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Notifications/Circulars

Refund of security deposit to Broker Dealers on surrender of membership

June 28, 2022 2961 Views 1 comment Print

On approval of application for surrender of Broker Dealer’s registration by IFSCA, the Stock Exchange shall release Security Deposit of the Broker Dealer (engaged in trading on behalf of clients) after twelve months from the date of approval of surrender application by IFSCA.

Provisioning Requirement for Investment in Security Receipts (SRs)

June 28, 2022 2016 Views 0 comment Print

The difference between the carrying value of such SRs and the valuation arrived at as on the next financial reporting date after the date of issuance of MD-TLE, in terms of clause 77 of the MD-TLE, may be provided over a five-year period starting with the financial year ending March 31, 2022 – i.e. from FY2021-22 till FY2025-26.

CBIC Notifies Rate of Exchange of Turkish Lira wef 29.06.2022

June 28, 2022 357 Views 0 comment Print

CBIC Notifies Rate of Exchange of Turkish Lira wef 29.06.2022 vide Notification No. 53/2022 -Customs (N.T.) Dated: 28th June, 2022

FSSAI Imports related directions on rectifiable labeling information

June 28, 2022 1350 Views 0 comment Print

FSSAI Imports related directions on rectifiable labeling information for imported food consignments and import of Clove Stem – Instruction No. 10/2022-Customs

Jurisdiction Notification No. 72/2022-Income Tax, Dated: 28.06.2022

June 28, 2022 1008 Views 0 comment Print

Jurisdiction Notification No. 72/2022-Income Tax, Dated: 28.06.2022 under section 120 of the Income tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 72/2022-Income Tax | Dated: 28th June, 2022 S.O. 2925(E).—In exercise of the powers conferred by sub- sections (1) and (2) of section 120 of […]

Jurisdiction Notification No. 71/2022-Income Tax, Dated: 28.06.2022

June 28, 2022 1437 Views 0 comment Print

Jurisdiction Notification No. 71/2022-Income Tax, Dated: 28.06.2022 under section 120 of the Income tax Act, 1961. Also Read:CORRIGENDUM to Notification No. 71/2022-Income Tax | Dated: 28.06.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 71/2022-Income Tax | Dated: 28th June, 2022 S.O. 2926(E).— In exercise of powers conferred […]

Tolerance Band for AY 2022-23 in case of wholesale trading & others

June 28, 2022 3264 Views 0 comment Print

In exercise of the powers conferred by the third proviso to sub-section (2) of section 92C of the Income-tax Act, 1961 (43 of 1961)(hereafter referred to as the said Act), read with proviso to sub-rule (7) of rule 10CA of the Income-tax Rules, 1962, the Central Government hereby notifies that where the variation between the arms length price determined under section 92C of the said Act and the price at which the international transaction or specified domestic transaction has actually been undertaken does not exceed one per cent.

Forest (Conservation) Rules, 2022

June 28, 2022 5448 Views 0 comment Print

These rules may be called the Forest (Conservation) Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

Adjustment in derivative contracts for dividend announcements

June 28, 2022 1227 Views 0 comment Print

Based on the recommendations of SMAC, it has been decided that the adjustment in derivative contracts shall be carried out in cases where dividends declared are at or above 2% of the market value of underlying stock.

Section 194S TDS on transactions other than those taking place on or through an Exchange

June 28, 2022 68484 Views 0 comment Print

CBDT Order under section 119 of the Income-tax Act, 1961 (the Act) in relation to tax deduction at source under section 194S of the Act for transactions other than those taking place on or through an Exchange

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