CBDT exempts income of Assam Electricity Regulatory Commission u/s 10(46) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 5/2022 New Delhi, the 13th January, 2022 S.O. 193(E). In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act,1961 (43 of …

Determination of income of a specified fund attributable to the investment division of an offshore banking unit. CBDT notifies Income tax (1st Amendment), Rules, 2022. CBDT has notified two new Income Tax Rules (i) Rule 21AJA – Computation of exempt income of specified fund, attributable to the investment division …

MCA revises additional fee for late filing of e-forms. Higher Additional fee to be paid in certain cases MCA has revised additional fees to be paid for late filing of e-forms. The MCA has amended the Companies (Registration Offices and Fees) Rules 2014 by notifying the Companies (Registration …

ICAI bans a chartered accountant for doing audit in excess of prescribed numbers The Disciplinary Committee of the ICAI has held CA. Deepak Kedia (Membership No. 029842), BENGALURU, guilty of Professional Misconduct. Previously, the ICAI had taken action in terms of the provisions of Section 21B(3) of the …

  CBDT vide Circular dated 11.01.2022 further extends due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 CBDT Circular 01/2022 dated 11.01.2022 further extends due dates for filing of Income Tax Returns and various reports of audit for the …

Supreme Court excludes period from 15.03.2020 till 28.02.2022 for limitation purpose   In March, 2020, the Hon’ble Supreme Court had taken Suo Motu cognizance of the difficulties that might be faced by the litigants in filing petitions/applications/ suits/ appeals/ all other quasi proceedings within the period of limitation …