Income-tax (8th Amendment) Rules, 2022

The amendment provides that every infrastructure capital company or infrastructure capital fund or infrastructure debt fund or public sector company shall submit within two months from the end of each
financial year, a certificate from an accountant, specifying the amount invested in each year in Form No. 5BA.

The Joint Electricity Regulatory Commission for the State of Goa and Union Territories (Electricity Supply Code) (First Amendment) Regulations, 2019.

As per the amendment under regulation 5.135, the Licensee shall pay interest to the consumer at the Bank Rate declared by the Reserve Bank of India prevailing on the 1 st of April for the year, payable annually on the consumer’s security deposit with effect from date of such deposit in case of new connections energized after the date of this notification, or in other cases, from the date of notification of this Supply Code, 2018.

Government of Kerala extends the one time settlement scheme.

The demand of tax for motor vehicles, for which arrears of tax has been paid under the above scheme and the whereabouts of which are not known or the vehicle is already dismantled, shall be stopped subjected to the production of an undertaking by the registered owner or possessor of the vehicle testifying that he shall remit the entire arrears of tax of the vehicle with additional tax with effect from 1st April 2022 if the vehicle is found used on road in contradiction of the facts submitted in the undertaking.

Ministry of Consumer Affairs extends timeline for disbursement of loan/completion of ethanol projects.

Under the schemes, the timeline for disbursement of loan for ethanol projects is up to March/April, 2022. However, due to unavoidable and unfortunate situation caused by COVID-19, project proponents were unable to adhere to the time limit for disbursement of loan from Banks/ Financial institutions and unable to complete their projects in a given time frame. Therefore, there is a need to extend the time line for disbursement of loans under interest subvention schemes announced earlier during 2018-2021.