Annual Aggregate Turnover (AATO) computation for FY 2021-22 Dated – 2.05.2022 The functionality of AATO for the FY 2021-22 has the following features: The taxpayers can view the exact Annual Aggregate Turnover (AATO) for the previous Financial Year (FY). The taxpayers can also view the Aggregate Turnover of the current FY based on the …
Risk value of commodities for risk-o-meter Notification number – SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/49 Dated – 11.04.2022 In exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the provision of Regulation 77 of SEBI (Mutual Funds) Regulation, 1996, this circular has been issued to protect the …
Surrender of certificate of registration of BNP Paribas Mutual Fund Press release number – 12/2022 Dated – 13.04.2022 BNP Paribas Assets Management Company Private Limited (BNPP AMC) had informed SEBI that they want to surrender the registration granted to BNP Paribas Mutual Fund by SEBI pursuant to change in control. BNPP AMC has also …
ITAT deletes disallowance made on account of employees contribution towards PF & ESI Citation – ITA No. 57/JP/2022 Court – Jaipur Bench Brief – Following the order of this Bench in the case of Sanjay Porwal vs CPC Bengaluru/ITO, Ward 6(4), Jaipur (supra), the disallowance made on account of employees contribution towards PF & ESI …
CBDT notifies NBFID under section 10(48D) of Income Tax Act, 1961 Notification number – 31/2022 – Income Tax Dated – 18.04.2022 In exercise of the powers conferred by clause (48D) of section 10 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby notifies the National Bank for Financing Infrastructure and Development, established …
RBI extends guidelines on LEI to Primary UCBs & NBFCs Circular number – RBI/2022-23/34 DOR.CRE.REC.28/21.04.048/2022-23 Dated – 21.04.2022 On a review, it has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs). It is further advised that non-individual borrowers enjoying aggregate exposure of ₹5 …
Scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity Notification number – 1(10)/2018-SP-I Dated – 22.04.2022 The Central Government with a view to increase production of ethanol and its supply under Ethanol Blended with Petrol (EBP) Programme, especially in the surplus season and thereby to improve the liquidity …
MCA extends Audit Trail Date to April 1, 2023 & CSR-2 to 31.05.2022 Notification number – G.S.R. (E) Dated – 31.03.2022 The Ministry of Corporate Affairs has extended the Implementation of Audit Trail software to financial year commencing on or after the April 1, 2023 and also extended CSR-2 due date to upto May 31, 2022. …
Standardisation of Ratings Scales Used by credit rating agencies – Extension of timeline for implementation Circular Number – SEBI/HO/MIRSD/MIRSD_CRADT/P/CIR/2022/43 Dated – 1.04.2022 In order to standardise the usage of rating scales, SEBI advised the credit rating agencies to either align their rating scales with the rating scales prescribed under the guidelines of respective financial sector …
Revision of UPI limits in Public Issue of Equity Shares and convertibles Circular number – SEBI/HO/CFD/DIL2/CIR/P/2022/45 Dated – 5.04.2022 SEBI has decided that all Individual Investors applying in Public Issues where the application amount is upto 5 Lakhs shall use UPI and shall also provide their UPI ID in the bid-cum-application form submitted with any …