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Thursday, July 7, 2022

UPDATES BY NICAI

 



1. Income tax due date to deposit TDS (tax deducted at source) for the month of June 2022 is 7th July 2022.

2. Benefit of deduction under section 54 could not be allowed when property had been purchased by assessee in the name of her married daughter. [Mrs. Bhaskari Madhavan v. ITO (2022) 139 taxmann.com 486 (ITAT Chennai)].

3. GST due date for filing of GSTR1 (return of outward supply) for the month of June 2022 is 11th July 2022.

4. Directorate General of Foreign Trade (DGFT) has extended the last date of submission of online application under Merchandise Exports from India Scheme (MEIS) for exports made during the period 1 September 2020 to 31 December 2020 till 31st August 2022.

5. Compendium of Ind  AS  is a  comprehensive up-to-date version  encompassing  all  the  rounds  of amendments issued by MCA till date that are effective as of 1st April, 2022.Ind AS and related Guidance Material can be accessed at  

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