Month: July 2022
Conditions to be fulfilled by original fund u/s 47(viiad) if resultant fund is Category III Alternative Investment Fund MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 80/2022 New Delhi, the 8th July, 2022 G.S.R.524(E).—In exercise of the powers conferred by sub-clause (iv) of clause (a) …
Negative balance in cash ledgers of some composition taxpayers to be nullified GSTN has issued an advisory on negative balance in cash ledgers of some composition taxpayers. According to it, due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the …
ICAI finds three CAs for Professional Misconduct, removes their names and imposes fine. The Disciplinary Committee of ICAI in terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and …
Deduction u/s 54. Assessee cannot be blamed for the delay in housing projects by the builder as sections 54 and 54F are beneficial provisions. In a recent judgment, ITAT has held that deduction u/s 54 can not be denied for the delay in housing projects by the builder …
The Companies (Incorporation) Second Amendment Rules, 2022. Amendment to Form INC-9 & INC-32 (SPICe+) MCA has notified the Companies (Incorporation) Second Amendment Rules, 2022 amending the Companies (Incorporation) Rules, 2014. The Form INC-9 related to Declaration by Subscribers and First Directors has been amended with effect from 1st …
The Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022 Notice of defect in Form STK-2 to be given by Registrar of Companies (RoC) in Form STK-1 Rule 4 of the n the Companies (Removal of Names of Companies from the Register of …
CBIC has issued GST Notifications as per the recommendations of the 47th meeting of the GST Council Sl Subject Notification No. 1. Provisions of clause (c) of section 110 and section 111 of the Finance Act, 2022 related to payment of interest on wrong utilisation of input tax …
Release of Compendium of Ind AS (as on April 01, 2022) and related guidance material Compendium of Ind AS is a comprehensive up-to-date version encompassing all the rounds of amendments issued by MCA till date that are effective as of 1st April, 2022. Further, the guidance material comprises …
CBDT specifies non-fungible token which shall not be considered as virtual digital asset  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 75/2022 New Delhi, the 30th June, 2022 (Income-tax) S.O.2959(E).––In exercise of the powers conferred by clause (a) of Explanation to clause (47A) of section …
CBDT notifies virtual digital assets excluded from the definition of virtual digital asset MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 74/2022 New Delhi, the 30th June, 2022 (Income-tax) S.O.2958(E).––In exercise of the powers conferred by proviso to clause (47A) of section 2 of the …
