Clarification regarding provisions relating to charitable and religious trusts
The circular provide clarification regarding application of section under the act for failure to apply to registration/approval, extension of due date for furnishing of Form no. 10BD, clarification regarding applicability of provisional registration, denial of exemption in case where the statement of accumulation if not filed by the due date and regarding audit report to be furnished in Form no. 10B.
Guidelines for deduction of tax on income by way of winnings from any online games
Guidelines for the new section inserted in the Income-tax Act, 1961 which is the tax to be deducted from any person paying any income by way of winnings from any online games at the time of withdrawal as well as at the end of financial year.
Revision in computation of Core Settlement Guarantee Fund in Commodity Derivatives Segment
Clearing Corporations in Commodity Derivatives Segment to align their core SGF in terms of SEBI circulars dated August 27, 2014 as well as July 11, 2018.
Model Tripartite Agreement between the Issuer Company, Existing Share Transfer Agent and New Share Transfer Agent as per Regulation 7(4) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015
RTAs and listed companies are advised to publish the format of tripartite agreement on their respective websites.
NSE Reminder for submission of Internal Audit Report for the half year ended March 31, 2023
The member shall comply with all the regulatory requirements to avoid any penal charges/disciplinary action for the non/late submission of the report.
ESI Act extended to new districts in bihar
Implementation of ESI Act,1948 in the entire area of
Arwal, Jamui, Kaimur, Khagaria, Kishanganj, Madhepura, Madhubani, Nawada, Purnia, Sheikhpura and West Champaran in the state of Bihar shall be effective from 01.06.2023.
Ministry of Minority Affairs supports Development of Unani Medicine System
Ministry of Minority Affairs has approved a grant of Rs. 45.34 Crores under Pradhan Mantri Jan Vikas Karyakram (PMJVK), a centrally sponsored scheme (CSS). This will support the upgradation of Unani Medicine facilities at Hyderabad, Chennai, Lucknow, Silchar and Bengaluru.
Income-tax (Fifth Amendment) Rules, 2023
The amendment provides that the net winnings from online games during the previous year shall be calculated for income tax.
Income tax exemption to financial businesses
The notification provides that any consideration received by certain financial businesses for issue of shares that exceeds the face value of such shares or the aggregate consideration received for such shares as exceeds the fair market value of the shares, shall be excluded while calculating Income from other sources chargeable to income-tax.
More crèches to be opened at places with high women workforce
More crèches should be opened at places with high women workforce. Anganwadis shall be further modernized with the help of technology.
