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Exposure Draft of revised AS 102, Share-based Payments
Accounting Standards Board The Institute of Chartered Accountants of India 9th July, 2021 Sub: Exposure Draft of Revised Accounting Standards for Public Comments The Indian Accounting Standards (Ind A...
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Cabinet approves MoU between ICoAl and ACCA, UK
Cabinet Cabinet approves Memorandum of Understanding (MoU) between Institute of Cost Accountants of India (ICoAl) and the Association of Chartered Certified Accountants (ACCA), United Kingdom (UK) Pos...
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Shri Pankaj Chaudhary takes charge as MoS in Ministry of Finance
Ministry of Finance Shri Pankaj Chaudhary takes charge as Minister of State in the Ministry of Finance Posted On: 09 JUL 2021 Shri Pankaj Chaudhary took charge as Minister of State in the Ministry of...
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New Functionalities on GST Portal (June, 2021)
New Functionalities made available for Taxpayers on GST Portal (June, 2021) 1 – Returns i. Moving the records saved in IFF, to later months of same Quarter, by taxpayers under QRMP Scheme The taxpayer...
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Upcoming functionalities to be deployed on GST Portal in July, 2021
Upcoming functionalities to be deployed on GST Portal for the Taxpayers in the month of July, 2021 As part of our constant endeavour to provide a smooth and hassle free experience to the taxpayers and...
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I-T Department detects artificial loss of approximately Rs. 1200 cr
Ministry of Finance Income Tax Department conducts searches in Hyderabad Posted On: 09 JUL 2021 3:04PM by PIB Delhi Income Tax Department carried out a search and seizure operation on 06.07.2021 on a...
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Reply to RTI on cost and tender process for new Income Tax portal
DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Cenite, Ground Moor, E-2, Jhandawalan Extension, New Delhi-110055 F. No. ADG(S)-3/ITO(S)-3/RTI/2020-21/ Name Address of the Applicant ***** Section Act under %...
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Relating Giloy to Liver Damage is completely Misleading
AYUSH Relating Giloy to Liver Damage is completely Misleading, Says Ministry of Ayush Posted On: 07 JUL 2021 10:02AM by PIB Delhi The Ministry of Ayush has noticed a media report based on a study publ...
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Modi Government creates a new Ministry of Co-operation
Cabinet Secretariat Modi Government creates a new Ministry of Co-operation Posted On: 06 JUL 2021 In a historic move, a separate ‘Ministry of Co-operation’ has been created by the Modi Government for...
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Full details of Cabinet Expansion by Govt on 07th July 2021
In this post we have given details of appointment and allocation of portfolios among the members of the Council of Ministers which includes Cabinet Ministers, Ministers Of State (Independent Charge) a...
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Freezing of Indian government assets in France by Cairn Energy
Ministry of Finance Posted On: 08 JUL 2021 1:07PM by PIB Delhi Response from Ministry of Finance on reports relating to freezing of Indian assets in France There have been news reports that Cairn Ener...
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CAIT requests Withdrawal of Notification Imposing Stock Limit on Pulses
In an important memorandum sent to Union Consumer Affairs Minister Shri Piyush Goel Confederation of All India Traders on 07th July, 2021 has urged the Govt to withdraw the latest notification putting...
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RTI reveals No Penalty from Infosys for GSTN Portal incompetency
Applicant has asked by RTI to GST Council that how much penalty received by the GST Council from Infosys from July 2017 to till date for non function and technical issue due to incompetency of GSTN Po...
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Rule 8AC Computation of short term capital gains & written down
CBDT inserts new Income Tax Rule 8AC -Computation of short term capital gains and written down value under section 50 where depreciation on goodwill has been obtained vide Notification No. 77/2021-Inc...
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TCS & TDS on Buying and Selling of Bullion & Jewellery
INDIA BULLION AND JEWELLERS ASSOCIATION LTD. Since 1919 Clarification on Applicability of TCS And TDS on Buying and Selling of Bullion & Jewellery In view of Circular No. 13 of 2021, dated 30/06/2021...
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Important QRMP Scheme Changes implemented on GST Portal
The CBIC introduced Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under GST to help small taxpayers whose turnover is less than Rs.5 crores. The QRMP scheme allows the taxpayers t...
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Relief measures announced due to Covid outbreak
& 25% Tax under Section 115BA on certain Domestic Companies Relief Measures Announced By Finance Minister DUE TO COVID-19 Outbreak India 2021 INCOME TAX PARTICULARS DUE DATE EXTENDED TO Filing of...
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ICAI signs MoU with Qatar Financial Centre (QFC)
The Institute of Chartered Accountants of India (Setup by an Act of Parliament) Public Relations Committee The Institute of Chartered Accountants of India 6th July, 2021 ICAI Press Release ICAI signs...
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₹ 92,849 crore gross GST revenue collected in June’ 2021
Ministry of Finance GST Revenue collection for June 2021 ₹ 92,849 crore gross GST revenue collected in June’ 2021 Posted On: 06 JUL 2021 The gross GST revenue collected in the month of June’ 2021 is₹9...
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Recall section 148 issued notice under old law after 31.03.2021
DTPA has made a representation to Finance Minister, Smt. Nirmala Sitharaman and requested for for recalling notices under section 148 issued as per old provisions after 31st March 2021. Full text of t...