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Clarify whether currency notes carry corona virus or not: CAIT writes to Govt

January 14, 2022 1347 Views 0 comment Print

Confederation of All India Traders (CAIT) writes Health Minister for its clarification whether the currency notes carry corona virus or not. They also  urges Government to use polymer currency notes to control spread of virus as is used by the countries like UK, Australia and Canada. “Vyapar Bhawan” 925/1, Naiwala, Karol Bagh, New Delhi-110005. Phone: […]

Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022

January 14, 2022 2391 Views 0 comment Print

Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022- Reserve Bank of India, hereby makes the following regulations pertaining to the manner of filing of particulars of transactions with the Central Registry by a Trade Receivable Discounting System (TReDS) on behalf of Factors.

RBI releases Discussion Paper on Prudential Norms for Classification, Valuation and Operations of Investment Portfolio of Commercial Banks

January 14, 2022 1788 Views 0 comment Print

Reserve Bank of India has released today the Discussion Paper on Review of Prudential Norms for Classification, Valuation and Operations of Investment Portfolio of Commercial Banks. Comments on the Discussion Paper are invited from banks, market participants and other stakeholders by February 15, 2022.

SEBI (Settlement Proceedings) (Amendment) Regulations, 2022

January 14, 2022 4554 Views 0 comment Print

SEBI notifies Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2022 vide Notification No SEBI/LAD-NRO/GN/2022/62 Dated: 14th January, 2022. SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 14th January, 2022 SECURITIES AND EXCHANGE BOARD OF INDIA (SETTLEMENT PROCEEDINGS) (AMENDMENT) REGULATIONS, 2022 No SEBI/LAD-NRO/GN/2022/62.—In exercise of the powers conferred by Section 15JB of […]

Payment of Pension to EPS ’95 pensioners on last working day of month

January 13, 2022 3564 Views 0 comment Print

It has been decided that all field offices may send the monthly BRS to banks in such a way that pension gets credited to pensioners account on or before last working day of the month (except for the month of March that shall continue to be credited on or after 1st April). Further, it may simultaneously be ensured that actual pension is sent to pension disbursing banks not earlier than two days before it is to be credited in pensioners’ accounts.

Corrigendum Notification No. 4/2022- Income Tax, Dated: 13.01.2022

January 13, 2022 2241 Views 0 comment Print

Corrigendum to Notification No. 142/2021-Income Tax | Dated: 31st December, 2021 vide Notification No. 4/2022- Income Tax, Dated: 13.01.2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM Notification No. 4/2022- Income Tax New Delhi, the 13th January, 2022 S.O. 192(E).—In the notification of the Government of India, in the Ministry of […]

HC imposes cost on GST officer for seizure of goods without any justification

January 13, 2022 4395 Views 0 comment Print

Shri Surya Traders Vs Union of India (Allahabad High Court) Admittedly, the petitioner have sold the goods to two different registered dealers. The petitioner being a registered dealer have duly issued two tax invoices of the goods in question. The authorities have not disputed the issuance of tax invoices. An adverse view has been drawn […]

Ill health of Wife of Assessee- HC remits matter back to AO to grant one more opportunity

January 13, 2022 588 Views 0 comment Print

G. Satish Kumar Vs PCIT (Karnataka High Court) Petitioner has specifically stated that his wife is suffering from liver and brain tumor and was undergoing treatment and consequently, pursuant to the notice dated 09.09.2021 passed under Section 142(1) of the IT Act, the petitioner appeared before respondent No.2 and requested granting of 30 days time […]

ROC Filing Fees Increased – Section 403 of Companies Act, 2013 amended

January 12, 2022 11163 Views 0 comment Print

Amendment in Section 403 of the Companies Act, 2013 and notification of Companies (Registration Offices and Fees) Amendment Rules, 2022 w.e.f. 01st July, 2022. This is to inform you that the Central Government has appointed the 01st July, 2022 as the date on which the following provisions of the Companies (Amendment) Act shall come into force namely:

Classification of Auxiliary Power Unit (APU)- Off Combo Unit

January 12, 2022 3111 Views 0 comment Print

In re Alvest Millennium Aviation Leasing IFSC Pvt Ltd (CAAR Mumbai) According to the HSN Explanatory Notes, the heading 8803 covers parts of the goods falling in heading 88.01 or 88.02, provided the parts fulfil both the following conditions: – i. They must be identifiable as being suitable for use solely or principally with the […]

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