CAclubindia News

ICAI releases Exposure Draft of Disclosures of Accounting Policies

30 July 2021 at 18:44

ICAI has released the Exposure Draft of Disclosures of Accounting Policies - Amendments to Ind AS 1, Presentation of Financial Statements. Comments on the same may be submitted either electronically or via email or post by 31.08.2021.

Posted in Professional Resource | 2142 Views

Cabinet approves amendments to LLP Act, 2008 - Check All Details Now!

30 July 2021 at 17:38

The Cabinet, on 28th July 2021 approved amendments to the LLP Act, 2008 vide LLP Amendment Act, 2021. These amendments to the LLP Act were suggested in Union Budget 2021, presented by FM Nirmala Sitharaman in the parliament on 1st February 2021.

Posted in Corporate Law | 9372 Views

[FAKE] Finance Ministry is providing emergency cash where recipients will receive Rs 1,30,000 per month for 6 months

30 July 2021 at 06:39

The WhatsApp forward claiming that the Finance Ministry is providing emergency cash where recipients will receive Rs. 1,30,000 per month for 6 months is FAKE. Kindly don't believe this message.

Posted in Community & General | 6663 Views

Development of Small Scale Industries

30 July 2021 at 06:34

GoI has announced various relief measures for several sectors under the Aatma Nirbhar Bharat Abhiyan and has taken a number of initiatives to support the MSME Sector in the country, especially in the COVID-19 pandemic situation.

Posted in Community & General | 4050 Views

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 Community & General | 1947 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 | 5043 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 Community & General | 1992 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 | 1989 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 | 2352 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 Community & General | 1029 Views