The 15th Finance Commission concludes deliberations on Report 2021-22 to 2025-26. The Commission will present its report to the Honourable President of India on 9th November 2020.
The Institute of Company Secretaries of India has allowed the carry forward of exam fees to June 2021 for students who don't wish to sit for the December 2020 Exam Session. Read the official announcement here.
ICAI issues advisory to students and the public regarding Nov/Dec 2020 Exams
CBIC releases a guidebook on the successful implementation of Faceless Assessment across the country
Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees
CGST officials bust racket for generating fraudulent input tax credit through fake billing of around Rs 1,278 crores.
CBIC makes changes in the Customs Act, 1962 vide Tariff Notification No.103/2020-Customs(N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold, and Silver- Reg.
The Institute of Chartered Accountants of India has presented an Exposure Draft for amendments to Ind AS 109, Ind AS 107, and Ind AS 116 and has requested comments on such a draft by 30th November 2020.
ICAI launches "We Care – A Unique Social Security Scheme and Benevolence Program for Senior CAs”, for Senior CA members of age 75 years and above.
The Monthly Account of the Union Government of India up to the month of September 2020 has been consolidated and reports published.
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