1. UDIN Updation has been enabled for Form 3CB-3CD on Income Tax Portal.  The Last Date to Update UDIN is April 30, 2022.  2. Sebi announced formation of two working groups to review the role and eligibility of a sponsor of a mutual fund. The first group will look at an alternative set […]

1. CBDT notified the procedure of inaction of PAN via a notification dated March 29, 2022, as well as a press release on March 30, 2022. The Finance Act of 2021 added a new section 234H to the Act to complete the PAN-Aadhaar connecting procedure for detecting fake PANs.  2. […]

1. Those taxpayers who link their PAN with biometric Aadhaar by June 30, 2022, would be required to pay late fees of Rs500. Beyond that, the penalty would rise to Rs1,000. In order to mitigate the inconvenience to taxpayers, as per notification dated March 29, 2022, a window of opportunity has been provided […]