SEBI: SEBI has prescribed that all demat accounts of stock brokers should be appropriately tagged by 30th June 2022 (Circular No. SEBI/HO/MIRSD/ MIRSD_DPIEA/P/CIR/2022/83 Dated 30th June 2022)
Customs: CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 17th June, 2022 (Notification No. 51/2022-Cus (NT) dated 16th June 2022)
RBI: CBDT has amended the Rule 10TD of Income Tax Rules, 1962 and extended applicability of Safe Harbour Rule 10TD(1) and Rule 10TD(2A) to AY 2022-23. The notification is effective dated 1 April 2022 (Notification No. 66/2022-Income-Tax Dated 17th June 2022)
RBI: RBI has decided to increase the Additional Factor of Authentication (AFA) Limit from Rs.5,000/- to Rs.15,000/- per transaction (Circular No. RBI/2022-23/73 CO.DPSS.POLC.NO.S-518/02.14.003/2022-23 Dated 16th June 2022)
RBI: The RBI has announced Series I and II of Sovereign Gold Bond Scheme 2022-23 (Circular No. RBI/2022-23/72 IDMD.CDD. NO.S789/14.04.050/2022-23 Dated 16th June 2022)
Income Tax: CBDT has issued guidelines for removal of difficulties under sub-section(2) of section 194R of Income Tax Act, 1961. Board has framed the questions and answered them to give clarity on the deduction of tax at source (Circular No. 12 /2022-Income Tax Dated 16th June 2022)
Income Tax: CBDT has notified a new Rule 21AIA prescribing the “other conditions” required to be fulfilled by a specified fund referred to in section 10(4D) of the Income-tax Act, 1961 (Notification No. 64/2022 -Income Tax Dated 16th June 2022)
Income Tax: CBDT has exempted deduction of tax at source under section 194-I of the Income-tax Act, 1961 on payment of lease rent or supplemental lease rent made to a unit located in the International Financial Services Centre (IFSC) for the lease of an aircraft. (Notification No.65/2022-Income Tax Dated 16th June 2022)
IBBI: IBBI reduces timelines for speedy disposal of grievances under the Grievance & Complaint Handling procedures norms (Notification No. IBBI/2022-23/GN/REG086 Dated 14th June 2022).
IBBI: Now Operational Creditors must furnish copies of GSTR-1, GSTR-3B, and e-way bill along with the application under section 9 of the Insolvency and bankruptcy Code, 2016 (Notification No. IBBI/2022-23/GN/REG084 Dated 14th June 2022)
IBBI: Now creditors need to file information of default with information utilities before filing the application to initiate the Corporate Insolvency Resolution Process(CIRP) (Notification No. IBBI/2022-23/GN/REG085 Dated 14th June 2022)
SEBI: SEBI brings uniformity in nomination process for Mutual Fund Unit Holders (Circular No. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/82 Dated 15th June 2022)
Income Tax: Central Board of Direct Taxes (CBDT) has notified that Transfer of capital asset from NTPC Ltd. to NTPC Green Energy Ltd. shall not be treated as transfer u/s 47 (Notification No. 63/2022 Dated 15th June 2022)
Customs: CBIC has issues the Tariff Notification for Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver (Notification No. 50/2022-Custom (N.T.) Dated 15th June 2022)
DGFT: Changes are made in Public Notice 10/2015-20 dated 24.05.2022 for notifying additional provisions for allocation of Tariff Rate Quota (TRQ) for 20 Lakh MT of Crude Soya bean oil and 20 Lakh MTs of Crude Sunflower oil for FY 2022-23 and 2023-24 (Public Notice No. 15/2015-20 Dated 14th June 2022)
GST: CBIC has issued detailed procedure for sanction, post audit and review of refund claims under GST (Instruction No. 03/2022-GST Dated 14th June 2022)
Income Tax: Roll out of first phase of changes in Income Tax Business Application (ITBA) functionalities for Faceless Assessment due to amendments in Section 144B by Finance Act, 2022. (Instructions NaFAC/Delhi/CIT-I/2021-22/105 /49 Dated 14th June 2022)
Income Tax: CBDT has notified Cost Inflation Index for Financial Year 2022-23 at 331 (Notification No. 62/2022-Income Tax Dated 14th June 2022)
SEBI: SEBI cautions Investors against dealing with unregulated platforms offering Algorithmic Trading (Press Release No. 20/2022 Dated 10th June 2022)
MCA: Govt. has notified the Companies (Appointment and Qualification of Directors) Second Amendment, Rules, 2022. As per amended norms, any individual whose name has been removed from the databank, may apply for restoration of his name on payment of fees of Rs. 1000 and the institute shall allow such restoration subject to riders. (Notification No. …
