ICAI has decided to cancel the July 2021 CA Examinations in Kathmandu, Nepal due to the strict lockdown and accompanying restrictions in the country. However, the schedule in all other cities/centres shall remain the same.
In their representation letter to ICAI, these students have cleared that this is not a legal representation and have listed 4 reasons as to why such an extension or an unconditional opt out facility is a need of the hour.
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.
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.
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.
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.
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.
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.
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.
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.
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