CAclubindia News

Finance Act 2021 hasn't brought in any additional tax on Indian workers in Saudi/UAE/Oman/Qatar, clarifies FM

06 April 2021 at 05:21

The Finance Act, 2021 hasn't brought in any additional or new tax on hardworking Indian workers in Saudi/UAE/Oman/Qatar. It has merely incorporated general definition of the term "liable to tax" in the Income Tax Act to provide clarity.

Posted in Others | 1416 Views

CBIC notifies rules for Verification of Identity via Customs (Verification of Identity and Compliance) Regulations, 2021

06 April 2021 at 05:14

CBIC has notified certain rules for Verification of Identity. The outcome of the verification of identity shall be captured in the Customs Automated System and informed to the person verified.

Posted in Custom | 1794 Views

ICAI | Provisions related to Audit Trail to come into effect from 1st April 2022

06 April 2021 at 05:10

MCA has made amendments in the provision related to Audit Trail and made them effective for FY commencing on or after 01st April 2022, on request made by the Institute of Chartered Accountants of India.

Posted in Students | 6660 Views

Government measures increase FDI inflows in the country

05 April 2021 at 19:45

India Attracts a total FDI inflow of US$ 72.12 billion from April 2020 to January 2021. Computer Software & Hardware emerged as the top sector with 45.81% of total FDI Equity inflow.

Posted in Others | 1410 Views

ICAI announces registration for Online Home-Based Practical Training Assessment

05 April 2021 at 17:40

The next practical training assessment is being conducted online on April 24, 25 and May 1, 2, 2021. The students who have completed their 1st/ 2nd year of practical training during October 1, 2019 – March 31, 2021, are eligible to appear in this test.

Posted in Students | 9633 Views

ITR-1 and ITR-4 forms for AY 2021-22 | Offline Utility Guide

05 April 2021 at 05:17

Steps to Download and install Offline Utility and fill the forms ITR-1 & ITR-4 for the AY 2021-22 have been listed in this news piece.

Posted in Income Tax | 11748 Views

More than Rs. 25,586 crore sanctioned under Stand Up India Scheme to over 1,14,322 accounts

04 April 2021 at 10:22

The objective of Stand-Up India is to promote entrepreneurship amongst women, SC, & ST categories, to help them in starting a greenfield enterprise in the trading, manufacturing and services sector, by both ready and trainee borrowers.

Posted in Others | 1320 Views

CBDT releases JSON utility for forms ITR-1 and ITR-4 for AY 2021-22

03 April 2021 at 22:07

CBDT releases the new ITR 1 and ITR 4 forms for the AY 2021-22 in the JSON utility. Instructions for the usage of these offline utilities have been listed here...

Posted in Income Tax | 6618 Views

ICMAI | CASB releases advisory on the Treatment of Various Items of Cost in light of the COVID 19 Pandemic

02 April 2021 at 19:32

Advisory on the Treatment of various items of Cost in light of Covid-19 pandemic & their Presentation / Disclosures in form CRA 3 of The Companies (Cost Records & Audit) Rules 2014 relating to the Accounting Period ending March 31, 2021.

Posted in Professional Resource | 1965 Views

Ministry of Finance releases grant of Rs. 4,608 crore for Local Bodies on 31st March 2021

02 April 2021 at 14:31

The grants are both for the Rural Local Bodies and Urban Local Bodies. Out of this, RLBs will get Rs. 2,660 crore and ULBs will get Rs. 1,948 crore. The grants have been released as per the recommendations of the 15th Finance Commission.

Posted in Others | 1 comments | 1341 Views