Vide this circular the Central Board of Direct Taxes (CBDT) has issued additional guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-Tax Act, 1961. Earlier, the CBDT had issued guidelines vide Circular no. 12 of 2022, dated 16th June, 2022. Vide this letter dated 16.09.2022 the Central Board of Direct Taxes (CBDT) has issued Guidelines […]
GST Calendar –Compliances for the month of October 2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) October 10, 2022 GSTR-8 (Tax Collected at Source ‘TCS’) October 10, 2022 GSTR-1 October 11, 2022 IFF- Invoice furnishing facility (Availing QRMP) October 13, 2022 GSTR-6 Input Service Distributor October 13, 2022 GSTR-2B (Auto Generated Statement) October 14, 2022 GSTR-3B […]
Sequoia Capital pares stake in Zomato: Sequoia Capital India has pared its stake in Zomato Ltd by selling shares in the open market, joining Tiger Global, Uber and Moore Strategic Ventures among investors who have either fully or partially sold their holdings in the online food delivery aggregator in recent weeks. Sequioa, which first invested in Zomato in 2013, sold […]
Indirect Tax News Letter GST Calendar –Compliances for the month of August 2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) September 10, 2022 GSTR-8 (Tax Collected at Source ‘TCS’) September 10, 2022 GSTR-1 September 11, 2022 IFF- Invoice furnishing facility (Availing QRMP) September 13, 2022 GSTR-6 Input Service Distributor September 13, 2022 GSTR-2B (Auto Generated Statement) […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of August, 2022 issued by MCA, RBI, SEBI, DIPP and others. AMENDMENTS ISSUED BY MCA MCA has published the Companies (Registration of Charges) Second Amendment Rules, 2022. New Rule 13 has been notified providing that Form No. CHG-1, Form No. CHG-4, Form […]
Recent Updates CBDT notifies books & other documents to be maintained u/s 10(23C)/12A. Notification No. 94/2022 dated 10-08-2022. CBDT amends Rule 17CB to replace ‘trust or institution’ with ‘specified person’ in relation to Method of valuation for the purposes of sub-section (2) of section 115TD. CBDT extends time-limit for furnishing of Form-67. Foreign Tax Credit (FTC) can be claimed at time of filing […]
Jai Kisan snags $50 mn in first close of Series B at $200-240 mn valn: Jai Kisan, a rural fintech start-up, has raised capital to the amount of USD 50 million (c. 398.5 cr) in a mix of equity and debt in the first close of its ongoing Series B round. The investors invested funds at a pre-money valuation of […]
GST Calendar –Compliances for the month of July 2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) August 10, 2022 GSTR-8 (Tax Collected at Source ‘TCS’) August 10, 2022 GSTR-1 August 11, 2022 IFF- Invoice furnishing facility (Availing QRMP) August 13, 2022 GSTR-6 Input Service Distributor August 13, 2022 GSTR-2B (Auto Generated Statement) August 14, 2022 GSTR-3B […]
India is in process to implement new labour law reforms by: consolidating 29 existing legislations into 4 new Codes standardising, rationalising & updating the existing labour laws with contemporary relevance; covering employees from both organized and un-organised sector; emphasising on transparency, accountability and tech-based operations ensuring ease of operations and enforcement. Biggest impacts of the New Labour Codes: Payroll: Uniformity […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of July, 2022 issued by MCA, RBI, SEBI, DIPP and others. AMENDMENTS ISSUED BY MCA MCA notification for V3 portal w e f 31st August 2022 Following forms will be rolled out in this phase: DIR3-KYC Web, DIR3-KYC E-form, DPT-3, DPT-4, CHG-1, CHG-4, […]