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16th Instalment of Rs. 5000 crore to States to meet GST compensation shortfall
Ministry of Finance A total amount of Rs.95,000 crore released so far to all States and UTs with legislature This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the...
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4 arrest in 3 different cases of ITC fraud of Rs. 178 crore
Ministry of Finance CGST Delhi officials arrest 4 in 3 different cases of input tax credit fraud of Rs 178 crore Posted On: 15 FEB 2021 7:12PM by PIB Delhi In the ensuing initiative to counter the men...
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Physical assault & mental torture to Vapi based traders by GST officials
Confederation of All India Traders has written a letter to Smt. Nirmala Sithraman, Hon’ble Minister for Finance against alleged physical assault and mental torture of traders of Vapi in Gujarat by con...
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Center for e-Governance, Karnataka to share Information with CBDT
Order u/s 138 of the Income-tax Act, 1961 for sharing of information with Chief Executive Officer, Center for e-Governance, Govt. of Karnataka vide Notification No. 05/2021 dated 11th February , 2021....
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Cases transferred to NeAC but not falling in FAS-2019 ambit
National e-Assessment Centre, Delhi Room No. 401. 2nd floor, E-Ramp, Jawaharlal Nehru Stadium, Delhi-110003. email: delhi.ito.hq.pccit.neac@incometax.gov.in Plume No: 24367003 F. No. Pr. CCIT(NeAC)/20...
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Remuneration Amount under section 9A(3)(m) of Income-tax Act, 1961
Circular No. 1 of 2021 F. No. /370142/2/2021-TPL, Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Tax Policy and Legislation Division) New De1hi, 15th Janu...
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I-T department Mumbai searches Gutkha, Pan masala group
Ministry of Finance Income Tax Department conducts searches in Mumbai Posted On: 15 FEB 2021 The Income Tax Department carried out search and survey operations on a group based in Mumbai on 08.02.2021...
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Control and Regulation of e-Commerce Platform
Ministry of Commerce & Industry Posted On: 12 FEB 2021 12:32 PM by PIB Delhi Considering the cross-cutting nature of e-Commerce, different laws and regulations across sectors govern the present e-Comm...
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CMA institute to initiate process for Formation of Multidisciplinary Partnership Firms
The Institute Of Cost Accountants Of India (Statutory Body Under An Act Of Parliament) CMA Bhawan 12, Sudder Street, Kolkata –700 016 Ref.No. G:128:02:2021 Dated: 13th February 2021 Subject: Formation...
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New Functionalities on GST Portal (January, 2021)
New Functionalities made available for Taxpayers on GST Portal (January, 2021) 1 – Registration 1. Deemed approval of Registration Application in Form GST REG-01 In terms of Notification No 94/2020-CT...
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1 Person Arrested In Case of Issuing Fake GST Invoices of Rs. 55.89 Crore
A racket of fake/bogus firms has been busted by our officers of CGST G.B Nagar , unearthing fake GST invoicing of Rs 55.89 Cr involving fraudulent ITC of Rs 8.83 Cr, 1 person has been arrested. PRESS...
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IRDAI Advises All Insurance Firms For Issuance of Digital Insurance Policies Via Digilocker
Ministry of Electronics & IT It will lead to better customer experience with faster claims processing and settlement, reduction in disputes and reduction in fraud Posted On: 12 FEB 2021 IRDAI (Insuran...
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Valuation : Professional Insight
Valuation is the most fundamental term in finance but is extremely crucial to understand while deriving the value. Also, several events in recent past have transpired to provide an indication of the p...
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ICAI Technical Guide On Valuation (Revised Edition 2021)
The happenings around the globe in the recent periods have brought about an accentuated appreciation of the implications of changing times. Immediately after the spread of COVID-19 was identified and...
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Steps taken to help Pensioners during COVID-19 Pandemic
Ministry of Personnel, Public Grievances & Pensions Several steps taken to help Pensioners during COVID-19 Pandemic: Dr Jitendra Singh Posted On: 11 FEB 2021 Union Minister of State (Independent Charg...
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Budget 2021: Department of School Education & Literacy
Ministry of Education Union Budget 2021-2022: Highlights for the Department of School Education and Literacy Over 15,000 schools to be strengthened to include all components of the NEP 2020 To emerge...
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ICAI FAQs on SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Frequently Asked Questions on Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Way back from 1996 in Indian history, the need for having a str...
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ICSI e-Book on Union Budget 2021-22
Preface ॐ सर्वेभर्वन्तुसुखिनः। सर्वेसन्तुननरामयाः। सर्वेभद्रानि पश्यन्तु। मा कनित्दुःि भाग्भर्वेत्॥ May All be Happy, May All be Free from Illness. May All See what is Auspicious, May all prosper with...
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ICAI elects New Torchbearers for the year 2021-22
Public Relations Committee The Institute of Chartered Accountants of India 12th February, 2021 PRESS RELEASE The Council of the Institute of Chartered Accountants of India (ICAI) today elected its new...
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ICAI advisory on use of social media by CAs & CA Students
ADVISORY Attention: All members and students The ICAI has always been making efforts to protect the interest of the profession as also the development of all stakeholders by taking a number of initiat...