CAclubindia News

CBDT exempts Cash Allowance up to Rs. 36000 received by an employee u/s 10(5) of the Income Tax Act

06 May 2021 at 05:52

A new LTC Cash Voucher Scheme has been notified by the concerned authorities under which Cash Allowance up to Rs. 36000 received by an employee u/s 10(5) of the Income Tax Act is exempt from the AY beginning 1st April 2021.

Posted in Income Tax | 17697 Views

Section 142 of the Social Security Code, 2020 covering the applicability of Aadhaar notified

06 May 2021 at 05:45

The notification of section 142 will enable the Ministry of Labour and Employment to collect Aadhaar details for the database of beneficiaries under various social security schemes.

Posted in Corporate Law | 1719 Views

Cabinet approves strategic disinvestment and transfer of management control in IDBI Bank Limited

06 May 2021 at 05:42

LIC’s Board has passed a resolution to the effect that LIC may reduce its shareholding in IDBI Bank Ltd. through divesting its stake along with strategic stake sale envisaged by the Govt.

Posted in Others | 1098 Views

ICAI issues Questionnaire for Members on the Accounting Process Outsourcing Services from abroad

05 May 2021 at 22:16

ICAI has issued a Questionnaire for Members on the Accounting Process Outsourcing Services from abroad so as to gather inputs and suggestions so that the institute can facilitate the export of professional services.

Posted in Professional Resource | 1602 Views

Simplification of procedure for import of oxygen cylinders and cryogenic tankers/containers

05 May 2021 at 20:32

In view of the COVID pandemic, PESO shall not carry out a physical inspection of global manufacturers' production facilities before the grant of registration and approval of global manufacturers for importing oxygen cylinders and cryogenic containers.

Posted in Others | 1077 Views

ICSI to conduct one more mock test on 6th May 2021 for students appearing in CSEET on 8th May

05 May 2021 at 20:12

The Institute of Company Secretaries of India has decided to conduct one more repeat Mock Test for candidates (absentees only) on 6th May 2021 so that they get familiar with the test before appearing in the CSEET scheduled on 8th May 2021.

Posted in Students | 1011 Views

GST Portal: New Functionalities made available for Taxpayers in April, 2021

05 May 2021 at 19:25

New Functionalities made available on the GST Portal for Taxpayers in April 2021, w.r.t Returns has been listed in this news piece.

Posted in GST | 9060 Views

MCA clarifies that spending of CSR funds for creating health infrastructure for COVID care are eligible CSR activities

05 May 2021 at 14:16

MCA has clarified that spending of CSR funds directly or through a pooling of resources for ‘creating health infrastructure for COVID care', 'establishment of medical oxygen generation and storage plants' etc. are eligible CSR activities.

Posted in Corporate Law | 3498 Views

CBDT issues refunds to more than 11.73 lakh taxpayers between 1st April 2021 and 3rd May 2021

05 May 2021 at 14:06

Income tax refunds of Rs. 5,047 crore have been issued in 11,51,408 cases & corporate tax refunds of Rs. 10,392 crore have been issued in 21,487 cases.

Posted in Income Tax | 1107 Views

RBI Governor's Statement - May 5, 2021

05 May 2021 at 14:04

At the RBI, we stand in battle readiness to ensure that financial conditions remain congenial and markets continue to work efficiently. We are committed to go unconventional and devise new responses as and when the situation demands, says RBI Governor.

Posted in Professional Resource | 1611 Views