RBI clarifies that its circular dated April 06, 2018 restricting dealing in Virtual Currencies (VC) is no longer valid from the date of the Supreme Court judgement, and therefore cannot be cited or quoted from. Banks may, however, continue to carry out customer due diligence. Reserve Bank of India RBI/2021-22/45 DOR. AML.REC 18 /14.01.001/2021-22 May […]
North India Regional Council (NIRC) of The Institute of Cost Accountants of India is organizing the Covid-19 vaccination drive for its members on 31 May 2021 in Delhi. The vaccination drive is for Institute members & their family members in the age group of 18 to 45 years, for the first dose of CovidShield. NIRC […]
Ministry of Finance Recommendations of 43rd GST Council meeting COVID-19 related medical goods including Amphotericin B for free distribution given full exemption from IGST upto 31.08.2021 Custom duty exemption also given to Amphotericin B Amnesty Scheme to provide relief to taxpayers regarding late fee for pending returns ; Late fee also rationalised for future tax […]
CA Madhur Zanwar Under: Aatmnirbhar Bharat Abhiyan 3.0 The salient features of the Atmanirbhar Bharat Rojgar Yojana are as under: √ Government of India will provide subsidy for two years in respect of new employees engaged on or after 1st October, 2020 and upto 30th June, 2021 in establishments employing upto 1000 employee for two […]
The Government Respects the Right of Privacy and Has No Intention to Violate it When WhatsApp is Required to Disclose the Origin of a Particular Message Such Requirements are only in case when the message is required for Prevention, Investigation or Punishment of Very Serious Offences related to the sovereignty and integrity of India, the […]
CA IPC Under Old Scheme, Intermediate Under New Scheme, Final Under Old & New Scheme of May 2021 Exam shall now commence from Monday, 5th July, 2021 across the globe. The detailed Schedule / Notifications for the said Examinations will be announced shortly.
Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) are applicable to Non-company entities to whom Ind AS are not applicable. For applicability of AS, the ICAI in 2004, prescribed the criteria classifying entities as Level I, Level II and Level III, wherein subsequently minor revisions were made. Level II and […]
The Income Tax Department is going to launch its new e-filing portal www.incometax.gov.in on 7th June, 2021. The existing portal of the Department at www.incometaxindiaefiling.gov.in would not be available to taxpayers as well as other external stakeholders for a brief period of 6 days i.e. from 1st June, 2021 to 6th June, 2021. Taxpayers would […]
Manpreet Singh Badal. Minister for Finance & Planning, Punjab has raised following critical concerns in his letter to Nirmala Sitharaman, Minister of Finance and Corporate Affairs – 1. Need GST with Heart Life-saving items for COVID-19 imposed Basic Custom Duties of upto 20% & GST upto 18%. 2. GST Implementation Committee (itself illegal) bypassing & […]
ICSI extends last date for payment of annual membership fee and certificate of practice (CoP) fee in FY 2021-22 from 30th June, 2021 to 30th September, 2021.
