New Rules for Dematerialization of Securities in Companies: MCA Notification
MCA has notified new rules mandating public companies and larger private companies to dematerialize their securities to improve governance.
Tag: Notifications
MCA Amends LLP Rules for Disclosure of Beneficial Interest
The MCA has notified amended rules requiring LLPs to maintain a register of partners and declare beneficial ownership, enhancing transparency in LLP operations.
IGST Refund Route Restricted for Tobacco, Pan Masala, Mentha Oil Products Exports
CBIC imposes restriction on the IGST refund route for exports of Tobacco, Pan Masala, Mentha Oil and similar products.
MCA Eases Company RO Shifting Rules: Additional Cost Revoked
The MCA has eased rules for companies to shift their registered office address between states, removing additional costs and smoothing the process for companies acquired under IBC resolution.
CBDT Notifies New IT Rule 16D/ Form 56F for Claiming Section 10AA Deduction
CBDT amends IT rules retrospectively from July 2021, inserts Rule 16D and Form 56F for claiming deduction under Section 10AA, to streamline process of availing SEZ deduction.
PAN Requirement Relaxed for Non-residents/Foreign Companies dealing with IFSC Banking Units
The CBDT has issued new rules relaxing PAN requirements for non-resident and foreign companies transacting with IFSC banking units in India. Key changes explained.
Summary of GOI Notifications on Quarterly Changes in Interest Rates of Small Saving Schemes
Summary of Quarterly Changes in Interest Rates of Small Saving Schemes (KVP, MIS, NSC, PPF, RD, SB, SCSS, SSAS and Term Deposits) from FY 2016-17 to Q3 of FY …
New IT Rule 21AHA for Opting Concessional Tax Regime by Cooperative Societies
CBDT notifies new IT Rule 21AHA for cooperative societies to opt for 15% concessional tax rate u/s 115BAE and specifies eligibility, procedure to exercise option, and conditions.
CBDT Amends IT Rules for Audit and Inventory Valuation u/s 142(2A) of Income Tax Act
CBDT issues notification with new rules for audit report u/s 142(2A)(i) in Form 6B and inventory valuation report u/s 142(2A)(ii) in Form 6D along with guidelines for remuneration.
CBDT Extends Due Dates: Forms 10B/10BB & ITR-7 (AY 2023-24)
CBDT extends due dates for Form 10B/10BB and ITR-7 (AY 2023-24) due to challenges faced by entities under sections 10(23C) and 12A. New deadlines: 10B/10BB - Oct 31, 2023, …