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MCA broaden scope of reporting by Auditors in Audit report
MCA has vide its Notification Dated 24th March 2021 notified Companies (Audit and Auditors) Amendment Rules, 2021 and omitted clause (d) of Rule 11 of Companies (Audit and Auditors) Rules, 2014 which...
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Companies mandates to use software with audit trail of each transaction
MCA has vide its notification dated 24.03.2021 (Companies (Accounts) Amendment Rules, 2021) notifies that for the financial year commencing on or after the 1st day of April, 2021, every company which...
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MCA notifies amendment in section 124 & 247 of Companies Act, 2013
MCA Notifies the date of commencement of Section 23 and Section 45 of Companies (Amendment) Act, 2020 The Ministry of Corporate Affairs (MCA) vide its Notification Date appointed the 24th March 2021 f...
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Steps taken by government to boost domestic demand
Ministry of Finance Special scheme to boost domestic demand Posted On: 23 MAR 2021 It is a continuous endeavour of the Government to introduce schemes and reforms to promote Ease of Doing Business, in...
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ICAI Guidelines for Networking of Indian CA firms, 2021
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA The Guidelines for Networking of Indian CA firms, 2021 1. Preamble 1.1 Over the years, our Members have adopted different models of practice viz. Practi...
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GST-related matters are not Ministry of Finance matters: FM
GST-related matters are not Ministry of Finance matters. They are the GST council matters in which all states’ Finance Ministers are members. Without the council’s clearance, no step is taken: Smt @ns...
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CBDT promotes 94 officers to the grade of Pr. CIT
F. No. A-32011/112020-Ad.V1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, The 19th March, 2021. Office Order No. 68 of 2021 Conseq...
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Clarifications on provisions of Direct Tax Vivad se Vishwas Act
F. No. IT(A)/1/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No. 04/2021 Dated: 23rd March, 2021 Sub.: Clarifications on provisions of t...
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Govt proposes 127 amendments to Finance Bill, 2021
The Finance Minister, Smt. Nirmala Sitharaman, has introduced ‘Notice of Amendments’ to the Finance Bill, 2021 in the Lok Sabha on 22rd March 2021. Lok Sabha has passes the finance bill 2021 with all...
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Lok Sabha Passes Finance Bill 2021 (Read Parliament Proceedings)
The Finance Bill, 2021 was passed in the Lok Sabha on 23rd March 2021. The salient features of the bill include: – Reduced compliance burden for senior citizens of age 75 years & above -Tax incentives...
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Benefits of Social Security Schemes to Senior Citizens
Ministry of Social Justice & Empowerment Posted On: 23 MAR 2021 3:47PM by PIB Delhi The Department of Social Justice and Empowerment has formulated the scheme of National Action Plan for Senior Citize...
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1,38,051 new companies registered from April 2020 to February 2021
Ministry of Corporate Affairs Posted On: 22 MAR 2021 4:47 PM by PIB Delhi The Minister of State for Finance & Corporate Affairs Shri Anurag Singh Thakur said that 1,38,051 new companies registered in...
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Bankrupt Companies after lockdown was imposed due to COVID-19 pandemic
Ministry of Corporate Affairs Posted On: 22 MAR 2021 4:52 PM by PIB Delhi As per information from Insolvency and Bankruptcy Board of India (IBBI), details for the period from 01.04.2020 to 31.12.2020...
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Allow payment of GST by buyer directly to Government similar to RCM: FAIVM said in its representation
Distressed by the complexities and oddities of GST, traders have made a unique effort. Submission of collective representation in series , has been initiated by the Federation of All India Vyapar Mand...
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Extending deadline of CFSS and LLP Settlement Scheme
Ministry of Corporate Affairs Extending deadline of Companies Fresh Start Scheme and LLP Settlement Scheme Posted On: 23 MAR 2021 The Ministry of Corporate Affairs (MCA) through the General Circular n...
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SFIO investigating 20; RDs investigating 38 cases in misuse of corporate structure/ fraud Financial Year 2020-21
Ministry of Corporate Affairs Posted On: 22 MAR 2021 4:48 PM by PIB Delhi The Ministry of Corporate Affairs (MCA) has ordered for investigation and assigned to Serious Fraud Investigation office (SFIO...
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Sanction for prosecution accorded in 366 cases in violation of CSR provisions
Ministry of Corporate Affairs Posted On: 22 MAR 2021 4:49 PM by PIB Delhi Whenever any violation of CSR provisions is reported, action against such non-compliant Companies are initiated as per provisi...
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Income Tax Department conducts searches in Jharkhand
Ministry of Finance Posted On: 22 MAR 2021 2:10 PM by PIB Delhi The Income Tax Department carried out searches on a closely-held Group of Jharkhand on 17.03.2021 and concluded the same on 20.03.2021....
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Rajya Sabha passes Medical Termination of Pregnancy (Amendment) Bill, 2021
The Rajya Sabha has approved the Medical Termination of Pregnancy (Amendment) Bill, 2021 to amend the Medical Termination of Pregnancy Act, 1971 on 16th March 2021. The Bill was approved in Lok Sabha...
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How To Activate UAN on EPFO Website?
Ministry of Labour & Employement (Government of India) Step 1: Visit www.epfindia.gov.in Step 2: Select ‘Our Services’ and click on For employees’ Step 3: Click on ‘Member UAN/ Online Services’ Step 4...