserve Bank of India (Regulatory Framework …
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MCA Extends Due Dates for e-forms AOC-4/ 4(CFS)/ 4(XBRL), 4(Non-XBRL), MGT-7/ 7A

MCA has further extended the due dates for filing of e-forms AOC-4/ 4(CFS)/ 4(XBRL), 4(Non-XBRL) upto 15/03/2022 and for filing of e-forms MGT-7/ 7A upto 31/03/2022, without payment of …
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Companies (Accounts) Amendment Rules 2022 (CSR-2): MCA Notification

MCA notifies the Companies (Accounts) Amendment Rules 2022, applicable w.e.f. 11/02/2022, to insert a rule 12(1B), which provides for a new requirement from financial year (FY) 2020-21 and onwards, …
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