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ICAI further extends Last Date For Waiving-Off Condonation Fees

July 2, 2021 2328 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 15966 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 870 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 2859 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 3801 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 4317 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 819 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)

Requirement of COVID-19 testing in live animals before importing into India

June 30, 2021 774 Views 0 comment Print

concerned Regional officers/Quarantine officers, Animal Quarantine and Certification Services (AQCS) will issue advance NOC/Final AQCS clearance for import of aforesaid animals into India after receiving negative COVID-19 test report (no more than 3 days old before export into India) in addition to other existing requirements in this regard.

No scientific evidences linking COVID19 vaccination with infertility

June 30, 2021 609 Views 0 comment Print

There have been media reports expressing concerns regarding infertility due to COVID-19 vaccination amongst population of reproductive age and whether COVID-19 vaccination is safe for lactating women.

Tax on Amount received for sale of specialized software & maintenance & support services under India Finland DTAA

June 30, 2021 996 Views 0 comment Print

Trimble Solutions Corporation Vs DCIT (ITAT Mumbai) We find that the issue involved in the present appeal i.e as to whether the payments received by the assessee from its distributor for sale of specialized software and maintenance and support services (including upgrades) could be held as “royalty” as per Article 12 of the India-Finland tax […]

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