CAclubindia News


DGGI Gurugram arrests 3 for fraudulently claiming input tax credit of Rs 12.90 crores

   02 January 2021 at 14:54

DGGI, North Zone, Gurugram has arrested three persons, namely Shri Alok Bhargava and his sons Shri Akul and Shri Atin Bhargava, owners of M/s Delhi Foils, M/s Abinox Industries, and M/s Matalax Industries, Wazirpur, New Delhi.

Posted in GST |   5406 Views


IT Department conducts searches in Kolkata resulting in unearthing of incriminating evidences

   02 January 2021 at 14:54

The Income Tax Department carried out search and seizure action on two Kolkata based Groups engaged in manufacturing & trading of Steel, trading of marbles & stones, food grains, etc.

Posted in Income Tax |   1440 Views


Taxpayers wrongly charged with late fee u/s 234F inspite of extension announcement

   02 January 2021 at 12:35

It has been communicated by various taxpayers and professionals that the Income Tax Portal is charging a late fee u/s 234F in spite of the extension announcement dated 31st December 2020.

Posted in Taxpayers  1 comments |   4119 Views


Income Tax - E-Calendar 2021

   02 January 2021 at 12:35

The Income Tax Department has released the E-Calendar 2021 for Income Tax. This calendar showcases a glimpse of India's growth, through the lens of taxation.

Posted in Income Tax |   7101 Views


MCA allows companies to conduct their EGMs through VC or OAVM or transact items through postal ballot up to 30th June 2021

   02 January 2021 at 12:35

MCA has decided to allow companies to conduct their EGMs through VC or OAVM or transact items through the postal ballot in accordance with the framework provided in the circular up to 30th June 2021.

Posted in Corporate Law |   1608 Views


Reserve Bank of India introduces the RBI-Digital Payments Index

   02 January 2021 at 12:35

The Reserve Bank of India has constructed a composite Digital Payments Index (DPI) to capture the extent of digitization of payments across the country.

Posted in Others |   1782 Views


MCA clarifies that there is no change in the additional fee logic of eForm MGT-7 and AoC-4/AOC-4 XBRL/AOC-4 CFS/AOC-4 NBFC for the FY 2019-20 w.e.f 01 January 2021

   02 January 2021 at 11:02

MCA has clarified that there will be no change in the additional fee logic eForms, since the extension was provided to all the companies for conducting AGM and not for filing the form.

Posted in Corporate Law |   2685 Views


MCA makes optional the Field 'SRN of the application filed for extension' (GNL-1) in eForm MGT-7 for FY 2019-20 w.e.f 01 January 2021

   02 January 2021 at 11:02

The Ministry of Corporate Affairs has made the Field 'SRN of the application filed for extension' (GNL-1) in eForm MGT-7 optional for FY 2019-20 w.e.f. 1st January 2021 due to blanket extension provided for all companies to conduct AGM.

Posted in Corporate Law |   1647 Views


MCA starts the process of deactivating the non-compliant DINs, who have not filed DIR-3 KYC for FY 2019-20 up to 31.12.2020

   02 January 2021 at 11:01

MCA has clarified that the last date for filing DIR-3 KYC for the Financial Year 2019-20 has expired on 31st December 2020. Consequently, the process of deactivating the non-compliant DINs is in progress and will be completed shortly.

Posted in Corporate Law |   1527 Views


Last date extended till 5th January, 2021 to apply for 14th ICAI Awards being organised by Committee for Members in Industry & Business

   02 January 2021 at 11:01

The Institute of Chartered Accountants of India has extended the last date for applying to the 14th ICAI Awards to 5th January 2021. To apply for the same, click on continue reading.

Posted in Professional Resource |   1692 Views



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