Corporate Compliance Calendar for the Month of February 2022

Corporate Compliance Calendar for the Month of February 2022

CS Lalit Rajput | Feb 12, 2022 |

Corporate Compliance Calendar for the Month of February 2022

Corporate Compliance Calendar for the Month of February 2022

ABOUT ARTICLE:

This article contains various Compliance requirements for the Month of February, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.

If you think compliance is expensive, try non‐ compliance”

Compliance Requirement Under

1. Income Tax Act, 1961

2. Goods & Services Tax Act, 2017 (GST) and Important Updates / Circulars

3. Companies Act, 2013 & LLP Compliance (MCA/ROC Compliance) and Notifications

4. Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications

5. Other Statutory Laws and Updates

6. SEBI (Listing Obligations & Disclosure Requirements) (LODR) Regulations, 2015

7. SEBI Takeover Regulations 2011

8. SEBI (Prohibition of Insider Trading) Regulations, 2015

9. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

10. SEBI (Buyback of Securities) Regulations, 2018

11. SEBI (Depositories and Participants) Regulations 2018) and Circulars

12. Insolvency and Bankruptcy Board of India (IBBI) Updates

13. Competition Commission of India

1. COMPLIANCE REQUIREMENT UNDER INCOME TAX ACT, 1961

Income Tax Due Date – Extensions

IMPORTANT NOTIFICATIONS – For the month of January – 2022:

Sl. Particulars of the Notification(s)File No. / Circular No.Link(s)
1Income Tax department detects anomalies in 2 Chinese mobile firmsTax News Click Here
2One-time relaxation for verification of all income tax-returns e-filed for the Assessment Year 2020-21 which are pending for verification and processing of such returns – reg.Circular No. 21 / 2021 Click Here
3The Income-tax (34th Amendment) Rules, 2021Notification No. 138/2021Click Here
4The Faceless Appeal Scheme, 2021.Notification No. 139/2021Click Here
5The Income-tax (35th Amendment) Rules, 2021Notification No. 140/2021Click Here
6Income Tax notification to give effect to the Faceless Appeal Scheme, 2021Notification No. 141/2021Click Here
7‘Regional Air Connectivity Fund Trust (PAN AADTR1130P),Notification No. 1/2022Click Here
8Searches conducted by Income Tax Department largely in Uttar Pradesh and MaharashtraPress Release ID: 1787764Click Here
9Evasion of Customs duty of Rs. 653 crore by M/s Xiaomi Technology India Private LimitedPress Release ID: 1787686Click Here
10Extension of timelines for filing of ITRs and various reports of audit for the Assessment Year 2021-22– regCircular No. 01/2022Click Here
11Central Government hereby notifies for the purposes of the said clause, ‘International Financial Services Centres Authority’Circular No. 03/2022Click Here
12Income tax (1st Amendment) , Rules, 2022.Circular No. 06/2022Click Here
13Income Tax Department conducts searches in KeralaPress Release ID 1788947Click Here
14Guidelines under clause (10D) section 10 of the Income-tax Act, 1961 – reg.Circular No. 02/2022Click Here
15CBDT notifies National Skill Development Corporation for exemption U/s. 10(46)Notification No. 10/2022Click Here
16The Securities Transaction Tax (1st Amendment), Rules, 2022Notification No. 09/2022Click Here
17The Income tax (2nd Amendment) Rules, 2022.Notification No. 08/2022Click Here
18The “e-advance rulings Scheme, 2022”.Notification No. 07/2022Click Here

2. COMPLIANCE REQUIREMENT UNDER GST, 2017

A. Filing of GSTR –3B

a) Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

b). Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)

c). Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)

To Read More Download PDF Given Below :

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Author Bio
My Recent Articles
UAE Tax Reforms: 9% corporate tax to be implemented from June 1, 2023 Corporate Compliance Calendar for the Month of February 2022 SEBI Notifies Process for Change in AMC Control Requiring NCLT Sanction RBI Framework for Facilitating Small Value Digital Payments in Offline Mode SEBI Circular on Issuance of Securities in Dematerialized Form in Case of Investor Service RequestsView All Posts