CAclubindia News

Income Tax Department releases Corrigendum to order which clarified no further extension

13 January 2021 at 08:39

The Income Tax Department has released a Corrigendum to order under section 119 of the Income-tax Act dated 11/01/2021 which clarified that no further extension shall be made in due dates compliances of the Income Tax Act.

Posted in Income Tax | 2511 Views

ICMAI releases test instructions for CAT Foundation Course Mock Test to be held on 13th January 2021

13 January 2021 at 08:39

The Institute of Cost and Management Accountants of India has released the instructions for CAT Foundation Course Mock Test which is scheduled to be held on 13th January 2021.

Posted in Students | 1215 Views

CBDT releases the Faceless Penalty Scheme, 2021

13 January 2021 at 08:39

The penalty under this Scheme shall be imposed in respect of such territorial area, or persons or class of persons, or income or class of income or cases or class of cases, or penalties or class of penalties as may be specified by the Board.

Posted in Income Tax | 15759 Views

Exporter arrested for creating bogus companies for issuance of fake invoices

13 January 2021 at 08:39

Shri Santosh Kumar Singh created 44 fake/bogus companies for issuance of fake invoices and passing on ITC to nine export companies which were involved in fraudulent exports, without the supply of any goods.

Posted in GST | 2250 Views

Income tax department shares due date extensions of other countries while clarifying that no further extension will be made

12 January 2021 at 13:23

The Income Tax Department, on 11th January 2021 clarified that no further extension shall be given for Income Tax Returns and Tax Audit Reports. In this regard, they compared the due date extensions of other countries.

Posted in Income Tax | 14 comments | 21831 Views

ICAI changes exam centre in Allahabad for Jan/Feb 21 Exams

12 January 2021 at 11:27

The Institute of Chartered Accountants of India has changed the exam centre in Allahabad for all students for the January/February 2021 Exams. Read the official announcement and the changed exam centre here.

Posted in Students | 5022 Views

RBI releases the Financial Stability Report, January 2021

12 January 2021 at 10:11

RBI has released the 22nd issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC).

Posted in Community & General | 3168 Views

GST Update - Auto-population of e-invoice details into GSTR-1

12 January 2021 at 08:32

Taxpayers should not wait for the inadvertent gap wherein some invoices are not being populated in GSTR-1 and are advised to proceed with the preparation and filing of GSTR-1, based on actual data as per their records.

Posted in GST | 5529 Views