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GoI releases Rs 40,000 crore to States/ UTs with Legislature in-lieu of GST compensation shortfall
08 October 2021 at 06:21This release of Rs 40,000 crore is funded from borrowings of GoI in 5-year securities, totalling Rs 23,500 crores and 2-year securities for Rs 16,500 crore issued in the current FY, at a Weighted Average Yield of 5.69 and 4.16% p.a. respectively.
ICAI re-opens the online filling up of examination application forms for December 2021 CA Exams
08 October 2021 at 06:20ICAI has decided to re-open the online filling up of examination application forms for December 2021 CA Exams. These will be re-opened for two days, starting from 11th October 2021 (12:01 AM) till 12th October 2021 (11:59 PM).
CBDT issues refunds to more than 53.54 lakh taxpayers from 1st April to 4th October, 2021
06 October 2021 at 20:10Income tax refunds of Rs. 20,510 crore have been issued in 51,88,762 cases &corporate tax refunds of Rs. 61,719 crore have been issued in 1,65,397 cases. This includes 24.73 lakh refunds of AY 2021-22 amounting to Rs. 1903.05 crore.
Post-implementation Review of IFRS 9-Classification and Measurement
06 October 2021 at 05:44ICAI has opened the Request for Information: Post-implementation Review of IFRS 9 - Classification and Measurement for comments. Comments on the same may be sent to ICAI electronically, or via email or post by 10th December 2021.
Seychelles' Tax Inspectors Without Borders (TIWB) programme launched in partnership with India
05 October 2021 at 05:50Tax Inspectors Without Borders, a joint initiative of the United Nations Development Programme and the Organisation for Economic Cooperation and Development, launched its programme in Seychelles on 4th October 2021.
Resumption of Blocking of E-Way Bill (EWB) generation facility
05 October 2021 at 05:48The blocking of EWB generation facility has now resumed on the EWB portal for all the taxpayers. Going forward, from the tax period August 2021 onwards, the System will periodically check the status of returns filed in Form GSTR-3B.
Government takes note of the data trove in the Pandora Papers leak
05 October 2021 at 05:48On 3rd October 2021, the International Consortium of International Journalists (ICIJ) has come out with what is claimed to be a 2.94 terabyte data trove that exposes the offshore secrets of wealthy elites from more than 200 countries and territories.
Rescheduled Intermediate and Final Schedule for Merged December 2021 CMA Exams
04 October 2021 at 05:45Application Forms for CMA Intermediate and Final Examination has to be filled up online only and fees will be accepted through online mode only (including Payfee Module of IDBI Bank).
Shri Piyush Goyal calls CA fraternity to work on Mission Mode for creating standards in transparency
04 October 2021 at 05:44The Commerce Minister said $5 trillion economy is a bold ambition & every Indian has to contribute in making it possible and make it a mass movement. He further adds - "CAs will play a pivotal role in Catalyzing Reform & Creating Value".
CBDT notifies Rules for implementing the amendments made by the Taxation Laws(Amendment) Act, 2021
02 October 2021 at 15:41No tax demand shall be raised in future on the basis of the amendment to section 9 of the Income-tax Act made vide Finance Act, 2012 for any offshore indirect transfer of Indian assets if the transaction was undertaken before 28th May 2012.
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