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.
Tag: Notifications
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 …
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 …
Last Date Extended for Annual GST Return (GSTR 9/ 9C) for FY 2020-21: CBIC
CBIC has extended the last date for filing of Annual GST Return (GSTR 9/ 9C) for Financial Year 2020-21, from 31/12/2021 to 28/02/2022, vide CGST (10th Amendment) Rules 2021, …
CBDT notifies Final Rules on ‘No Retrospective Taxation’ of ‘Indirect Transfer’
CBDT notifies the Income Tax (31st Amendment) Rules 2021, i.e. final Rules on ‘no retrospective taxation’ in line with the Amendments made by the Taxation Laws (Amendment) Act, 2021. …
No TDS u/s 194A on Interest Payment to a member of Scheduled Tribe of Specified Areas u/s 10(26)
CBDT notifies 'no TDS u/s 194A by banks in respect of payment of interest of upto Rs. 20 lacs made to a member of Scheduled Tribe residing in areas …
CBDT further extends certain timelines to ease compliances
CBDT has further extended certain timelines to ease compliances under the Income Tax Act, 1961, including for PAN-Aadhaar linking, completion of penalty proceedings, benami proceedings, etc.
New IT Rule 14C: EVC not required for Faceless Assessment Scheme
CBDT notifies the Income-tax (27th Amendment) Rules, 2021 to insert new IT Rule 14C, which prescribes that EVC is not required for authentication of electronic records submitted under Faceless …