CAclubindia News

Government's Borrowing Plan for Second Half (H2) of FY 2021-22

28 September 2021 at 05:44

The Government plans to borrow ₹5.03 lakh crore in H2 of FY 2021-22. The H2 FY 2021-22 projection also factors requirements for release of balance amount to states on account of back-to-back loan facility in-lieu of GST compensation during the year.

Posted in Community & General | 1365 Views

India needs 4 -5 more banks like SBI to meet changing requirements of the Indian Economy: Nirmala Sitharaman

27 September 2021 at 05:54

The Finance Minister reminded bankers of the need to adapt in line with fast changes in technology. "What we think is latest today will be outdated in a year or so, we have to thus acquire resources to constantly update ourselves."

Posted in Community & General | 1680 Views

ICMAI cancels CMA June 2021 Exams and merges with Dec 2021 Exams

26 September 2021 at 16:48

The Intermediate and Final Examination of Institute scheduled from 21st to 28th October 2021 stands postponed and the June 2021 Examination stands merged with the Intermediate and Final Examination for December 2021 session.

Posted in Students | 5490 Views

Ministry of Finance approved capital expenditure projects of Rs. 2,903.80 crore in 8 States

25 September 2021 at 21:11

The Department of Expenditure, Ministry of Finance, has approved capital projects of Rs. 2,903.80 crore in 8 States under the scheme entitled ‘Special Assistance to States for Capital Expenditure for 2021-22’.

Posted in Community & General | 1203 Views

10 Important Changes in CGST Rules via CGST (Eighth Amendment Rules), 2021

25 September 2021 at 17:47

The CBIC has notified a new set of rules to amend the existing CGST Rules, 2017, which shall come into force as on the date of its publication in the Official Gazette (except provided otherwise).

Posted in GST | 10125 Views

Gross Direct Tax collections for the FY 2021-22 register a growth of 47%

24 September 2021 at 19:35

The Net Direct Tax collection of Rs. 5,70,568 crore (as on 22.09.2021) include Corporation Tax (CIT) at Rs. 3,02,975 crore (net of refund) and Personal Income Tax (PIT) including Security Transaction Tax(STT) at Rs. 2,67,593 crore (net of refund).

Posted in Income Tax | 2328 Views

Guidelines for Mandatory Training for all Members of ICMAI

24 September 2021 at 06:05

The objective of Continuing Education Programme is to assist the members in widening their knowledge base and in improving their skills to be at the cutting edge of technology by providing training and expertise in critical areas.

Posted in Professional Resource | 2670 Views

[FAKE] Proposal to stop the pension of Central Govt pensioners after the age of 70-75 years is under consideration

24 September 2021 at 06:00

Bartaman Patrika & babushahi.com have falsely reported that a proposal to stop the pension of Central Govt pensioners after the age of 70-75 years, is under consideration.

Posted in Corporate Law | 1836 Views

Extension of Time Limit for Holding AGM for FY 2020-21

24 September 2021 at 05:55

The extension granted under this order shall not cover the applications filed in form GNL-1 for the extension of AGM for the financial year ended on 31/03/2021, where the extension approved was for a period of more than two months.

Posted in Corporate Law | 3516 Views

CBDT issues refunds to more than 45.25 lakh taxpayers from 1st April to 20th September 2021

23 September 2021 at 05:55

Income tax refunds of Rs. 18,873 crore have been issued in 43,68,741cases &corporate tax refunds of Rs. 55,285 crore have been issued in 1,55,920 cases.

Posted in Income Tax | 1734 Views