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ICSI denies news of declaration of results on 25th August 2021

August 26, 2021 1167 Views 0 comment Print

Please avoid all fake news of declaration of results on 25th August, 2021.ICSI will announce the date of result of CS Executive & Professional Examinations, held in August, 2021. Screenshot of ICSI  tweet on 25.08.2021

Restriction on filing of GSTR-1/IFF for default in filing of GSTR-3B

August 26, 2021 16056 Views 0 comment Print

From 01/09/2021 Registered person shall not be allowed to furnish FORM GSTR-1/IFF If he has not furnished FORM GSTR-3B for preceding 2 months (Non QRMP) OR If he has not furnished FORM GSTR-3B for preceding quarter (QRMP). Implementation of Rule-59(6) on GST Portal Date : 26th August 2021 1. Rule-59(6) of CGST Rules, 2017; inserted […]

Should You Invest A Lumpsum in ELSS?

August 26, 2021 4374 Views 1 comment Print

When you dedicate a lump sum amount in ELSS tax-saving mutual funds, you buy mutual fund units which is worth the investment amount at the then prevailing NAV of mutual funds or net asset value of the fund. As a result, the earnings earned is heavily depended on on the appreciation of the NAV of your fund.

348 companies fail to meet criteria for declaration as Nidhi company

August 25, 2021 1413 Views 1 comment Print

Government cautions stakeholders as 348 companies fail to meet requisite criteria for declaration as Nidhi company under Companies Act 2013 and Nidhi Rules 2014 Under section 406 of the Companies Act, 2013 (CA, 2013) and Nidhi Rules, 2014 (as amended), companies incorporated as Nidhi Companies need to apply to the Central Government in form NDH-4 […]

Top-5 Factors to Evaluate Before Opening a Fixed Deposit Account

August 24, 2021 5403 Views 2 comments Print

Fixed deposit is the most popular investment instrument in India. Any Indian citizen can invest in fixed deposits and get assured returns. People usually invest in fixed deposits to fulfill significant financial goals like house construction, motor vehicle purchase, wedding, higher education, etc. A fixed deposit can also help you plan your retirement efficiently.

MoF Summons Infosys CEO to explain Income Tax portal glitches

August 23, 2021 2325 Views 0 comment Print

Ministry of Finance has summoned Sh Salil Parekh, MD & CEO, Infosys on 23/08/2021 to explain to hon’ble FM as to why even after 2.5 months since launch of new e-filing portal, glitches in the portal have not been resolved. In fact,since 21/08/2021 the portal itself is not available. Meanwhile Infosys has made three tweets […]

HC stays Section 263 order as Mandatory twin pre conditions were prima facie not fulfilled

August 22, 2021 1488 Views 0 comment Print

In view of above aspects, we find that a prima facie case has been made out by the petitioner. Considering the balance of convenience and irreparable loss that the petitioner may suffer, further process pursuant to the order dated 24.03.2021 under Section 263 of the IT Act shall remain stayed until further order(s).

Extension of last attempt to appear in CA Final & Intermediate old course exam

August 21, 2021 1356 Views 0 comment Print

The last attempt to appear in Final and Intermediate (IPC) old courses examination has been extended to November, 2021 for all the students of these courses (irrespective of their opting out of May 2021 examination cycle or not).

Empanelment of 39 officers for promotion to CCIT grade

August 21, 2021 3081 Views 0 comment Print

Empanelment of the following officers for promotion to the grade of Chief Commissioner of Income Tax (CCIT) in the Indian Revenue Service (Income Tax) in Level 16 in the Pay Matrix for the panel year 2021 w.e.f the date of assumption of the charge of the post and until further orders:

RTI reveals department rejects 90% applications for Section 80G/12A approval

August 20, 2021 19467 Views 1 comment Print

Reply to RTI application revealed that around 90% of the applications filed by NGO have been rejected for the reason best known to the Income-tax department Pune.

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