Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961
New Delhi, 09th June, 2022 Section 206AB and 206CCA of the Income-tax Ad,1961 (effective from 1st July 2021 and amended via Finance Act, 2022), imposed higher TDS/TCS rate on the…
Liquidity Adjustment Facility – Change in rates
June 08, 2022 All Liquidity Adjustment Facility (LAF) participantsMadam/Sir, As announced in the Monetary Policy Statement, 2022-23, today, it has been decided by the Monetary Policy Committee (MPC) to increase…
Branches of Indian Banks operating in GIFT-IFSC – acting as Professional Clearing Member (PCM) of India International Bullion Exchange IFSC Limited (IIBX)
June 07, 2022 All Scheduled Commercial BanksMadam/Dear Sir On a review, it has been decided to allow the branches of Indian banks operating in GIFT-IFSC to act as PCM of…
Seeks to provide waiver of interest for specified electronic commerce operators for specified tax periods
New Delhi, the 07th June, 2022 G.S.R…….(E).- In exercise of the powers conferred by sub-section (1) of section 50 read with section 148 of the Central Goods and Services Tax…
Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer
June 6, 2022 All Non-Banking Financial Companies(Including Housing Finance Companies) Madam / Dear Sir, Please refer to the circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on “Scale Based Regulation (SBR): A…
Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022
June 01, 2022 To All Eligible Market Participants Madam/Sir Please refer to Paragraph 10 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary…
Income-tax (Sixteenth Amendment) Rules, 2022.
G.S.R. 404(E).—In exercise of the powers conferred by sub-section (1) of section 245W read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct…
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit – Extension
May 31, 2022 All Scheduled Commercial Banks (excluding RRBs),Small Finance Banks,Primary (Urban) Cooperative Banks & State Cooperative Banks (scheduled banks havingAD category-I license), andExim Bank Dear Sir / Madam, Please…
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List : Amendment in 6 entries (individuals)
May 30, 2022 The Chairpersons/ CEOs of all the Regulated EntitiesMadam/Dear Sir, Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as…
Faceless Penalty (Amendment) Scheme, 2022.
S.O. 2425(E).— In exercise of the powers conferred by sub-section (2A) of section 274 of theIncome-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme to…