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Notifications/Circulars

IBBI suspends registration of IP for arrest by CBI for alleged undue advantage demand

May 9, 2022 315 Views 0 comment Print

Mr. Maity is handling 13 assignments, which are ongoing. It has been mentioned in the press release, that the CBI has arrested Mr. Maity regarding demand for undue advantage of Rs.20,00,000/-.

Telangana State One-Time Settlement Scheme 2022 – To settle disputed taxes

May 9, 2022 16026 Views 5 comments Print

Commissioner of Commercial Taxes, Telangana, Hyderabad, the Government have decided to introduce a One Time Settlement Scheme to settle disputed tax under the legacy Acts such as Andhra Pradesh General Sales Tax Act, 1957, the Telangana Value Added Tax Act, 2005, the Central Sales Tax Act, 1956 and the Telangana Entry of the Goods into Local Areas Act, 2001

Guidelines under clause (23FE) of section 10 of Income-tax Act

May 9, 2022 7674 Views 0 comment Print

Finance Act, 2020, inter-alia, inserted clause (23FE) in section 10 of the Income-tax Act, 1961 “) to provide for exemption to wholly owned subsidiaries of Abu Dhabi Investment Authority (ADIA), sovereign wealth funds (SWF) and pension funds (PF)

Central Waqf Council (Amendment) Rules, 2022

May 9, 2022 1719 Views 0 comment Print

Central Government hereby makes the following rules further to amend the Central Waqf Council Rules, 1998, namely Central Waqf Council (Amendment) Rules, 2022.

Notification for Enhancement in Family Pension of employees Treatment of additional liability

May 9, 2022 609 Views 0 comment Print

Reserve Bank of India, hereby declares that the provisions of sub-section (1) of section 15 of the said Act shall not apply to a banking company for a period upto 31st March, 2026, in so far as it relates to the treatment of unamortised expenditure on account of enhancement in family pension as set out in the Reserve Bank of India circular

CBDT inserts new Rule 2DCA Computation of minimum investment & exempt income for Section 10(23FE)

May 7, 2022 8118 Views 0 comment Print

CBDT inserts new Rule 2DCA Computation of minimum investment & exempt income for Section 10(23FE) vide Notification No. 50/2022-Income Tax Dated 6th May, 2022 and also – -Substituted Form No. 10BBB [See rule 2DB] – Intimation by Pension Fund of investment under clause (23FE) of section 10 of the Income-tax Act, 1961 -Substituted Form No 10BBC […]

SEBI constitutes advisory committee on Environmental, Social & Governance matters

May 7, 2022 1782 Views 0 comment Print

Securities and Exchange Board of India Press Releases No. 15/2022 SEBI constitutes advisory committee on Environmental, Social and Governance (ESG) matters 1. SEBI has constituted a committee for advising on ESG-related matters in the securities market. The members of the committee are: S. No. Name Designation 1. Chair of Committee – Mr. Navneet Munot CEO, HDFC […]

Additional quantity of 2051 MT of raw sugar, for export to USA notified

May 6, 2022 354 Views 0 comment Print

Additional quantity of 2051 MT of raw sugar, for export to USA, under TRQ, upto 30.09.2022, has been notified. Public Notice No.07/2015-2020 | Dated: 6th May, 2022

IBBI amends IBBI (Liquidation Process) Regulations, 2016

May 6, 2022 540 Views 0 comment Print

Insolvency and Bankruptcy Board of India (Board) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2022 (Amendment Regulations 2022) on 28th April, 2022.

Proposals for Exemption / Extension of Exemption from EDLI Scheme, 1976

May 6, 2022 2772 Views 0 comment Print

It has been observed that various proposals regarding grant of exemption/ extension of Exemption from EDLI Scheme – 1976 have been forwarded by field offices to Head Office for approval of CPFC.

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