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Archive: 30 December 2022

Posts in 30 December 2022

Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2023

December 30, 2022 3684 Views 0 comment Print

Rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2022-23 (starting from 1st January, 2023 and ending on 31St March, 2023) have been revised

SEBI (Employees’ Service) (Third Amendment) Regulations, 2022

December 30, 2022 933 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Employees’ Service) (Third Amendment) Regulations, 2022. 2. They shall come into force on the date of their publication in the Official Gazette.

50 Common MCA21/V2/V3 Portal Issues & Solutions

December 30, 2022 29154 Views 7 comments Print

1:  Not able to upload Form CHG-9 since many days. Please convert to PDF using Microsoft print to PDF facility. Save on your desktop with a simple name, check the file size to be below 2 MB and upload. The issue will be resolved. 2: Charge certificates are not generated. You may navigate to My […]

CBIC Circular on ITC Mismatch For FY 2017-18 & 2018-19 – Solving A Problem That May Not Exist

December 30, 2022 96105 Views 1 comment Print

The recent CBIC Circular No. 183/15/2022-GST dt. 27.12.2022 dealing with the issue of mismatch of the input tax credit (ITC) claim made in GSTR 3B with GSTR 2A for FY 2017-18 & FY 2018-19 demonstrates the same mindset as it seeks to do something which should not be done at all.

Electronically furnishing of form 10F by Non-Resident payees

December 30, 2022 5400 Views 0 comment Print

As per the provision contained in Income Tax Act, a resident payer is required to deduct TDS on sum paid to Non Resident payee, if income is chargeable to tax in India. Section 195 of Income Tax provides that payer is required to deduct TDS as per rates in  force.

Implementation of 48th GST Council Meeting Decisions

December 30, 2022 13590 Views 0 comment Print

Learn about the implementation of 48th GST Council Meeting Decisions notified by The CBIC with Notification No. 26 & 27/2022-Central Tax. Notification amendments include Rules 8, 9, 12, 37, 46, 46A, 59, 87, 89, 108, 138 and 161 and Forms REG 01, REG 17, GSTR-01, APL-01, APL-03, DRC-01A, DRC-03 and DRC-25.

IRRA platform in case of disruption of trading services provided by TM

December 30, 2022 837 Views 0 comment Print

A joint platform to provide Investor Risk Reduction Access (IRRA) service shall be developed by the exchanges to provide the investors an opportunity to square off/close the open positions and/or cancel pending orders in case of disruption of trading services provided by the Trading Member.

Applicable Study Material for CA Exams of May/ June 2023

December 30, 2022 10551 Views 0 comment Print

ICAI releases  Applicable Study Material For May/ June 2023 Exams Foundation, Intermediate And Final Course

Individual Housing loans – Revised limits under four-tiered regulatory framework

December 30, 2022 1584 Views 0 comment Print

Ceilings on housing loans to individuals are prescribed as ₹60 lakh for Tier-I UCBs and ₹140 lakh for Tier-II UCBs. Consequent upon classification of UCBs into four tiers under the revised regulatory framework, it has been decided to specify the limits on housing loans sanctioned by UCBs to an individual borrower as ₹60 lakh for Tier-1 UCBs and ₹140 lakh for UCBs categorised in Tier-2 to 4. Other terms and conditions of the circular ibid, remain unchanged.

Exposure Drafts of Amendments to Ind AS 1 and Ind AS 116

December 30, 2022 1530 Views 0 comment Print

Accounting Standards Board has issued the following Exposure Drafts for public comments with the last date of comments being January 30, 2023: Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants – Amendments to Ind AS 1, Presentation of Financial Statements and Lease Liability in a Sale and Leaseback – Amendments to Ind AS 116, Leases

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December 2022