CAclubindia News

11th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

11 January 2021 at 17:45

A total amount of Rs.66,000 crore released so far to all States and UTs with legislationThis is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the StatesThe Ministry of Finance has released the 11th weekly instalmen

Posted in GST | 1086 Views

E-Filing website to go under a maintenance activity on 11th Jan 2021 immediately after 12 midnight till 4 AM

11 January 2021 at 14:54

The Income Tax Department, via their official Twitter handle, has made an announcement stating that the E-Filing Portal will be going under a maintenance activity on 11th Jan 2021 immediately after 12 midnight till 4 AM.

Posted in Income Tax | 2166 Views

Further Extension of Income Tax Returns, Tax Audit Reports, GST Returns and Other Compliances requested by 24 GST and Trade Associations

11 January 2021 at 11:32

The All India Joint Representation Committee for GST has written a representation letter to the Finance Minister Smt. Nirmala Sitharaman, for further extension in the due date compliances of various Income Tax, GST, and ROC Return.

Posted in GST | 2 comments | 41331 Views

Income Tax Department requests taxpayers to give sufficient time before multiple submissions for Aadhaar OTP

11 January 2021 at 08:21

The Income Tax Department has requested taxpayers to give sufficient time before multiple submissions for Aadhaar OTP. This is because of the new restrictions by UIDAI of a maximum of 5 OTP requests for a single Aadhaar within a span of 30 minutes.

Posted in Income Tax | 5157 Views

MCA announces that the portal maintenance activity has been completed

11 January 2021 at 08:20

The MCA Portal went under a maintenance activity on 9th and 10th Jan. It has now been communicated that the portal maintenance activity has been completed and the site is available for filings.

Posted in Corporate Law | 3663 Views

RBI to conduct the revised Variable Rate Reverse Repo auction on January 15, 2021, Friday under the revised Liquidity Management Framework

09 January 2021 at 10:55

On February 06, 2020, the Reserve Bank had announced a revised Liquidity Management Framework that was simplified and clearly communicated the objectives and toolkit for liquidity management.

Posted in Others | 1605 Views

ICAI Launches MSME Mentorship Programme & 100 Facilitation Centre for MSME/GST

09 January 2021 at 10:03

ICAI has launched the MSME Mentorship Programme & 100 Facilitation Centre for MSME/GST during the National Conclave on “Empowering MSMEs towards Aatmaniarbhar Bharat” to make them globally competitive.

Posted in Corporate Law | 2844 Views

IT Department conducts searches on 3 real estate & stock broking groups of Kolkata

09 January 2021 at 10:01

The search action has resulted in the seizure of unaccounted cash of Rs. 3.02 crore and jewellery worth Rs. 72 lakh.

Posted in Income Tax | 2493 Views

MCA invites comments from the public on Pre-packaged Insolvency Resolution Process under Insolvency and Bankruptcy Code, 2016

09 January 2021 at 08:34

Suggestion/comments, if any, along with brief justification may be submitted online here - https://ibbi.gov.in/webfront/prepack_comment_irp.php by the end of business hours on 22nd January 2021.

Posted in Corporate Law | 1914 Views

MCA Portal to go under maintenance activity from 9th Jan at 10 PM to 10th Jan at 8 AM

09 January 2021 at 08:34

The Ministry of Corporate Affairs has announced that the MCA Portal will go under a strict maintenance activity from 9th Jan to 10th Jan, and have requested the taxpayers to plan their activities accordingly.

Posted in Corporate Law | 1563 Views