New IT Rule 40G/ Form 29D for Refund u/s 239A of Incorrect TDS u/s 195
The Finance Act 2022 added a new IT Section 239A, which provides for a refund of tax deducted (TDS) u/s 195 on any income (other than interest income) by …
Tag: Amendment Rules
IT Rule 17/ Form 10 amended to allow accumulation of income by S. 10(23C) entities
CBDT has amended IT Rule 17/ Form 10 to allow income accumulation by entities approved u/s 10(23C) for a period of up to 5 years when utilisation is less …
New IT Rule 17AA: Maintenance of Books by Trusts/ NGOs u/s 12A or 10(23C)
CBDT notifies new IT Rule 17AA, which specifies the Books of Account and other documents that must be kept and maintained in the case of Trusts/ NGOs/ Universities/ Hospitals/ …
CBDT Procedure for Claiming Covid-19 related Tax Exemptions
CBDT prescribes procedure for claiming tax exemption in respect of any sum received as ex-gratia, for treatment of ‘COVID-19’ or consequential death, by Individual/ family members. The procedure notified …
New IT Rule 12AB: Additional Conditions for Mandatory filing of Tax Return (ITR) u/s 139(1)
CBDT notifies new IT Rule 12AB relating to additional conditions for mandatory filing of tax return (ITR), by persons referred to in section 139(1)(b).
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 …
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.
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, …
New IT Rule 8AD on Computation of Capital Gains from ULIPs u/s 45(1B)
CBDT has notified the Income tax (2nd Amendment) Rules, 2022 to insert new IT Rule 8AD on ‘Computation of Capital Gains from ULIPs u/s 45(1B)‘, in respect of insurance policy receipts on …
MCA notifies Higher Additional Fee (upto 18 Times) for Late Filing
MCA has notified the Companies (Registration Offices and Fees) Amendment Rules, 2022, to effect Higher Additional Fee of upto 18 Times (as against existing 12 times) the Normal Fee …