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Notifications/Circulars

Covid 19- State and UTs need to exercise caution and vigilance -MHA

January 27, 2022 1113 Views 0 comment Print

Kindly refer to the Ministry of Home Affairs’ (MHA) Order of even number issued today, vide which MHA Order dated 27.12.2021 issued to ensure compliance to the normative framework for taking evidence based COVID-19 containment measures, has been extended upto 28.02.2022.

Section 10(46) exemption to West Bengal Electricity Regulatory Commission

January 27, 2022 1788 Views 0 comment Print

Vide Notification No. 12/2022 – Income Tax | Dated:  27th January, 2022 CBDT notifies Tax Exemption to ‘West Bengal Electricity Regulatory Commission’, Kolkata, a Commission constituted by the State Government of West Bengal, in respect of the specified income under section 10(46) of Income Tax Act, 1961. CBDT corrects its mistake in Notification Numbering MINISTRY […]

Introduction of Special Situation Funds as a sub-category under Category I AIFs

January 27, 2022 1557 Views 0 comment Print

(a) Each scheme of SSF shall have a corpus of at least one hundred crore rupees. (b) SSF shall accept an investment of value not less than ten crore rupees from an investor. In case of an accredited investor, the SSF shall accept an investment of value not less than five crore rupees. Further, in case of investors who are employees or directors of the SSF or employees or directors of the manager of the SSF, the minimum value of investment shall be twenty-five lakh rupees.

Telecommunication Tariff (Sixty Sixth Amendment) Order, 2022

January 27, 2022 804 Views 0 comment Print

TRAI Authority may notify different rates for different persons or class of persons for similar telecommunication services and where different rates are fixed as aforesaid the Authority shall record the reason therefor

Interest calculator in GSTR-3B is now live on GST Portal

January 26, 2022 12969 Views 1 comment Print

Deployment of Interest Calculator in GSTR-3B 1. The new functionality of interest calculator in GSTR-3B is now live on the GST Poral. 2. This functionality will facilitate & assist the taxpayers in doing self-assessment. This functionality will arrive at the system computed interest on the basis of the tax liability values declared by the taxpayers, […]

Issuance of Securities in dematerialized form in case of Investor Service  Requests

January 25, 2022 11268 Views 1 comment Print

As an on-going measure to enhance ease of dealing in securities markets by investors, it has been decided that listed companies shall henceforth issue the securities in dematerialized form only (vide Gazette Notification no. SEBI/LAD-NRO/GN/2022/66 dated January 24, 2022) while processing the following service request.

Merger of PMC bank with Unity Small Finance Bank ltd Approved

January 25, 2022 10281 Views 0 comment Print

(1) This Scheme may be called the Punjab and Maharashtra Co-operative Bank Limited (Amalgamation with Unity Small Finance Bank Limited) Scheme, 2022. (2) It shall come into force on 25th day of January, 2022.

Setting up of CRU at central location, and CRU Email address for each Commissionerate of Mumbai Customs Zone-II

January 25, 2022 3264 Views 0 comment Print

Correspondence or dak in physical form may be delivered by Post, Courier, special messenger, or officers from other formations themselves. The correspondence may be received from the trade (importers, exporters), trade bodies, stakeholders such as Customs Brokers, shipping lines, custodians, from other Commissionerates, Directorates of the CBIC, other Government Departments, departmental officers, third parties etc. It is highlighted that any kind of physical documents shall invariably be submitted to the said CRU Section which shall receive and duly acknowledge the same.

Notification No. 11/2022-Income Tax [S.O. 345(E)], Dated: 25.01.2022

January 25, 2022 2049 Views 0 comment Print

The earnings of the assessee shall be credited either to the account of the Government of Abu Dhabi or to any other account designated by that Government so that no portion of the earnings inures to any private person barring any payment made to creditors or depositors for loan or borrowing [as defined in sub-clause (a) of clause (ii) of Explanation 2 to clause (23FE) of section 10 of the Act] taken for the purposes other than for making investment in India;

Food Safety and Standards (Packaging) First Amendment Regulations, 2022

January 25, 2022 2820 Views 0 comment Print

(1) These regulations may be called the Food Safety and Standards (Packaging) First Amendment Regulations, 2022. (2) They shall come into force on the date of their publication in the official Gazette.

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