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CESTAT directs original authority to decide refund claim after considering submission of Appellant

July 4, 2021 396 Views 0 comment Print

EYGBS (India) LLP Vs Commissioner of Central Tax (CESTAT Banglore) CESTAT find that the impugned order has rejected the refund claims on the grounds that the appellant has violated the condition at para 3(III)(a), 3(III)(d) and Rule 5 of SEZ Notification No.12/2013-ST dt. 01/07/2013. Further, I find that the appellant has SEZ units as well […]

Section 80IB deduction eligible on Sum Received as ‘On-Money’ on Flat Bookings

July 2, 2021 1428 Views 0 comment Print

Surana Mutha Bhasali Developers Vs ACIT (ITAT Pune) The doctrine of approbate and reprobate does not allow the Department to blow hot and cold in the same breath, thereby accepting one consequence arising from the statement of the assessee while rejecting the other one. When the assessee made a surrender with the clear backdrop of […]

PM greets Chartered Accountants on CA Day

July 2, 2021 1287 Views 0 comment Print

Greetings to all Chartered Accountants on CA Day. This community has a vital role in India’s progress. I call upon all CAs to keep the focus on excellence so that Indian firms emerge as one of the best globally.

ICAI further extends Last Date For Waiving-Off Condonation Fees

July 2, 2021 2199 Views 0 comment Print

Members & Students Services Directorate The Institute of Chartered Accountants of India 2nd July, 2021 Important Announcement Further extension of the last date for Waiving-off Condonation Fees due to late filing of various application forms related to Students and Articled Assistants, amidst COVID-19 Pandemic Amid the current situation arising out of Covid-19, it is observed […]

ICAI announces Opt Out option for July 2021 CA Exams

July 2, 2021 15525 Views 0 comment Print

An Examinee shall be entitled to exercise the option of opting out if he/she personally, or any of his/her family member (residing at the same premises), has suffered COVID-19 in the recent past i.e. on or after 15th April 2021 and the fact is so certified by a Registered Medical Practitioner,

Shri Piyush Goyal calls upon CAs of country to think big & scale up

July 1, 2021 630 Views 0 comment Print

Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution Shri Piyush Goyal today called upon the Chartered accountants of the country to think big and scale up to the global levels.

Reg. Certificate of Inspection from EIA/EIC for export of Rice

July 1, 2021 2589 Views 0 comment Print

The Notification No. 51/2015-2020 dated 29.12.2020 is amended to the extent that export of Rice (Basmati and Non-Basmati) to EU member states and other European Countries namely Iceland, Liechtenstein, Norway and Switzerland only will require Certificate of Inspection from EIA/EIC. Export to remaining European countries (except Iceland, Liechtenstein, Norway and Switzerland) will require Certificate of […]

Interest rates for Small Savings Schemes for 01.07.2021 to 30.09.2021

June 30, 2021 3309 Views 0 comment Print

The rate of interest on various Small Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on 30th September, 2021 shall remain unchanged from the current rates applicable for the first quarter (1st April, 2021 to 30th June, 2021) for FY 2021-22.

Transfer/postings in the grade of Pr. CIT/Pr. DGIT of 19 Officers

June 30, 2021 4026 Views 0 comment Print

Office Order No. 166 of 2021| Dated: 30.06.2021 On promotion, the transfer/postings of the following officers in the grade of Pr. Chief Commissioner of Income Tax/Pr. Director General of Income Tax, are hereby ordered with immediate effect and until further orders:

Cabinet approves Loan Guarantee Scheme for Covid Affected Sectors

June 30, 2021 585 Views 0 comment Print

Cabinet approves Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) and to enhance the corpus of Emergency Credit Line Guarantee Scheme (ECLGS)

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