CAclubindia News
Ministry of Finance releases Rs. 45,000 crore as additional devolution to States in FY 2020-21
01 April 2021 at 19:16The Ministry of Finance, Government of India, released ₹45,000 crore as additional devolution to States in FY 2020-21. This is an increase of 8.2% over RE 2020-21.
CBIC amends exchange rate vide notification No. 40/2021 - Customs (N.T.)
01 April 2021 at 19:12CBIC determines the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa.
Rs. 11,830 crore released to States under the scheme - Special Assistance to States for Capital Expenditure
01 April 2021 at 19:07The Department of Expenditure, Ministry of Finance has released an amount of Rs. 11,830 crore to States under the scheme "Special Assistance to States for Capital Expenditure".
CBDT issues refunds of more than Rs. 2.62 lakh crore upto 31st March 2021
01 April 2021 at 19:03Central Board of Direct Taxes (CBDT) has issued refunds of more than Rs. 2.62 lakh crore to more than 2.38 crore taxpayers from 1st April, 2020 to 31st March, 2021.
ICAI President's Message - April 2021
01 April 2021 at 19:00CA. Nihar N. Jambusaria - President, ICAI's April 2021 message for members and students.
ICAI | CA Mukesh Kumar Jain joined as the new Secretary
01 April 2021 at 18:46CA. Mukesh Kumar Jain has joined as Secretary of the Institute of Chartered Accountants of India (ICAI) today on April 1, 2021. Previously, Shri Jain was heading Oriental Bank of Commerce as MD & CEO.
Govt backtracks on notification to slash interest rates on small savings
01 April 2021 at 10:52Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021.
CBDT | Faceless Appeal (Amendment) Scheme, 2021
01 April 2021 at 05:54The Central Board of Direct Taxes has released the Faceless Appeal (Amendment) Scheme, 2021 in order to further amend the Faceless Appeal Scheme, 2020.
ICAI makes announcement regarding Temporary Exceptions to Hedge Accounting
01 April 2021 at 05:46Announcement providing Temporary Exceptions to Hedge Accounting prescribed under Guidance Note on Accounting for Derivative Contracts due to Interest Rate Benchmark Reform.
ICAI | Criteria for classification of Non-company entities for applicability of Accounting Standards
01 April 2021 at 05:44ICAI, in its 400th meeting held on March 18-19, 2021 has announced that the scheme for applicability of Accounting Standards to Noncompany entities shall come into effect in respect of accounting periods commencing on or after April 1, 2020.
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