AKGVG Weekly Insight
Dear Reader,
Greetings for the day!!!
We are pleased to share AKGVG's Weekly Insight, dated 04th Jan, 2022 which includes:
Date: 04.01.2022
S.no Description Relevant links
Section I: Income Tax
1. CBDT notified-Rule 16DD which says that- “Form of particulars to be furnished along with return of income for claiming deductionunder clause (b) of sub-section (1B) of section 10A.” Notification no. 140/2021
dtd 29.12.2021
2. Faceless Appeal Scheme, 2021 is notified by CBDT. Notification no. 139/2021
dtd 28.12.2021
3. CBDT notifies rule “2DD. Computation of exempt income of specified fund for the purposes of clause (23FF) of section10.” Notification no.1 38/2021
dtd 27.12.2021
Section II: GST
1. CBIC seeks to supersede notification 14/2021- CT(R) dated 18.11.2021 and amend Notification No 1/2017- CT (Rate) dated 28.06.2017. Notification no. 21/2021
dtd 31.12.2021
2. CBIC Seeks to make amendments (Tenth Amendment, 2021) to the CGST Rules, 2017. Notification no. 40/2021
dtd 29.12.2021
Section III: MCA
1. Relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4(CFS), AOC-4 XBRL, AOC-4 Non-XBRL and MGT-7/MGT-7A for the financial year ended on 31.03.2021 under the Companies Act, 2013 circulated by MCA. Circular no. 22/2021
dtd 29.12.2021
Section IV: RBI
1. Framework for Facilitating Small Value Digital Payments in Offline Mode notified by RBI. Notification
dtd 03.01.2022
2. RBI Announces Rate of Interest on Floating Rate Savings Bond, 2020 (Taxable) – FRSB 2020 (T) for the Period January 1 - June 30, 2022 notified by RBI. Press Release
dtd 31.12.2021
We trust you will find this Journal informative as well as useful.
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Best Regards!
Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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