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ICAI releases the Exposure Draft of Revised Accounting Standards for Public Comments
13 May 2021 at 05:43The Institute of Chartered Accountants of India has released the Exposure Draft of Revised AS 12 - Income Taxes for comments, with the last date being June 10, 2021. Comments may be submitted on the Exposure Draft electronically, or via email or post.
1.5 Lakh units of Oxycare Systems to be procured through PM CARES
13 May 2021 at 05:40PM-CARES Fund to procure 1,50,000 units of Oxycare System at a cost of Rs 322.5 Crore. It is a comprehensive system developed by DRDO to regulate oxygen being administrated to patients based on the sensed values of their SpO2 levels.
ESIC extends the date for filing of ESI contribution for the month of April 2021
13 May 2021 at 05:32The employers covered under ESI Scheme can now file and pay ESI Contribution for the month of April 2021 up to 15th June 2021 instead of 15th May 2021.
CBDT issues refunds to more than 13 lakh taxpayers between 1st April to 10th May, 2021
13 May 2021 at 05:29Income 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.
Cabinet approves MoU between ICAI and QFCA
12 May 2021 at 16:40The MoU would enhance cooperation between the Institutes to work together to strengthen the Accounting profession and entrepreneurship base in Qatar.
CBDT extends deadline for updating UDINs in all IT forms till 30th June 2021
12 May 2021 at 16:33The 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.
CBDT clarifies that no directive issued to hospitals for disclosing cash they receive
11 May 2021 at 22:07The news article published in Business Standard with the headline 'IT goes after hospitals over unaccounted cash' is unsubstantiated, clarifies Finance Ministry and CBDT.
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
Centre undertakes multiple initiatives to enhance Oxygen availability, distribution and storage infrastructure
10 May 2021 at 22:10The 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.
FAQ on Accounting for amounts to be incurred towards CSR pursuant to the Companies (CSR Policy) Amendment Rules, 2021
10 May 2021 at 22:02This 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.
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