CAclubindia News
RBI | Relaxation in OD facility for States Governments/UTs
06 May 2021 at 05:56The maximum number of days in a quarter on which State Governments/UTs can avail overdraft is being increased from 36 to 50 days and the number of consecutive days on which overdraft can be availed is being increased from 14 to 21 days.
CBDT exempts Cash Allowance up to Rs. 36000 received by an employee u/s 10(5) of the Income Tax Act
06 May 2021 at 05:52A new LTC Cash Voucher Scheme has been notified by the concerned authorities under which Cash Allowance up to Rs. 36000 received by an employee u/s 10(5) of the Income Tax Act is exempt from the AY beginning 1st April 2021.
Section 142 of the Social Security Code, 2020 covering the applicability of Aadhaar notified
06 May 2021 at 05:45The notification of section 142 will enable the Ministry of Labour and Employment to collect Aadhaar details for the database of beneficiaries under various social security schemes.
Cabinet approves strategic disinvestment and transfer of management control in IDBI Bank Limited
06 May 2021 at 05:42LIC’s Board has passed a resolution to the effect that LIC may reduce its shareholding in IDBI Bank Ltd. through divesting its stake along with strategic stake sale envisaged by the Govt.
ICAI issues Questionnaire for Members on the Accounting Process Outsourcing Services from abroad
05 May 2021 at 22:16ICAI has issued a Questionnaire for Members on the Accounting Process Outsourcing Services from abroad so as to gather inputs and suggestions so that the institute can facilitate the export of professional services.
Simplification of procedure for import of oxygen cylinders and cryogenic tankers/containers
05 May 2021 at 20:32In view of the COVID pandemic, PESO shall not carry out a physical inspection of global manufacturers' production facilities before the grant of registration and approval of global manufacturers for importing oxygen cylinders and cryogenic containers.
ICSI to conduct one more mock test on 6th May 2021 for students appearing in CSEET on 8th May
05 May 2021 at 20:12The Institute of Company Secretaries of India has decided to conduct one more repeat Mock Test for candidates (absentees only) on 6th May 2021 so that they get familiar with the test before appearing in the CSEET scheduled on 8th May 2021.
GST Portal: New Functionalities made available for Taxpayers in April, 2021
05 May 2021 at 19:25New Functionalities made available on the GST Portal for Taxpayers in April 2021, w.r.t Returns has been listed in this news piece.
MCA clarifies that spending of CSR funds for creating health infrastructure for COVID care are eligible CSR activities
05 May 2021 at 14:16MCA has clarified that spending of CSR funds directly or through a pooling of resources for ‘creating health infrastructure for COVID care', 'establishment of medical oxygen generation and storage plants' etc. are eligible CSR activities.
CBDT issues refunds to more than 11.73 lakh taxpayers between 1st April 2021 and 3rd May 2021
05 May 2021 at 14:06Income tax refunds of Rs. 5,047 crore have been issued in 11,51,408 cases & corporate tax refunds of Rs. 10,392 crore have been issued in 21,487 cases.
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