CAclubindia News

ITR Refunds are directly credited to the bank account of taxpayers, states FM

28 July 2021 at 06:26

As per the answer to Question no. 81 in the Rajya Sabha by FM on 27.07.2021, "Refunds are directly credited to the bank account of taxpayers making the end-to-end process from filing of ITR till receipt of refund seamless & fully electronic."

Posted in Income Tax | 6672 Views

Active customers doubled on digital channels from 3.4 crore in FY 2019-20 to 7.6 crore in FY 2020-21

28 July 2021 at 06:21

Financial transactions undertaken through home and mobile channels increased from 29% in FY 2018-19 to 76% in FY 2020-21. Nearly 72% of financial transactions of PSBs done through digital channels.

Posted in Others | 975 Views

ICMAI extends the last date for registration to the CMA Course for December 2021 Exams

27 July 2021 at 21:53

ICMAI has extended the last date for registration/admission/enrolment to the CMA Foundation, Intermediate and Final Course to 10th August 2021 for the December 2021 term of examinations.

Posted in Students | 2277 Views

Direct tax collection doubled for first quarter of current fiscal

27 July 2021 at 20:39

Shri Pankaj Chaudhary stated that the net direct tax collection in the 1st quarter of FY 2021-2022 is Rs. 2,46,519.82 crore as against Rs. 1,17,783.87 crore during the same period of previous FY 2020-21.

Posted in Income Tax | 1464 Views

Rs 24,356 crore of unclaimed deposit lying with SCBs as on 31st Dec 20

27 July 2021 at 20:29

As per information received from the Reserve Bank of India, the total amount of unclaimed deposits of Scheduled Commercial Banks was Rs. 24,356 crore, as on 31.12.2020. Unclaimed deposits have increased by Rs. 5,977 crore in the year 2020.

Posted in Others | 2826 Views

320 foreign companies registered in India between 2018 and 2021

27 July 2021 at 20:21

A total of 320 foreign companies registered in the country during the last three years. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha.

Posted in Others | 1200 Views

Government identified 2,38,223 companies as shell companies between 2018-2021

27 July 2021 at 20:15

Shri Rao Inderjit Singh further stated that the Special Task Force set up by the Government to look into the issue of "Shell Companies" has inter-alia recommended the use of certain red flag indicators as alerts for identification of Shell Companies.

Posted in Corporate Law | 3018 Views

GSTN | New functionality on Annual Aggregate Turnover deployed on GST Portal for taxpayers

27 July 2021 at 20:05

The taxpayers can now see the exact Annual Aggregate Turnover for the previous FY, instead of just the two slabs of Above or Upto Rs. 5 Cr. Taxpayers can also see the AATO of the current FY based on the returns filed to date.

Posted in GST | 8514 Views

Financial assistance towards MSMEs

27 July 2021 at 06:33

In view of the challenges faced by taxpayers due to the outbreak of COVID-19, the Government of India has taken several taxation related measures for MSMEs. Financial Assistance has also been provided to MSMEs.

Posted in Corporate Law | 5166 Views

ICAI releases the 12th edition of the Code of Ethics for its Members

27 July 2021 at 06:31

ICAI has released the 12th Edition of the Code of Ethics for its members. The revised edition of the code has come into effect from 1st July 2021. Download links of the three volumes of the Code has been given in this news piece.

Posted in Professional Resource | 2499 Views