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CMA December 2020 term exam result likely on 29th March 2021

March 19, 2021 513 Views 0 comment Print

The results of the Intermediate and Final Examination of December 2020 term will be declared on Monday, the 29th March, 2021 and the same can also be accessed by the candidates on the official website of the Institute www.icmai.in.

Income Tax Dept searches Haryana based real estate real estate group

March 18, 2021 846 Views 0 comment Print

The Income Tax Department carried out search on 17.03.2021 on a group engaged in the business of real estate, housing, hospitality and retail liquor trade. The search operation was carried out at 12 different premises located in Samalkha, Gurugram, Rohtak and Panchkula.

CCI order against 3 suppliers for rigging bids in tender of Pune Zilla Parishad

March 18, 2021 303 Views 0 comment Print

The Competition Commission of India (CCI) has found an agreement between three suppliers, to rig the bids in respect of a tender floated by Pune Zilla Parishad for procurement of Picofall-cum-Sewing Machine, in contravention of the provisions of Section 3(1) read with Section 3(3)(d) of the Competition Act, 2002, which prohibits anti-competitive agreements.

MCA notifies amendment in Section 149 & 197 of Companies Act 2013

March 18, 2021 30141 Views 0 comment Print

MCA notifies amendment in Section 149(9) (Remuneration of Independent Director In case of absence or inadequate profits) & 197 (Overall Maximum Managerial Remuneration and Managerial Remuneration in Case of Absence or Inadequacy of Profits) of Companies Act 2013 by notifying section 32 & 40 of Companies Amendment Act, 2020 with effect from 18.03.2021. A. Amendment […]

No proposal for scrutiny of GST assessment in a faceless mode

March 18, 2021 5721 Views 0 comment Print

In a tweet Anurag Thakur, MoS for finance has clarified that there is No such proposal for scrutiny of GST assessment in a faceless mode is under consideration of the government presently as the GST laws and rules made thereunder already provide for electronic filing and assessment of returns on the common portal,With regard to […]

Remuneration Limit for non-executive/independent director notified

March 18, 2021 12099 Views 0 comment Print

MCA notifies maximum Remuneration payable by companies having no profit or inadequate profit to other director or directors (non-executive director or an independent director) by amending Schedule V of the Companies Act, 2013. Earlier the limit was only for managerial person. Also Read-MCA notifies amendment in Section 149 & 197 of Companies Act 2013 Government […]

e-Way Bill – 3 Updates from 17th March 2021

March 18, 2021 47382 Views 19 comments Print

 Latest Updates: 17/03/2021 1. e-Way Bill cannot be generated with only SAC codes(99) for Services, minimum one HSN code belonging to Goods is mandatory. 2. Vehicle type ODC is provisioned for transport mode ‘Ship’ 3. Transporters are provided with Report of e-Waybills based on assigned Date.

Clarification on continuation of concessional rate of tax on interest income of FPIs

March 17, 2021 483 Views 0 comment Print

CBDT issues clarification on continuation of concessional rate of tax on interest income of FPIs. It has been clarified that the concessional rate of 5% will continue to be applicable on certain interest income of FPIs. Press release issued on the same today. Ministry of Finance Clarification on continuation of concessional rate of tax on […]

Manual Processing of declaration under SVLDRS, 2019

March 17, 2021 1068 Views 0 comment Print

Manual processing of declaration filed under SVLDRS, 2019 in order to comply with the directions of the Hon’ble High Courts to the concerned Designated Committee for fresh decision

Online Facility by ICAI to update Email ID, Mobile & Address

March 17, 2021 85605 Views 10 comments Print

If you intend to update your Professional Address, Correspondence Address, and / or Email / Mobile number, you may do so by using the ‘Profile Edit Form’ in SSP. For us to reflect your name correctly in the List of Members and List of Firms (if you are also a partner). Login to SSP at […]

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