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Circulars

Revision in Orders Per Second limit for algorithmic trading in Commodity Derivatives

March 17, 2022 1167 Views 0 comment Print

The limit on OPS may be further relaxed by the Stock Exchanges based on the increased peak order load observed and corresponding upgrade of infrastructure capacity to ensure that the capacity of trading system of the Stock Exchange remains at least four times the peak order load.

CBDT relaxes requirement of electronic filing of application in Form No. 3CF

March 16, 2022 4467 Views 0 comment Print

CBDT relaxes requirement of electronic filing of application in Form No. 3CF for seeking approval under section 35(1)(ii)/(iia)/(iii) of Income-tax Act, 1961 vide Income Tax Circular No. 5/2022 | Dated 16th March 2022. F. No. 225/54/2022/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi Income Tax Circular […]

New KPI formats under GST Act from 1st April 2022

March 16, 2022 3189 Views 0 comment Print

The old GST monthly KPI as prescribed in Internal Circular 33A of 2019 will be discontinued from March 22 and the new KPI formats as prescribed by this Internal Circular will be applicable from 1st April 2022, for reporting the periods March 2022 onwards on monthly basis.

Guidelines for Operational Activities – to be followed by Point of Presence (PoPs-NPS-Lite)

March 16, 2022 1542 Views 0 comment Print

Guidelines For The Points Of Presence Registered Under Regulation 3(1)(iv) – NPS-LITE-Swavalamban Scheme Of Pension Fund Regulatory And Development Authority (Point Of Presence) Regulations, 2018, And Amendments Thereof.

Discontinuation of usage of pool accounts for transactions in units of Mutual  Funds

March 15, 2022 2829 Views 0 comment Print

circular no. SEBI/HO/IMD/IMD-I DOF5/P/CIR/2021/635 dated October 4, 2021,, inter alia, required that stock brokers / clearing members facilitating mutual fund transactions shall not accept payment through one-time mandate or issuance of mandates/ instruments in their name for mutual fund transactions. However, one-time mandates in favour of SEBI recognized Clearing Corporations may be accepted.

TDS & Tax on Salary | Section 192 | FY 2021-22 | AY 2022-23

March 15, 2022 100377 Views 1 comment Print

CBDT issued Income Tax Circular No. 04/2022 on 15th March 2022 and explained all provisions related to deduction of Tax At Source (TDS) on Salary or Income Tax Payable on Salary for the Financial Year 2021-22 / Assessment Year 2022-23.  GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF DIRECT TAXES DEDUCTION […]

FDI Policy amended to permit foreign investment in LIC to 20%

March 14, 2022 1707 Views 0 comment Print

Review of FDI Policy for permitting foreign investment in Life Insurance Corporation of India (LIC) and other modifications for further clarity of the existing FDI Policy.

Exemption from SGST allowed to movie ‘Kashmir Files’ in Karnataka

March 14, 2022 2334 Views 0 comment Print

Government of Karnataka has directed to allow for State GST (SGST) benefit to the cinematographic shows of the movie The Kashmir Files.

Negotiated Large Trade facility on Stock Exchanges

March 11, 2022 576 Views 0 comment Print

In order to facilitate connects of recognised stock exchanges in IFSC with international exchanges, the price limits on NLT facility mentioned at clause 2(b) of circular dated June 22, 2021 may be aligned with the international exchange for such derivatives products that are having connect with any international exchange;

SOP on extension of time limit to apply for revocation of cancellation of GST registration

March 10, 2022 30915 Views 0 comment Print

SOP on extension of time limit to apply for revocation of cancellation of GST registration

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