CAclubindia News

ICAI President's Message - March 2021

05 March 2021 at 05:24

ICAI President CA. Nihar N. Jambusaria delivers his message for the month of March 2021 and his plans for the year ahead.

Posted in Professional Resource | 6558 Views

EPFO Board recommends 8.50% interest rate for the FY 2020-21

04 March 2021 at 20:27

The Central Board recommended 8.50% annual rate of interest to be credited on EPF accumulations in members' accounts for the financial year 2020-21.

Posted in Corporate Law | 1 comments | 2172 Views

CBIC releases updated rate of exchange of conversion w.e.f 5th March, 2021

04 March 2021 at 17:18

CBIC determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 5th March, 2021

Posted in Custom | 2049 Views

Case Study Digest at CA Final Level released by ICAI

04 March 2021 at 12:58

The Board of Studies, in its endeavour to assist students in attempting a case study based paper, has come out with a Case Study Digest in each of the six elective papers [Paper 6A to 6F] at the Final level.

Posted in Students | 8943 Views

Upcoming changes in Table-12 format of GSTR-1 Return

04 March 2021 at 11:12

CBIC, via their official Twitter handle, have made the taxpayers aware of the upcoming changes in Table 12 of GSTR-1 Return. These include changes w.r.t the format and number of digits of HSN Code.

Posted in GST | 20178 Views

CBDT issues clarification in respect of Residency under the IT Act, 1961

03 March 2021 at 22:48

Vide Circular No.2 of 2021, it has been provided that if any individual is facing double taxation even after taking into account the relief provided by the relevant DTAA, he/she may furnish the specified information by 31st March, 2021.

Posted in Income Tax | 12906 Views

Technical Cell of ICMAI releases Guidance Note on Local Content

03 March 2021 at 21:18

ICMAI has developed this Guidance Note to help the members in assessing the facts and circumstances involved in providing certification for local/indigenous content in the manufacturing/production of goods & services.

Posted in Others | 1677 Views

CBDT issues refunds of over Rs. 1,98,106 crore between 1st April, 2020 to 28th February, 2021

03 March 2021 at 20:21

Income tax refunds of Rs. 70,572 crore have been issued in 1,92,45,556 cases & corporate tax refunds of Rs. 1,27,534 crore have been issued in 2,19,050 cases.

Posted in Income Tax | 1161 Views

IT Department conducts raid at the properties of film director Anurag Kashyap and actor Taapsee Pannu

03 March 2021 at 14:19

The Income Tax Department today carried out raids at the properties of film director Anurag Kashyap, actor Taapsee Pannu and filmmaker Vikas Bahl.

Posted in Income Tax | 18927 Views

Cross border payments for use of software not taxable as royalty

03 March 2021 at 12:13

The Supreme Court on 2nd March 2021 held that Indian Companies need not deduct tax for the amount they pay foreign manufacturers and suppliers for use or re-sale of computer software through end-user license agreements (EULA).

Posted in Income Tax | 2673 Views