CAclubindia News


New Functionalities made available for Taxpayers on GST Portal - June, 2021

   09 July 2021 at 19:04

New Functionalities pertaining to modules of Registration, Refund and Ledgers made available for Taxpayers on the GST Portal for the m/o June 2021 has been mentioned here.

Posted in GST |   6552 Views


Cabinet approves MoU between Institute of Cost Accountants of India and the ACCA

   09 July 2021 at 05:50

This MoU will lead to a focus attention towards the exchange of knowledge and exchange of research and publications, which will strengthen good governance practice in both jurisdictions.

Posted in Professional Resource  2 comments |   3768 Views


Total Revenue Deficit Grant of Rs. 39,484 crore released to States in the current financial year

   09 July 2021 at 05:43

With the release of the instalment of Rs. 9,871 crore, a total amount of Rs. 39,484 crore has been released to eligible States as Post Devolution Revenue Deficit Grant in the current financial year.

Posted in Others |   1260 Views


ICAI amends Form 18 - Particulars of Offices and Firms

   09 July 2021 at 05:43

Under the amended Form 18, ICAI has allowed Multi Disciplinary Partnership Firms together with the partnership of CAs with CMAs, CSs, advocates, Engineers, Architects and MBAs.

Posted in Professional Resource |   9396 Views


Smt. Anupriya Patel takes charge as Minister of State of Ministry of Commerce and Industry

   09 July 2021 at 05:43

Smt. Anupriya Patel was elected to the Lok Sabha, from the constituency of Mirzapur in 2014 and again in 2019. She was also the Minister of State in the Ministry of Health and Family Welfare, Government of India, from 2016 to 2019.

Posted in Others |   3336 Views


Dr Bhagwat Kishanrao Karad takes charge as Minister of State in the Ministry of Finance

   09 July 2021 at 05:32

Dr Karad is a first time member of the Rajya Sabha. Active in public service, he has served as Mayor of Aurangabad Municipal Corporation and also as Chairman of Marathwada Legal Development Corporation.

Posted in Others |   2130 Views


Response from Ministry of Finance on reports relating to freezing of Indian assets in France

   09 July 2021 at 05:32

There have been news reports that Cairn Energy has seized/ frozen State owned property of Government of India in Paris. However, Govt. of India  has not received any notice, order or communication, in this regard, from any French Court.

Posted in Custom |   1542 Views


CBDT issues refunds to more than 17.92 lakh taxpayers between 1st April to 5th July, 2021

   08 July 2021 at 17:04

Income tax refunds of Rs. 10,408 crore have been issued in 16,89,063 cases & corporate tax refunds of Rs. 26,642 crore have been issued in 1,03,088 cases.

Posted in Income Tax |   1590 Views


Retail and Wholesale Trade are now allowed to migrate to Udyam Registration Portal

   08 July 2021 at 10:57

The Ministry of MSME earlier notified that Retail and Wholesale Trade will now be included under the ambit of MSMEs. In this regard, RBI has notified that Retail and Wholesale Trade are now allowed to migrate to the Udyam Registration Portal.

Posted in Others |   2280 Views


CBDT notifies amendment in the computation of short term capital gains

   08 July 2021 at 05:42

CBDT has released the Income Tax Amendment (19th Amendment), Rules, 2021 under which an amendment has been notified in the computation of short term capital gains and written down value under section 50 where depreciation on goodwill has been obtained.

Posted in Income Tax |   10548 Views