Month: February 2022

In this edition we have tried to bring you notice the latest amendment that followed in the month of January, 2022 issued by MCA, RBI, SEBI, DIPP and others. Amendments issued by MCA Companies (Registration Offices and Fees) Amendment Rules, 2022: In exercise of the powers conferred by sections 396, 398, 399, 403 and 404 read with subsections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby make rules further to

M/S. Icon Engineering Works Vs. The DCIT, CPC Bangalore  2022 (2) TMI 228 -ITAT Bangalore The assessee would be entitled to deduction of employees’ contribution to PF and ESI provided that the payments were made prior to the due date of filing of the return of income u/s 139(1) – Also further held by the ITAT that amendment by Finance Act, 2021, to section 36[1][va] and 43B of the Act is not clarificatory. Therefore, the amended provisions are not applicable

  GST Calendar –Compliances for the month of January’2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) February 10,2022 GSTR-8 (Tax Collected at Source ‘TCS’) February 10,2022 GSTR-1 January 2022 February 11,2022 IFF- Invoice furnishing facility (Availing QRMP) February 13,2022 GSTR-6 January 2022 Input Service Distributor February13,2022 GSTR-2B (Auto Generated Statement) February 14,2022 GSTR-3B January 2022 February 20,2022 GSTR-5 January 2022 (Non-Resident Taxable Person) February 20,2022 GSTR-5A January 2022 (OIDAR Service Provider) February 20,2022 PMT-06 (who have

Tata group takes control of Air India: India’s auto-to-steel conglomerate in October 2021 emerged as the winner of bidding process started for state-run carrier Air India. Tata Group was handed the ownership of the airline after 70 years on 28 January, 2022. The conglomerate was awarded the deal in a $2.4 billion equity and debt deal, bringing an end to years of struggle to privatize the airline which was troubled by financial turmoil. The Air India strategic disinvestment transaction was