CAclubindia News

ICAI releases Exposure Draft for Amendments to the Guidance Note on Accounting for Derivative Contracts w.r.t. IBOR Phase 2 Replacement Issues

01 June 2021 at 17:51

ICAI has invited comments on the Exposure Draft and the same may be submitted to ICAI via email, post or electronically, so as to be received no later than June 21, 2021.

Posted in Professional Resource | 1197 Views

ICAI President's Message - June 2021

01 June 2021 at 17:45

CA. Nihar N. Jambusaria - President, ICAI's June 2021 message for members and students.

Posted in Professional Resource | 10827 Views

RBI clarifies banks cannot prohibit dealing in cryptocurrency

01 June 2021 at 06:33

RBI has issued a clarification for banks and the general public at large, stating that its earlier circular on the prohibition of usage of virtual currencies is no longer valid as the same was set aside by the Supreme Court on 4th March 2020.

Posted in Community & General | 9102 Views

CBDT member JB Mohapatra handed over the charge of Chairman

01 June 2021 at 06:29

Upon completion of his tenure, here is the outgoing Chairman CBDT, Sh. PC Mody handing over the charge of Chairman, CBDT to Sh. JB Mohapatra, Member, CBDT, who will hold the charge in addition to his regular duties.

Posted in Income Tax | 1473 Views

Extension of ICSI ECSIN Amnesty Scheme 2021 till 15th June 2021

01 June 2021 at 06:24

The Institute in view of the unprecedented conditions has decided to extend the ICSI ECSIN Amnesty Scheme 2021 till June 15, 2021.

Posted in Professional Resource | 1134 Views

Govt. exempts Amphotericin B used to treat Black Fungus from Customs Duty

01 June 2021 at 06:19

The Finance Ministry on 31st May 2021 exempted the Customs Duty on "Amphotericin B" that is used to treat Mucormycosis, commonly known as Black Fungus, till 31st August 2021.

Posted in Custom | 1458 Views

CBIC notifies Ad hoc Customs Exemption on Imports of COVID-19 relief material Donated from Abroad

01 June 2021 at 06:13

Earlier, this exemption was notified till 30th June 2021, however, considering the drastic impact of the second wave of the COVID-19 pandemic, the Central Government on 31st May 2021 extended the same to 31st August 2021.

Posted in Custom | 1458 Views

CBIC makes amendments vide Tariff Notification No. 49 /2021

31 May 2021 at 22:41

Tariff Notification No. 49 /2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.

Posted in Custom | 1611 Views

Highlights of the Monthly Review of Accounts of Union GoI for the month of April 2021 for the FY 2021-22

31 May 2021 at 19:05

GoI has received Rs. 1,47,991 crore (7.49% of corresponding BE 21-22 of Total Receipts) for April 2021 comprising Rs. 1,30,811 crore Tax Revenue (Net to Centre), Rs. 16,808 crore of Non Tax Revenue and Rs. 372 crore of Non Debt Capital Receipts.

Posted in Community & General | 1116 Views

Highlights of the Accounts of the Union GoI (Provisional/Unaudited) for the FY 2020-21

31 May 2021 at 19:04

GoI has received Rs. 16,89,720 crore (105.50% of corresponding RE 20-21 of Total Receipts) during 2020-21 comprising Rs 14,24,035 crore Tax Revenue, Rs. 2,08,059 crore of Non Tax Revenue and Rs. 57,626 crore of Non Debt Capital Receipts.

Posted in Community & General | 996 Views