AKGVG Weekly Insight
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Greetings for the day!!!
We are pleased to share AKGVG's Weekly Insight, dated 18th Jan, 2022 which includes:
Date: 18.01.2022
S.no Description Relevant links
Section I: Income Tax
1. CBDT notified, New Rule 21AJA, Computation of exempt income of specified fund, attributable to the investment division ofan offshore banking unit, for the purposes of clause (4D) of section 10 of the Income Tax Act, 1961. Notification no. 6/2022
dtd 14.01.2022
2. CBDT notifies the “International Financial ServicesCentres Authority”, Act, 2019 (50 of 2019), in respect of some specified income arising to the Authority. Notification no. 3/2022
dtd 11.01.2022
3. CBDT notifies Extension of timelines for filing of Income-tax returns and variousreports of audit for the Assessment Year 2021-22– reg. Circular no. 01/2022
dtd 11.01.2022
Section II: MCA
1. MCA circulates the date submission of the Immovable Property Return (IPR) for the year 2021 by 31.01.2022. Circular dtd 10.01.2022
Section III: RBI
1. RBI releases points of discussion of 28th Meeting of the FSDC Sub-Committee over Video Conference. Press Release
dtd 13.01.2022
2. Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Deletion of entries notified by RBI. Notification
dtd 06.01.2022
3. RBI circulates Master Circular for Bank Finance to Non-Banking Financial Companies (NBFCs). Notification
dtd 05.01.2022
Section IV: Custom
1. CBIC seeks to amend Notification No. 49/2017-Customs (ADD), dated the 17th October, 2017, to remove levy of ADD on Colour coated / pre-painted flat products of alloy or non-alloy steel originating in or exported from China PR and European Union. Notification no. 02/2022
dtd 13.01.2022
2. CBIC seeks to amend notification No. 30/2016 dated 11.07.2016 which seeks to impose Anti-dumping Duty on Imports of 1,1,1,2-Tetrafluoroethane or R-134a from China PR. Notification no.01/2022
dtd 06.01.2022
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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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