SEBI cautions public against fraudulent messages on money refund.

It has come to the notice of SEBI that unscrupulous individuals are trying to cheat public by holding out as officials of Recovery and Refund Department of SEBI and falsely informing them about refund of money in various cases through phone calls/ e-mails/ messages.

GSTN removes Negative Balance in Cash Ledger.

Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the cash ledgers had become negative, therefore the government has decided to nullify the negative balance.

Income-tax (21st Amendment) Rules, 2022

The amendment provides that an original fund transferring a capital asset to a a Category III Alternative Investment Fund, shall fulfil the condition that the aggregate participation or investment in the original fund, directly or indirectly, by persons resident in India shall not exceed five per cent. of the corpus of such fund at the time of such
transfer.