CAclubindia News

3.75 crore Income Tax Returns for AY 2020-21 filed till 21st Dec 2020

22 December 2020 at 13:28

The Central Board of Direct Taxes has notified that the total Income Tax Returns filed till 21st December 2020 for AY 2020-21, is 3.75 crores. Read the ITR-Wise break-up of the figure here.

Posted in Income Tax | 2733 Views

GSTN sends mass SMS to all GST registered businesses by mistake, creates panic among clients of CAs

22 December 2020 at 11:46

The GST Network sent out a mass SMS to all GST registered businesses, by mistake, which further created panic amongst the clients of CAs. Numerous CAs expressed their dissent over the GST Network on Twitter, due to this.

Posted in GST | 2 comments | 23910 Views

QRMP Scheme - Escalating Growth of Taxpayers by Limiting Tax Compliance Burden

22 December 2020 at 10:27

Know how the Quarterly Return Monthly Payment Scheme will escalate the growth of taxpayers by limiting the tax compliance burden, here.

Posted in Income Tax | 4866 Views

ICSI releases Guidance Notes on ICSI Auditing Standards

22 December 2020 at 10:27

The Institute of Company Secretaries of India has released Guidance Notes on the ICSI Auditing Standards (CSAS-1 to CSAS-4) - Audit Engagement. Read the provisions of the official guidance note here.

Posted in Audit | 2526 Views

ICSI confers Honorary CS Degree at the 48th National Convention of Company Secretaries

22 December 2020 at 10:27

The Institute of Company Secretaries of India has conferred the Honorary CS Degree to the Hon’ble Minister of State for Finance and Corporate Affairs, Shri Anurag Singh Thakur at the 48th National Convention of Company Secretaries. Read the official

Posted in Career | 5022 Views

Income Tax Department cautions taxpayers on a fake link that promises to give a refund

21 December 2020 at 18:05

The Income Tax Department, via their official Twitter handle, cautioned the taxpayers of a fake link that has been circulating and is promising to give a refund.

Posted in Income Tax | 2583 Views

Income Tax Department releases E-Brochure on Vivad se Vishwas Scheme

21 December 2020 at 18:05

The Income Tax Department has released an E-Brochure on the Vivad se Vishwas Scheme, asking taxpayers to settle their income tax disputes by filing a declaration by 31.12.20.

Posted in Income Tax | 3936 Views

Income Tax Department introduces "Jhatpat Processing" for ITR 1 and 4

21 December 2020 at 18:05

The Income Tax Department has introduced "Jhatpat Processing" for easy filing and processing of ITRs. The process has started for ITR 1 and 4. Click the link below to file your return now!

Posted in Income Tax | 4368 Views

8th Instalment of Rs. 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

21 December 2020 at 18:05

A total amount of Rs. 48,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs. 1,06,830 crore granted to the States

Posted in GST | 1638 Views

FM holds the 12th Pre-Budget Consultation Meet with Leading Experts

21 December 2020 at 18:05

Union Finance Minister Smt. Nirmala Sitharaman holding her 12th Pre-Budget consultations with leading experts in infrastructure, energy, and climate change in connection with the forthcoming Union Budget 2021-22, in New Delhi today.

Posted in Union Budget & Policy | 1332 Views