CAclubindia News

Digital payments surge from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21

10 August 2021 at 05:46

On the digital payment ecosystem, Shri Pankaj Chaudhary stated that the total volumes of digital payments increased from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21 due to sustained efforts towards digitalisation.

Posted in Others | 1533 Views

ICAI issues Exposure Draft of Subsidiaries without Public Accountability: Disclosures

10 August 2021 at 05:45

ICAI has issued an Exposure Draft that sets out the proposal of the IASB for a new IFRS Standard - Subsidiaries without Public Accountability: Disclosures. Comments on the ED may be sent electronically or via email or post by 15.12.2021.

Posted in Others | 1350 Views

IT Department creates dedicated e-mail ids for registering grievances under the Faceless Scheme

09 August 2021 at 05:54

In a move aimed to further improve taxpayer services in alignment with the Taxpayers’ Charter, the Income Tax Department creates dedicated e-mail ids for registering grievances in respect of pending cases under the Faceless Scheme.

Posted in Income Tax | 1 comments | 6555 Views

CBDT issues refunds to more than 21.32 lakh taxpayers between 1st April to 2nd August, 2021

08 August 2021 at 18:54

Income tax refunds of Rs. 13,694 crore have been issued in 20,12,802 cases & corporate tax refunds of Rs. 32,203 crore have been issued in 1,19,173 cases.

Posted in Income Tax | 1515 Views

ICAI | Relaxation for provisionally registered students through Direct Entry Route to appear in CA Intermediate May 22 Exams

08 August 2021 at 10:37

Students who have provisionally registered for CA Inter through Direct Entry route and have completed their ICITSS Course by 31.07.21 are now required to start their Practical Training on or before 15th August 2021 instead of by 1st August 2021.

Posted in Students | 4275 Views

ICAI announces extension of time period for admission in CA Foundation Course

08 August 2021 at 10:26

ICAI has extended the time period for admission in Foundation Course for appearing in December 2021 exam. As such, students can now provisionally register in the course by 16.08.21 and may send their Class XII marksheet by 10.09.21.

Posted in Students | 1983 Views

GDP growth projection for FY 2021-22 retained at 9.5%

07 August 2021 at 06:23

Repo rate remains unchanged at 4%; GDP growth projection for FY 2021-22 retained at 9.5%. CPI Inflation is expected at 5.7% for FY 2021-22 while Consumption, Investment, and External demand are on the path of regaining traction.

Posted in Others | 1938 Views

Lok Sabha passes Bill to settle retrospective taxation - Taxation Laws (Amendment) Bill, 2021

06 August 2021 at 18:08

This bill is likely to settle disputes with Cairn Energy Plc, Vodafone Group Plc, and 15 other companies over retrospective tax demands raised by the Union Government.

Posted in Income Tax | 11442 Views

MCA | Companies (Registration of Foreign Companies) Amendment Rules, 2021

06 August 2021 at 17:16

The MCA has notified a new set of Rules to amend the existing Companies (Registration of Foreign Companies) Rules, 2014 which shall come into force on the date of its publication in the Official Gazette (not yet published).

Posted in Corporate Law | 2433 Views

MCA | Companies (Specification of Definitions Details) Third Amendment Rules, 2021

06 August 2021 at 17:11

The MCA has notified a new set of Rules to amend the existing Companies (Specification of Definitions Details) Rules, 2014 which shall come into force on the date of its publication in the Official Gazette (not yet published).

Posted in Corporate Law | 1905 Views