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I-T Dept searches Betul based Soya products manufacturing group
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 22nd February, 2021 PRESS RELEASE Income Tax Department conducts searches in Bhopal Income Tax De...
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ESIC beneficiaries to get medical care from nearby ESIC empanelled Hospitals
Ministry of Labour & Employment ESIC beneficiaries to get medical care from nearby ESIC empanelled Hospitals in case of non-availability of ESIC hospital or dispensary within a radius of 10 km. of the...
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CAIT demands investigation of Cloudtail & Appario Retail working on Amazon marketplace
Confederation of All India Traders (CAIT) has written a letter to Shri Piyush Goyal, Hon’ble Minister for Commerce and Request for point wise investigation against Cloudtail India Limited (Company of...
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Model Educational Loan Scheme for Pursuing Higher Education in India & Abroad 2021
Indian Banks’ Association MODEL EDUCATIONAL LOAN SCHEME FOR PURSUING HIGHER EDUCATION IN INDIA AND ABROAD 2021 (The scheme provides broad guidelines to the banks for operationalising the Educational l...
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Exposure Draft of Guidance Note on Audit of Banks, 2021 edition
issued by the Auditing and Assurance Standards Board As you may be aware that every year the Auditing and Assurance Standards Board of the ICAI brings out the publication ‘Guidance Note on Audit of Ba...
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Exposure Draft of Annual Improvements to Ind AS (2021)
ED/AI/2021/4 Exposure Draft Annual Improvements to Ind AS (2021) (Corresponding to Annual Improvements to IFRS Standards 2018–2020 Cycle issued by the IASB) (Last date for Comments: March 20, 2021) Is...
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Exposure Draft – Reference to Conceptual Framework -Amendments to Ind AS 103
ED/ Ind AS 103/2021/3 Exposure Draft Reference to the Conceptual Framework (Amendments to Ind AS 103, Business Combinations) (Last date for Comments: March 20, 2021) Issued by Accounting Standards Boa...
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Exposure Draft of Property, Plant and Equipment: Proceeds before Intended Use
ED/ Ind AS 16/2021/2 Exposure Draft Property, Plant and Equipments: Proceeds before Intended Use (Amendments to Ind AS 16, Property, Plant and Equipment) (Last date for Comments: March 20, 2021) Issue...
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Exposure Draft – Onerous Contracts– Cost of Fulfilling a Contract
ED/ Ind AS 37/2021/1 Exposure Draft Onerous Contracts – Cost of Fulfilling a Contract (Amendments to Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets) (Last date for Comments: March...
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IFSCA issues consultation paper on proposed Aircraft Leasing Regulations
Ministry of Finance Posted On: 16 DEC 2020 India is poised to become the 3rd largest aviation market in the world by 2022. In January 2019, India’s Ministry of Civil Aviation published a report, ‘Proj...
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Educational Material On ICAI Valuation Standard 301- Business Valuation
Business Valuation focus has shifted from just the value of tangible assets to become more comprehensive. It also includes Earnings capability, Intangible assets, Innovative capabilities and Managemen...
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One arrested for illegal Gutkha manufacturing & Tax Evasion
Ministry of Finance Central Delhi tax officials arrest one for illegal manufacturing of gutkha with liability of around Rs 5.9 crore Posted On: 20 FEB 2021 Acting on intelligence regarding illegal man...
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Request for extension of due date for GST annual return of 2019-20
BJP Professional Cell, Mumbai has written a letter on 18th February 2021 to Finance Minister, Smt. Nirmala Sitharaman through its President CA Shailesh R Ghedia and Requested tor extension of due date...
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Request to grant Extension for GSTR 9 & GSTR 9C – FY 2019-20
Confederation of GST Professionals and Industries has made a representation to the Hon’ble Finance Minister of India and Requested to grant Extension for GSTR 9 & 9C – Financial Year 2019-20 from 28.0...
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GST compensation shortfall released to States reaches Rs. 1 lakh crore
Ministry of Finance GST compensation shortfall released to States reaches Rs. 1 lakh crore 17th Instalment of Rs. 5,000 crore released to the States on Friday, 19th February, 2021. 91 percent of the e...
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Request for Extension of due date of GST Annual Return GSTR 9 and GST Audit 9C
AIMTPA All India MSME and Tax Practitioners Association Ref:- AIMTPA/030/20-21 Date:- 18-Feb-2021 Respected Smt. Nirmala Sitharaman ji Honorable Finance Minister, Ministry of Finance, Government of In...
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Companies (Specification of definitions details) Second Amendment Rules, 2021
MCA inserted Rule 2A specifying when Companies not to be considered as listed companies. Rule is inserted in Companies (Specification of definitions details) Rules, 2014 vide Companies (Specification...
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8 section of Companies Act to be made applicable to LLP Soon
Stakeholders are hereby informed that the Central Government, in Ministry of Corporate Affairs, under section 67(1) of LLP Act, 2008 will be extending Sub- sections (1) to (11) of section 90, Sub- sec...
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CBDT extends ad-hoc appointment to the JCIT grade of 163 IRS officers
F. No.A-32012/3/2018-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi. The 16th February, 2021. OFFICE ORDER NO. 37 OF 2021 Wi...
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CBDT notifies Revised Procedure for Faceless Assessment
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 7/2021-Income Tax Dated: 17th February, 2021 S.O. 742(E).—In exercise of the powers conferred by...