The MCA has released a list of forms for which relaxation is provided vide General Circular No. 11/2021 & 12/2021. For the purpose of General Circular No. 06/2021 & 07/2021, a list of 53 forms was already in existence. In addition to that the MCA has added 4 more forms.
The CBDT on 30th June, 2021, has issued a set of guidelines in regards to the application of Section 194Q w.e.f. 1st July, 2021 vide Circular No. 12/2021.
ELSS is a type of diversified equity mutual fund that invests a majority of its funds (about 80%) in equity and equity related schemes. ELSS investments have a lock-in period of 3 years.
With a view to making the disclosure more accurate and efficient, the NSE, in consultation with SEBI, has introduced a facility for filing RPTs in XBRL mode under regulation 23(9) of LODR Regulations, 2015.
The settlement cycle is shortened after keeping in view the requests from various stakeholders and discussions with Stock Exchanges, Clearing Corporations and Depositories.
CBDT has issued certain notifications to provide for the transfer of capital assets from Air India Limited to Air India Assets Holding Limited and to clarify certain things under the Income Tax Act, 1961.
There were a lot of practical difficulties which were faced by individuals and professionals. However, CBDT has published two notifications that give clarity regarding the meaning of a specified bank and form of declaration.
CBIC extends the timeline for filing of the application for revocation of cancellation of registration and late fee amnesty scheme while also amending Form GST ASMT-14 via CGST (Seventh Amendment) Rules, 2021.
CBDT has announced an extension in the electronic filing of various forms under the Income Tax Act on 29th August 2021. Same has been discussed in a tabular format in this article.
Discussing the 6 major amendments made in SEBI Regulations including SEBI (Alternative Investment Funds) (Fourth Amendment) Regulations, 2021 and SEBI (Depositories and Participants) (Amendment) Regulations, 2021 etc.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English