CAclubindia News

MCA amends Schedule III of Companies Act on disclosure norms in financial statements

11 August 2021 at 05:47

Ministry of Corporate Affairs vide notification dated 24.03.2021 has amended Schedule III to the Companies Act, 2013 effective from 01st April 2021 to mandate various disclosures by companies in their financial statements.

Posted in Corporate Law | 4593 Views

Schedule for Nov / Dec 2021 CA Foundation, Inter and Final Exams

10 August 2021 at 16:33

The Institute of Chartered Accountants of India has announced the schedule for Nov / Dec 21 CA Foundation, Inter and Final Exams, and the same will be conducted from 5th December 2021 to 20th December 2021.

Posted in Students | 1 comments | 26934 Views

Contribution of MSMEs to GDP

10 August 2021 at 05:52

The share of the MSME manufacturing in All India manufacturing gross value output during the year 2018-19 and 2019-20 were 36.9% and 36.9% respectively, while the share of export was 49.8% and 49.5% respectively.

Posted in Others | 1749 Views

Rs 99,756 crore disputed tax amount settled under Vivad Se Vishwas scheme

10 August 2021 at 05:49

The scheme 'Vivad Se Vishwas' is a voluntary scheme for resolving pending direct tax disputes amicably with the taxpayers and no targets were fixed by the Government under the Scheme.

Posted in Income Tax | 2214 Views

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 | 1542 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 | 1353 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 | 6561 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 | 4278 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 | 1989 Views