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CBDT extends due date for filing of TDS statement in Form 26Q for Q2

October 27, 2022 39681 Views 0 comment Print

CBDT extends due date for filing of TDS statement in Form 26Q for the second quarter of Financial Year 2022-23  This is to inform that Central Board of Direct Taxes (CBDT) has extended the due date of filing of form 26Q for the second quarter of financial year 2022-23 from 31st October’2022 to 30th November’2022 […]

Block Mechanism in demat account of clients undertaking sale transactions – Clarification

October 27, 2022 1971 Views 0 comment Print

SEBI introduced block mechanism in demat account of clients undertaking sale transactions, for ease of operations in Early Pay-in mechanism.

Due Date for Return filing for Audit & Related Cases extended to 07th Nov 2022

October 26, 2022 28821 Views 0 comment Print

CBDT extends the due date of furnishing of Return of Income under sub-section (1) of section 139 of the Act for the Assessment Year 2022-23, which is 31st October 2022 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to 07th November, 2022.

IRDAI Master Guidelines on AML/CFT 2022 – extension of time for Implementation

October 26, 2022 1293 Views 0 comment Print

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Circular Ref: IRDAI/IID/GDL/MISC/225/10/2022 | Dated: 26.10.2022 To, All General and Health Insurers Sub: – Master Guidelines on AML/CFT 2022 – extension of time for Implementation This has reference to Master Guidelines on Anti-Money Laundering/ Counter Financing of Terrorism (AML/CFT), 2022 issued vide ref. IRDAI/IID/GDL/MISC/ 160/8/2022 dated 1st August 2022. […]

IRDAI permits Repatriation of excess Assigned Capital by FRBs/Lloyd’s India

October 26, 2022 1083 Views 0 comment Print

The request to repatriate the assigned capital shall be submitted by the Foreign Reinsurer, who is engaged in reinsurance business through a branch established in India, justifying the reasons for such request;

Processing Death Claims where Nomination is changed post death of NPS Subscribers

October 20, 2022 936 Views 0 comment Print

Nomination can be made only by the subscriber. However, there are special provisions enabled as per exit regulations for treating the nomination as made in the service records to protect the interest of the subscribers who were employed and covered under NPS through their employers.

Option to allocate 75% of NPS subscriber’s contribution in Asset Class E (Equity) in Tier-I – Reg.

October 20, 2022 882 Views 0 comment Print

PFRDA to allow option to allocate 75% of subscriber’s contribution in Asset Class E (Equity) in Tier-I under active choice without any conditions of tapering from the age of 51 years.

Non-Accrual of interest on borrowings by companies in violation of Ind AS

October 20, 2022 8184 Views 1 comment Print

NFRA Circular on Non-Accrual of interest on borrowings by the companies in violation of Indian Accounting Standards (Ind AS) It has come to the attention of the NFRA during  a disciplinary action under section 132(4) of the Act for professional misconduct of the statutory auditor (CA Som Prakash Aggarwal) of a listed company (Vikas WSP […]

Clarification on operation of SB Pension & Joint Accounts opened by 3 adults jointly opened before 18.12.2019

October 20, 2022 750 Views 0 comment Print

If any depositor is already having one SB Pension Single Account and one normal SB Single Account opened before 18.12.2019, both the accounts can be continued in operation and they shall be treated as normal savings accounts for operation.

SEBI allows stock brokers registered under debt segment to place/seek bids on RFQ platform

October 19, 2022 1311 Views 0 comment Print

SEBI decided to allow stock brokers registered under the debt segment of the Stock Exchange(s) to place/ seek bids on the RFQ platform on behalf of client(s), in addition to the existing option of placing bids in a proprietary capacity.

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