CAclubindia News

CBDT notifies changes in Rule 8AA with regard to amount chargeable to Income Tax under the head

03 July 2021 at 06:28

CBDT has released the Income Tax Amendment (18th Amendment), Rules, 2021 under which, changes have been notified in Rule 8AA with regard to the amount chargeable to Income Tax under the head "Capital Gains" and a new Rule 8AB has been inserted.

Posted in Income Tax | 8607 Views

Government announces inclusion of Retail and Wholesale trades as MSMEs

02 July 2021 at 17:35

Shri Nitin Gadkari said - Retail and wholesale trade were left out of the ambit of MSME, now under the revised guidelines, retail and wholesale trade will also get benefit of priority sector lending under RBI guidelines.

Posted in Corporate Law | 1 comments | 9336 Views

ICMAI provides Relaxations in the Cost and Works Accountants Regulations, 1959

02 July 2021 at 17:26

Relaxations in the Cost and Works Accountants Regulations, 1959 on matters relating to Regional Councils of the Institute for the year 2021 on account of acute pandemic situation arising out of outbreak of COVID-19.

Posted in Corporate Law | 1512 Views

ICAI further extends last date for Waiving-off Condonation Fees to 31st July, 2021 amidst COVID-19 Pandemic

02 July 2021 at 13:04

ICAI has further extended the last date for Waiving-off Condonation Fees due to late filing of various application forms related to Students and Articled Assistants, amidst COVID-19 Pandemic from 30th June 2021 to 31st July 2021.

Posted in Students | 1980 Views

Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021

01 July 2021 at 22:09

MCA on June 21, 2021, has issued the Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021. Under the new Rules, Rule 3(7)(a) and Rule 3(8) stand amended.

Posted in Corporate Law | 1575 Views

Companies (Meetings of Board and its Powers) Amendment Rules, 2021

01 July 2021 at 21:58

Under the new Rules, Rule 4 has been omitted. Accordingly, this deletes the provision related to the restriction of conducting Board Meeting through Video Conferencing/Other Audio-Visual Means for selected agenda items.

Posted in Corporate Law | 1860 Views

FM Nirmala Sitharaman says enhanced revenue collection in recent months should now be the “New Normal”

01 July 2021 at 21:06

FM was happy to note the tax collections which crossed Rs. 1 lakh crore for eight months in a row with a record GST collection of Rs. 1.41 lakh crore in April. The enhanced revenue collection in recent months should now be the new normal, She added.

Posted in GST | 1 comments | 1440 Views

Shri Piyush Goyal calls upon the Chartered Accountants of the country to think big and scale up

01 July 2021 at 21:01

Lauding the profession of CAs, Shri Goyal said that it is great to see a profession which is recognized & respected. There is a yearning for people to be Chartered Accountants.

Posted in Professional Resource | 1905 Views

CA Exams 2021: ICAI modifies Opt Out Criteria after Supreme Court's Order

01 July 2021 at 20:56

Any candidate who personally or whose family member has been affected by COVID-19 and as a result of which, the candidate is unable to appear for the exams, can avail the Opt Out facility. In this case, no RT-PCR Report shall be required.

Posted in Students | 12996 Views

CBIC further extends the date of applicability of Dynamic QR Code

01 July 2021 at 19:05

The amount of penalty payable by any registered person under section 125 of the CGST Act for non-compliance of the provision stands waived for the period between 1st December 2020 to 30th September 2021.

Posted in GST | 2109 Views