CAclubindia News

CBDT issues refunds to more than 13 lakh taxpayers between 1st April to 10th May, 2021

13 May 2021 at 05:29

Income tax refunds of Rs. 5,575 crore have been issued in 12,71,401 cases & corporate tax refunds of Rs. 11,486 crore have been issued in 29,592 cases.

Posted in Income Tax | 1554 Views

Cabinet approves MoU between ICAI and QFCA

12 May 2021 at 16:40

The MoU would enhance cooperation between the Institutes to work together to strengthen the Accounting profession and entrepreneurship base in Qatar.

Posted in Professional Resource | 2388 Views

CBDT extends deadline for updating UDINs in all IT forms till 30th June 2021

12 May 2021 at 16:33

The Central Board of Direct Taxes has given an extension for updating the Unique Document Identification Number generated from the ICAI portal in all the Income Tax Forms and Audit Reports uploaded at the e-filing portal, to 30th June 2021.

Posted in Income Tax | 14253 Views

CBDT clarifies that no directive issued to hospitals for disclosing cash they receive

11 May 2021 at 22:07

The news article published in Business Standard with the headline 'IT goes after hospitals over unaccounted cash' is unsubstantiated, clarifies Finance Ministry and CBDT.

Posted in Income Tax | 1 comments | 7818 Views

DGFT's COVID-19 Helpdesk coordinating and resolving International Trade related Issues

10 May 2021 at 22:16

'Covid-19 Helpdesk' of Directorate General of Foreign Trade (DGFT) in the Department of Commerce has from 26.04.2021 onwards started collecting information on the difficulties being faced by exporting community

Posted in Others | 1176 Views

Centre undertakes multiple initiatives to enhance Oxygen availability, distribution and storage infrastructure

10 May 2021 at 22:10

The steps undertaken focused on the entire oxygen supply chain. These include efforts for improving oxygen production, enhancing tanker availability to optimize logistics, improving oxygen storage at the last mile, and easing norms of procurement.

Posted in Others | 1437 Views

FAQ on Accounting for amounts to be incurred towards CSR pursuant to the Companies (CSR Policy) Amendment Rules, 2021

10 May 2021 at 22:02

This FAQ has been issued by the Accounting Standards Board of ICAI on Accounting for amounts to be incurred towards Corporate Social Responsibility (CSR) pursuant to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021.

Posted in Corporate Law | 5799 Views

FM mentions that it is factually incorrect to state that there has been no expenditure on COVID 19 vaccination by the centre

10 May 2021 at 15:35

The amount of Rs. 35,000 crore has been shown under the Demand for Grants No. 40, titled ‘Transfers to States’. The use of the Demand titled ‘Transfers to States’ in no way implies that expenditure cannot be incurred by the Centre.

Posted in Others | 1056 Views

Request for extension of dates for GST & Income Tax Compliances till 31st August 2021 by CAIT

10 May 2021 at 15:27

CAIT, on 7th May 2021, sent a letter to FM Nirmala Sitharaman demanding an extension of dates for GST & Income Tax compliances till 31st August & a six month moratorium on payment of Bank EMI, interest and loans etc.

Posted in GST | 2 comments | 11661 Views

FM Nirmala Sitharaman's reply to Mamata Banerjee's request for exemption of GST/Customs Duty amid COVID-19

10 May 2021 at 05:35

FM Nirmala Sitharaman responded to Smt. Mamata Banerjee's letter seeking exemption from GST/Customs duty and other duties and taxes on some items and COVID related drugs via 15 tweets.

Posted in GST | 3 comments | 15027 Views