CAclubindia News

Union Budget 2021 - Tax audit limit increased to Rs 10 crore for business not exceeding 5% cash transaction

01 February 2021 at 13:37

In order to incentivise non-cash transactions, promote digital economy and to further reduce the compliance burden of small and medium enterprises, it is proposed to increase the threshold from five crore rupees to ten crore rupees in some cases.

Posted in Union Budget | 16911 Views

Budget 2021 | Direct Tax Proposals

01 February 2021 at 13:33

The Union Budget 2021 was presented in the parliament by FM Smt. Nirmala Sitharaman. Discussing the Direct Tax Proposals made in the Budget.

Posted in Union Budget | 3768 Views

CBDT extends the date for filing of declarations under the Vivad se Vishwas scheme to 28th Feb 21

01 February 2021 at 12:13

The Central Board of Direct Taxes has extended the last date for filing declarations under the Vivad se Vishwas Act, 2020 to 28th February 2021.

Posted in Income Tax | 2298 Views

Cabinet meeting over Budget at 10:15 AM

01 February 2021 at 10:02

FM Nirmala Sitharaman meets President Ram Nath Kovind ahead of Budget 2021 presentation. Cabinet meeting over Budget to take place at 10:15 AM.

Posted in Union Budget | 3534 Views

ICAI extends Condonation Scheme to regularize UDINs to 28th February 2021

31 January 2021 at 23:52

It is being informed to the members that all the missed UDINs between the period 1st February 2019 to 31st January 2021 can now be generated up to 28th February 2021 and this be taken as an extension of the Condonation Scheme announced previously.

Posted in Income Tax | 9918 Views

GST Revenue collection for January 2021 almost touches Rs.1.20 lakh crore

31 January 2021 at 23:49

The GST revenues during January 2021 are the highest since the introduction of GST and has almost touched the Rs. 1.2 lakh crore mark, exceeding the last month’s record collection of Rs. 1.15 lakh crore.

Posted in GST | 1 comments | 1407 Views

Clarification on matters related to Scheme for condonation of delay

31 January 2021 at 08:08

Clarification on matters related to Scheme for condonation of delay for companies restored on the Register of Companies between 01 December, 2020 and 31 December 2020, under section 252 of the Companies Act, 2013

Posted in Corporate Law | 2904 Views

Extension of filing of e-form AOC-4, AOC-4 (CFS), AOC-4 XBRL and AOC-4 Non XBRL for the FY 2019-20 upto 15th Feb 21

31 January 2021 at 08:08

Ministry of Corporate Affairs have extended the due date for filing e-form AOC-4, AOC-4 (CFS), AOC-4 XBRL and AOC-4 Non XBRL for the Financial Year ended 31.03.2020 upto 15th February 2021.

Posted in Corporate Law | 4011 Views