CAclubindia News

CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment

11 September 2021 at 05:44

In order to facilitate the strategic disinvestment, it has been decided that Section 79 of the Income-tax Act, 1961, shall not apply to an erstwhile public sector company which has become so as a result of strategic disinvestment.

Posted in Income Tax | 1545 Views

July 2021 CA Final and Foundation Results to be Declared on 13th September

10 September 2021 at 21:36

The results of the Chartered Accountants Final Examination (Old Course & New Course) and Foundation Examination held in July 2021 are likely to be declared on Monday, 13th September 2021 (evening) / Tuesday, 14th September 2021.

Posted in Students | 2 comments | 8001 Views

Finance Ministry releases Rs 9,871 cr to 17 states as revenue deficit grant

10 September 2021 at 05:47

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 1,18,452 crore to 17 States in the financial year 2021-22. Out of this, an amount of Rs. 59,226.00 crore (50%) has been released so far.

Posted in Others | 1563 Views

CBDT extends the due date for filing of Income Tax Returns and Various Reports of Audit for AY 2021-22

09 September 2021 at 19:58

The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st October 2021 is hereby further extended to 15th February 2022; and whose due date is 30th November 2021 is further extended to 28th February 2022.

Posted in Income Tax | 2 comments | 42912 Views

ICSI clarifies that submission of Exam Enrollment request for Dec 2021 will commence after June 2021 exam declaration

09 September 2021 at 05:50

Submission of Exam Enrollment request for December 2021 Session will commence only after declaration of Result of June 2021 Exam Session. The Enrollment process will be active at least 15 days from the date of announcement of the June 2021 Exam Result.

Posted in Students | 1440 Views

e-Filing portal of the Income Tax Department - Updates

09 September 2021 at 05:46

It is encouraging to note that over 94.88 lakh ITRs have also been e-verified, which is necessary for processing by the Centralized Processing Center. Of this, 7.07 lakh ITRs have been processed.

Posted in Income Tax | 19 comments | 17616 Views

Cabinet approves MoU between ICAI and CAAR

08 September 2021 at 19:55

This MoU will lead to focus attention towards the exchange of knowledge and strengthen best practices in both jurisdictions including the application of new innovative methods and technologies in the field of accountancy.

Posted in Professional Resource | 1992 Views

Students converted from earlier scheme to revised scheme from July 21 to August 20, 2021 allowed to appear in Old/New scheme in Nov 21 CA Exams

08 September 2021 at 11:52

ICAI has announced that students who have converted from earlier scheme to revised scheme from July 21, 2021, to August 20, 2021, are allowed to appear in the Old/New scheme Inter and Final (Old/New) in November 2021 examinations.

Posted in Students | 5 comments | 4782 Views

CBDT amends IT Rules, 1962 to ease authentication of electronic records submitted in faceless assessment proceedings

08 September 2021 at 05:49

Persons who are mandatorily required to authenticate electronic records by digital signature shall be deemed to have authenticated the electronic records when they submit the record through their registered account in the Income-tax Department's portal.

Posted in Income Tax | 4863 Views

CBDT allows taxpayers an opportunity to file application for settlement

08 September 2021 at 05:49

In order to provide relief to the taxpayers who were eligible to file applications as on 31.01.2021, but could not file the same, it has been decided that applications for settlement can be filed by the taxpayers by 30th September 2021.

Posted in Income Tax | 5592 Views