Block Mechanism in demat account of clients undertaking sale transactions
August 18, 2022 To,All DepositoriesAll recognized Stock Exchanges and Clearing Corporations Madam / Sir, 1. SEBI, vide circular no. CIR/HO/MIRSD/DOP/P/CIR/2021/595 dated July 16, 2021, introduced block mechanism in the demat…
Income-tax (27thAmendment) Rules, 2022.
G.S.R. 636(E).—In exercise of the powers conferred by clause (ha) of sub-section (2) and subsection (4) of section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board…
Income-tax (26th Amendment) Rules, 2022.
G.S.R. 634(E).—In exercise of the powers conferred by sub-section (1) of section 239A read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct…
Guidelines for overseas investment by Alternative Investment Funds (AIFs) / Venture Capital Funds (VCFs)
August 17, 2022 ToAll Alternative Investment FundsAll Venture Capital Funds Sir/ Madam, 1. In terms of Regulation 12(ba) of erstwhile SEBI (Venture Capital Funds) Regulations 1996 and Regulation 15(1)(a) of…
Income-tax (25th Amendment) Rules, 2022
New Delhi, 17th August, 2022 G.S.R. 632(E).—In exercise of the powers conferred under clause (a) of Explanation 3 to the third proviso to clause (23C) of section 10 and clause…
Income-tax (24th Amendment) Rules, 2022.
G.S.R. 622(E).—In exercise of the powers conferred by clause (a) of the tenth proviso to clause (23C) of section 10 and sub-clause (i) of clause (b) of sub-section (1) of…
Withdrawal of exemption from GST on services provided by IRDAI to Insurers
As per the MoF (Dept. of Revenue), GoI Notification No. 04/2022 – Central Tax (Rate), dt. 13th July, 2022 (effective from 18th July, 2022), the central tax (GST) exemption provided…
Applicability of Service Tax / GST on services provided by IRDAI to Insurance intermediaries
11/08/2022 As per the Order passed by the Commissioner (Appeals – I) in appeal no. HYD/SVTAXHYC/APP-025-022-23 (APP1) dated 22/06/2022, it is stated that the services provided by the Authority to…
Outsourcing of Financial Services – Responsibilities of regulated entities employing Recovery Agents
August 12, 2022 Madam/ Sir, The Reserve Bank of India has from time to time advised regulated entities (REs) that the ultimate responsibility for their outsourced activities vests with them…
Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022.
New Delhi, the 1st August, 2022 G.S.R…..(E).– In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government,…