CAclubindia News


CBDT issues refunds of over Rs. 1,50,863 crore to more than 1.18 crore taxpayers between 1st April 2020 to 20th December 2020

   23 December 2020 at 19:33

Income tax refunds of Rs. 47,608 crore have been issued in 1,16,07,299 cases & corporate tax refunds of Rs. 1,03,255 crore have been issued in 2,01,796 cases.

Posted in Income Tax |   1395 Views


ICAI releases result of the online Examination of the Certificate Course on Forex and Treasury Management held on 7th & 8th Nov 2020

   23 December 2020 at 19:33

The Institute of Chartered Accountants of India has released the result of the online Examination of the Certificate Course on Forex and Treasury Management held on 7th & 8th November 2020. 

Posted in Students |   1368 Views


FM Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2021-22

   23 December 2020 at 19:33

FM Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for budget 2021-22 held in virtual mode from 14th to 23rd December, 2020. More than 170 invitees representing 9 stakeholder groups participated in 15 virtual meetings.

Posted in Union Budget |   2298 Views


RBI Cautions against unauthorized Digital Lending Platforms/Mobile Apps

   23 December 2020 at 16:01

Reserve Bank has also mandated that digital lending platforms which are used on behalf of Banks and NBFCs should disclose name of the Bank(s) or NBFC(s) upfront to the customers.

Posted in Others |   2307 Views


MCA notifies 21st December 2020 on which provisions of Companies (Amendment) Act 2020 will come into force

   23 December 2020 at 13:02

The Ministry of Corporate Affairs has notified 21st December 2020 the date, on which provisions of Companies (Amendment) Act 2020 will come into force.

Posted in Corporate Law |   4443 Views


GSTN introduces the Quarterly Return Monthly Payment Scheme

   23 December 2020 at 11:56

The QRMP Scheme has been a welcome gift to the small and medium level GST registered taxpayers. Know all about the QRMP Scheme, in this poster released by GSTN on their official Twitter handle: 

Posted in GST |   3384 Views


ITC limit under rule sec 36(4) revised to 5 percent from 10 percent

   23 December 2020 at 11:26

The Central Board of Indirect Taxes and Customs has released the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020.

Posted in GST |   12702 Views


ICAI finalizes list of candidates eligible to appear in January/May 2021 CA Exams

   23 December 2020 at 10:54

ICAI has finalized the list of candidates eligible to appear in the January/May 2021 CA Exams. Students can check the position from their dashboard at icaiexam.icai.org.

Posted in Students  2 comments |   26574 Views


MCA notifies further period of three months from 25th December 2020 for section 10A of the Insolvency and Bankruptcy Code, 2016

   23 December 2020 at 10:05

The Ministry of Corporate Affairs has notified a further period of three months from 25th December 2020 for section 10A of the Insolvency and Bankruptcy Code, 2016.

Posted in Corporate Law |   1728 Views


CBIC appoints 1st January 2021 for provisions of sections 119, 120, 121, 122, 123, 124, 126, 127 and 131 of the CGST Act to come into force

   23 December 2020 at 10:05

CBIC appoints 1st January 2021 for provisions of sections 119, 120, 121, 122, 123, 124, 126, 127 and 131 of the CGST Act to come into force

Posted in GST |   3555 Views