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Explanatory Notes to Provisions of Finance Act, 2022

November 3, 2022 9183 Views 0 comment Print

CIRCULAR NO. 23/2022 F. No. 370142/48/2022-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** Dated the 3rd of November, 2022 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2022 CIRCULAR INCOME-TAX ACT Finance Act, 2022 — Explanatory Notes to the Provisions of the Finance Act, 2022 CIRCULAR […]

Faceless Assessment – Anonymized Escalation Mechanism & extension of Standard Examination Orders through RMS

November 3, 2022 2418 Views 0 comment Print

The Phase 1 referred to case of risk-based selection for examination after assessment (second check examination). Initially, in Part 1 of this phase, the goods under Assessment Group 4 in all Customs Stations were covered with effect from 05.09.2022.

Annual Compliance Certificate for Insolvency Professional Agencies

November 2, 2022 603 Views 0 comment Print

Compliance officer is mandated to submit a compliance certificate to IBBI annually, verifying that IPA has complied with provisions of IBC 2016 regulations, circulars, guidelines and directions

CBDT condones delay in Form 10A filing upto Nov 25

November 1, 2022 19611 Views 0 comment Print

Representations have been received by the Board stating that Form No.10A in some of such cases could not be filed by 31.03.2022. It has been requested that the delay in filing of Form No.10A in such cases may be condoned.

Mechanism for implementation of additional basic excise duty on sale of unblended petrol

October 31, 2022 1155 Views 0 comment Print

Mechanism for implementation of additional basic excise duty @Rs. 2 per litre levied on sale of unblended motor spirit (commonly known as petrol) – Circular No. 1085/06/2022-CX

Rating Scales Used by Credit Rating Agencies (CRAs) – Guidelines

October 31, 2022 2244 Views 0 comment Print

A ‘rating outlook’ indicates CRA’s view on the expected direction of the rating movement in the near to medium term, whereas a ‘rating watch’ indicates a CRA’s view on the expected direction of the rating movement in the short term.

SEBI cap number of ISINs maturing in a financial year for debt securities issued on private placement basis

October 31, 2022 2418 Views 0 comment Print

SEBI decided to further cap the number of ISINs maturing in a financial year for debt securities issued on private placement basis by modifying the said Chapter of the Operational Circular.

Multiple rejections of same PF claims for different reasons of rejections

October 28, 2022 1932 Views 0 comment Print

EPFO, HEAD OFFICE MINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIA 14, BHIKAIJI CAMA PLACE, NEW DELHI 110066 www.epfindia.gov.in No: WSU/2022/195/Vigilance Matters/Multiple Rejections (E-53936) Date: 28.10.2022 To, All ACC-HQs Zones, All ACCs (Zones), All RPFCs & In Charge of Regions, All OICs of SROs Sub: Multiple rejections of same PF claims for different reasons of rejections-regarding […]

Clause 2(IV)(A) of SEBI Circular on Development of Passive Funds applicable wef 01.05.2023

October 28, 2022 828 Views 0 comment Print

SEBI decided that Clause 2(IV)(A) of SEBI Circular on Development of Passive Funds shall be applicable with effect from May 01, 2023.

SEBI reduces face value for debt securities & non-convertible redeemable preference shares

October 28, 2022 3858 Views 0 comment Print

Face value of listed debt security and non-convertible redeemable preference share issued on private placement basis traded on a stock exchange or OTC basis shall be Rs. One lakh.

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