CAclubindia News

Startups and Small Companies Shutdown during Covid

30 July 2021 at 06:32

The COVID-19 epidemic has temporarily affected various sectors including the Micro, Small and Medium Enterprises in the country. Economic activities have contracted due to the strict lockdown measures imposed by the Government.

Posted in Others | 1824 Views

GSTN | Functionality to check and update bank account details

30 July 2021 at 06:30

A functionality to check status of bank account details update for the taxpayers who have taken new registration at GST Portal but have not yet furnished the same, has been introduced, in view of Rule 10A of the CGST Rules 2017.

Posted in GST | 4989 Views

52,391 entities recognized as startups by DPIIT

29 July 2021 at 05:41

As of 14th July 2021 a total of 52,391 entities are recognized as startups by the Department for Promotion of Industry and Internal Trade and more than 5.7 lakh jobs have been reported by more than 50,000 startups.

Posted in Others | 1878 Views

Ministry of Corporate Affairs has deployed Costing Validation Tool 3.2

28 July 2021 at 06:31

The Ministry of Corporate Affairs has deployed the Costing Validation Tool 3.2. Thus, the Institute of Cost and Management Accountants of India has requested professionals to use the current tool for validating Instance Documents.

Posted in Corporate Law | 1923 Views

Measures taken by the Finance Ministry to curb incidence of frauds in Banks

28 July 2021 at 06:28

As per the information received from RBI, the number of cases of frauds of Rs 500 crore and above reported by Public Sector Banks/ Indian Banks / Select Financial Institutions are 79 in 2019-20, 73 in 2020-21 and 13 in 2021-22 (up to 30th June 2021).

Posted in Others | 1089 Views

ITR Refunds are directly credited to the bank account of taxpayers, states FM

28 July 2021 at 06:26

As per the answer to Question no. 81 in the Rajya Sabha by FM on 27.07.2021, "Refunds are directly credited to the bank account of taxpayers making the end-to-end process from filing of ITR till receipt of refund seamless & fully electronic."

Posted in Income Tax | 6666 Views

Active customers doubled on digital channels from 3.4 crore in FY 2019-20 to 7.6 crore in FY 2020-21

28 July 2021 at 06:21

Financial transactions undertaken through home and mobile channels increased from 29% in FY 2018-19 to 76% in FY 2020-21. Nearly 72% of financial transactions of PSBs done through digital channels.

Posted in Others | 975 Views

ICMAI extends the last date for registration to the CMA Course for December 2021 Exams

27 July 2021 at 21:53

ICMAI has extended the last date for registration/admission/enrolment to the CMA Foundation, Intermediate and Final Course to 10th August 2021 for the December 2021 term of examinations.

Posted in Students | 2274 Views

Direct tax collection doubled for first quarter of current fiscal

27 July 2021 at 20:39

Shri Pankaj Chaudhary stated that the net direct tax collection in the 1st quarter of FY 2021-2022 is Rs. 2,46,519.82 crore as against Rs. 1,17,783.87 crore during the same period of previous FY 2020-21.

Posted in Income Tax | 1464 Views

Rs 24,356 crore of unclaimed deposit lying with SCBs as on 31st Dec 20

27 July 2021 at 20:29

As per information received from the Reserve Bank of India, the total amount of unclaimed deposits of Scheduled Commercial Banks was Rs. 24,356 crore, as on 31.12.2020. Unclaimed deposits have increased by Rs. 5,977 crore in the year 2020.

Posted in Others | 2826 Views