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Reality of moderation/scaling of marks in all levels of CA exams
Reality of moderation/scaling of marks under Regulation 39(2) in all levels of CA examinations by the ICAI The Institute of Chartered Accountants of India, has provided the quintessential details and...
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Representation for extension of timelines for holding AGM
Representation for extension of timelines for holding Annual General Meeting (AGM) under the Companies Act, 2013 for the Financial Year ended 31.03.2021 due to continued COVID-19 Pandemic DIRECT TAXES...
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NFRA draws conclusion on comments received on consultation paper on enhanced engagement with stakeholders
Ministry of Corporate Affairs Posted On: 13 SEP 2021 National Financial Reporting Authority (NFRA) was established by the Central Government in October 2018 with the fundamental objective of driving s...
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Pass Percentage in CA examination from May, 2018 till January, 2021 attempt
The Institute of Chartered Accountants of India, has provided the statistics of candidates appeared, passed and their pass percentage in the CA examinations from May, 2018 till January, 2021 attempt,...
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Extend time period for Holding of AGM due to COVID-19
Chartered Accountants Association (CAS) requested that as a special case and to mitigate the hardships of Corporate and public at large the time period for holding Annual General Meeting (AGM) for the...
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No section 206C(1H) TCS on transfer of goods by Air India to holding company
Central Government hereby specifies that, Air India Limited (PAN: AACCN6194P) shall not be considered as ‘seller’ for the purposes of sub-section (1H) of section 206C of the said Act in relation to tr...
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No Section 194Q TDS on transfer of goods by Air India to holding company
Central Government hereby specifies that no TDS shall be deducted under section 194Q in case of transfer of goods by Air India Limited to Air India Assets Holding Limited under a plan approved by the...
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No Section 194IA TDS on payment by Air India limited to holding company for property
Central Government hereby specifies that no TDS shall be deducted under section 194-IA of Income Tax Act on any payment made to the Air India Limited for transfer of immovable property to Air India As...
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Transfer from Air India limited to holding company will not be treated as transfer: CBDT
Transfer of capital asset under plan approved by Central Government from Air India Limited being transferor public sector company, to Air India Assets Holding Limited being transferee public sector co...
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Section 10(46) exemption to ‘District Mineral Foundation Trust’
Vide Notification No. 103/2021-Income Tax | Dated: 10th September, 2021 CBDT notifies Tax Exemption to ‘District Mineral Foundation Trust’ . MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD...
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Draft IRDAI (Insurance Information Bureau of India) Regulations, 2021
Insurance Regulatory and Development Authority of India. Exposure draft Ref. No:— Date:08-09-2021 Draft regulations relating to IIB Insurance Regulatory and Development Authority of India (Insurance I...
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Government Provides Big Boost to Exporters
Ministry of Commerce & Industry Rs. 56,027 crore is going to be released under various Export Promotion Schemes Benefits would be disbursed to more than 45,000 exporters, out of which about 98% are sm...
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Cabinet approves MoU between ICAI and CAAR
Cabinet approves Memorandum of Understanding between The Institute of Chartered Accountants of India (ICAI) and The Chamber of Auditors of the Republic of Azerbaijan (CAAR) The Union Cabinet, chaired...
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Madras HC issues Non-Bailable Warrants on failure to pay Entry Tax
The Madras High Court vide an order returnable on September 06, 2021 issued a Non-Bailable warrant against Grandhe Construction Private Limited (Petitioner No. 1) and Sri Murugan Earth Movers (Petitio...
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Customs & Central Excise inspector Imprisoned for Possession of DA
Central Bureau of Investigation Press Release THREE YEARS RIGOROUS IMPRISONMENT WITH FINE OF Rs. 25,000/- TO THEN INSPECTOR OF CUSTOMS & CENTRAL EXCISE FOR POSSESSION OF DISPROPORTIONATE ASSETS Dated:...
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CBDT extends due dates of ITR & various Audit reports for AY 2021-22
CBDt has vide press release and Circular No. 17/2021 dated 09th September 2021 extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22. Full text of...
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CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment
vide press release and notification No. Notification No. 105/2021-Income Tax Dated 10.09.2021. Ministry of Finance CBDT issues clarification regarding carry forward of losses in case of change in shar...
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I-T Dept searches 3 Commission agent groups based in Punjab
Ministry of Finance Income Tax Department conducts searches in Punjab and Haryana Posted On: 10 SEP 2021 The Income Tax Department conducted search and seizure operations on 08.09.2021 on three promin...
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Income Tax Dept searches prominent business houses of Gujarat
Ministry of Finance Income Tax Department conducts searches in Ahmedabad Posted On: 10 SEP 2021 The Income Tax Department carried out a search and seizure operation on 08.09.2021 on a group based in A...
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ICSI clarifies on December 2021 Examination Enrollment
Institute of Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) IMPORTANT ANNOUNCEME...