CAclubindia News

CBDT issues refunds to more than 26.09 lakh taxpayers between 1st April to 6th September, 2021

12 September 2021 at 17:10

Income tax refunds of Rs. 16,753 crore have been issued in 24,70,612 cases &corporate tax refunds of Rs. 53,367 crore have been issued in 1,38,801 cases.

Posted in Income Tax | 2 comments | 1653 Views

CBDT amends Rule 11UAC of the Income Tax Rules, 1962

11 September 2021 at 21:57

Equity shares of a public sector company received by a person from the CG or any SG under strategic disinvestment shall not be chargeable as income from other sources under Section 56(2)(x).

Posted in Income Tax | 1 comments | 10647 Views

CS Nagendra D Rao becomes Vice-President of the Corporate Secretaries International Association (CSIA) for the year 2022

11 September 2021 at 05:45

CS Nagendra D Rao, President, The Institute of Company Secretaries of India, has been unanimously elected as the Vice-President of the Corporate Secretaries International Association (CSIA), for the year 2022.

Posted in Professional Resource | 1470 Views

Results of Post Qualification Course Examinations to be declared on 13th September by ICAI

11 September 2021 at 05:46

The results of 3 Post Qualification Course Examinations are likely to be declared on Monday, 13th September 2021 (evening)/Tuesday, 14th September 2021 at the Institute’s office in New Delhi.

Posted in Students | 1968 Views

Know all about Account Aggregator Network - a Financial Data-Sharing System

11 September 2021 at 05:48

The Account Aggregator system in banking has been started off with eight of India's largest banks. The Account Aggregator system can make lending and wealth management a lot faster and cheaper.

Posted in Accounts | 5574 Views

CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment

11 September 2021 at 05:44

In order to facilitate the strategic disinvestment, it has been decided that Section 79 of the Income-tax Act, 1961, shall not apply to an erstwhile public sector company which has become so as a result of strategic disinvestment.

Posted in Income Tax | 1605 Views

July 2021 CA Final and Foundation Results to be Declared on 13th September

10 September 2021 at 21:36

The results of the Chartered Accountants Final Examination (Old Course & New Course) and Foundation Examination held in July 2021 are likely to be declared on Monday, 13th September 2021 (evening) / Tuesday, 14th September 2021.

Posted in Students | 2 comments | 8022 Views

Finance Ministry releases Rs 9,871 cr to 17 states as revenue deficit grant

10 September 2021 at 05:47

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 1,18,452 crore to 17 States in the financial year 2021-22. Out of this, an amount of Rs. 59,226.00 crore (50%) has been released so far.

Posted in Community & General | 1638 Views

CBDT extends the due date for filing of Income Tax Returns and Various Reports of Audit for AY 2021-22

09 September 2021 at 19:58

The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st October 2021 is hereby further extended to 15th February 2022; and whose due date is 30th November 2021 is further extended to 28th February 2022.

Posted in Income Tax | 2 comments | 43116 Views

ICSI clarifies that submission of Exam Enrollment request for Dec 2021 will commence after June 2021 exam declaration

09 September 2021 at 05:50

Submission of Exam Enrollment request for December 2021 Session will commence only after declaration of Result of June 2021 Exam Session. The Enrollment process will be active at least 15 days from the date of announcement of the June 2021 Exam Result.

Posted in Students | 1482 Views