Key Highlights – Union Budget 2022

Union Finance Minister Nirmala Sitharaman introduced the Finance Bill 2022 in Parliament on 01st February 2022. The Following are the Key Highlights of Union Budget

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Economic Survey 2021-22

The Economic Survey was tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman on 31st January 2022. For the Detailed Report, Click Herehttps://www.indiabudget.gov.in/economicsurvey/

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Guidance Note on schedule III to the Companies Act, 2013 (Revised Edition)

The Ministry of Corporate Affairs (MCA) has recently revised the Schedule III to the Companies Act, 2013 vide notification dated 24th March 2021 by introducing additional disclosure requirements in the financial statements to improve governance. To provide guidance in view of the significant amendments made in Schedule III to the Companies Act, 2013, ICAI has brought…

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UDIN Updates

Last Date of updation of UDINs at e-filing Portal The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 30th April, 2022. For the Announcement, Click Here: https://www.icai.org/post/last-date-of-updation-of-udins-at-e-filing-portal-300422 2. FRN will be compulsory field for UDIN Generation Firm Registration Number (FRN) will be a compulsory…

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MCA – Revised Additional Fees wef 01st July 2022

MCA has revised additional fees to be paid for late filing of e-forms Wef from July 1, 2022. The Table of additional fee/higher additional fee for delay in filing of forms have been increased/revised as under: Important points Higher Additional fees Higher Additional Fee shall be payable if there is delay in filing form INC-22…

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Income Tax – Extension of Time Limits

In view of difficulties reported by the taxpayers and other stakeholders in electronic filing of various Reports of Audit, CBDT has extended time limits of certain compliances under Income Tax. Some of the important points are highlighted here: Return of Income for Certain Assessees for the Assessment Year 2021-22 The due date of Filing Return of Income for…

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Physical Form – Option to get Polling Booth Re-allotted

For those facing Technical glitches in the online submission of options for re-allotment of polling booths, may send scanned image of request letter in the prescribed form duly signed and send to election2021@icai.in from registered email id. For the Request Format for Change of Polling Booth, Click Here:https://resource.cdn.icai.org/67390election2021-54189format.pdf To Know your allotted polling Booth, Click here:https://appforms.icai.org/elections/knowyourbooth2021.html For…

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National Company Law Tribunal (NCLT) Invites Online Applications for post of Judicial and Technical Members.

National Company Law Tribunal (NCLT) constituted under Section 408 of the Companies Act, 2013, Invites Applications Online Applications for post of Judicial and Technical Members. Vacancies Judicial Member – 09 Nos. Technical Members – 06 Nos. The number of vacancies are tentative and may decrease or increase without prior notice. Last Date and Time of…

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AOC-4 & MGT-7 – Additional Fee Relaxation up to 31st December 2021

The Ministry of Corporate Affairs has made relaxations on levy of additional fees up to 31-12-2021 in the filing of following e-forms for the financial year ended on 31-03-2021: AOC-4 AOC-4 (CFS) AOC-4 XBRL AOC-4 Non-XBRL MGT-7 MGT-7A Only normal fees shall be payable for the filing of the aforementioned e-forms up to 31-12-2021. For the General Circular…

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OPTION TO GET POLLING BOOTH RE-ALLOTTED – ICAI ELECTION

ICAI has hosted Online filing of request form for change of polling booth in the same constituency (Rule 5) or in a city beyond one’s own constituency [Rule 6(2)] Eligibility The Members who are entitled to vote by poll shall have the option to choose for a polling booth in the same/different city within the…

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