AKGVG Weekly Insight
Dear Reader,
Greetings for the day!!!
We are pleased to share AKGVG's Weekly Insight, dated 23rd Aug, 2021 which includes:
Date: 23.08.2021
S.no Description Relevant links
Section I: Income Tax
1. CBDT notifies new Income Tax Rules i.e., Rule 12AA. Prescribed person for the purposes of clause (c) and clause (cd) of section 140 and Rule 51B. Appearance by Authorised Representative in certain cases. Notification no. 93/2021
dtd 18.08.2021
2. CBDT notifies the Income tax (23rd Amendment), Rules, 2021, to insert new IT Rule 10RB for prescribing the procedure/ methodology for re-computation of book profit u/s 115JB of the Income tax Act, 1961. Notification no. 92/2021
dtd 10.08.2021
3. CBDT notifies the Income tax (22nd Amendment), Rules, 2021, to prescribe methodology for computing income of specified funds covered u/s 10(4D)/115AD of the Income tax Act, 1961, attributable to non-residents. Notification no. 90/2021
dtd 09.08.2021
Section II: MCA
1. MCA notifies an Act further to amend the Insolvency and Bankruptcy Code, 2016. Notification
dtd 12.08.2021
2. MCA serves notification under section 393A of the Companies Act, 2013. Notification
dtd 05.08.2021
3. MCA notifies the Central Government has madenew rules further to amend the Companies (Specification of definitions details) Rules, 2014. Notification
dtd 05.08.2021
4. MCA notifies that Central Governmenthas madenew rules to amend the Companies (Registration of ForeignCompanies) Rules. Notification
dtd 05.08.2021
Section III: RBI
1. RBI notifies Safe Deposit Locker/Safe Custody Article Facility provided by the banks - Revised Instructions. Notification
dtd 18.08.2021
2. Monitoring of Availability of Cash in ATMs, notified by RBI. Notification
dtd 10.08.2021
1. Seeks to levy anti-dumping duty on imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP, and Thailand for a period of five years. Notification no. 43/2021
dtd 09.08.2021
We trust you will find this Journal informative as well as useful.
For any queries, you can write to us at "info@akgvg.com".
Looking forward to receive your valuable feedback

Disclaimer: This insight is meant for informational purpose only and should not be considered as an advice or opinion, or otherwise, whatsoever. AKGVG & Associates does not intend to advertise its services through this insight. AKGVG & Associates is not responsible for any error or omission in this insight or for any action taken based on its contents.

Best Regards!
Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

Tel: +91 9811118031, 9818330516,
Telefax:+91 11 49037920
Website: https://www.akgvg.com