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Steps taken by government to boost domestic demand

March 23, 2021 1701 Views 0 comment Print

It is a continuous endeavour of the Government to introduce schemes and reforms to promote Ease of Doing Business, increase investments & GDP growth and providing boost to domestic demand with the ultimate objective of ushering in an inclusive growth and well-being of all the sections of the society.

CBDT notifies CIT (Appeals) for cases under Black Money Act 2015

March 23, 2021 4719 Views 0 comment Print

Approval for notifying Commissioners of Income-tax (Appeals) to exercise jurisdiction over the cases under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015- reg.

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2021

March 23, 2021 1206 Views 0 comment Print

1. These regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.

5 Benefits of an exclusive loan for chartered accountants

March 22, 2021 28869 Views 1 comment Print

Today, many lenders offer exclusive loans for chartered accountants, which consider their financial standing and unique needs. The features of a CA loan include a high sanction, a long repayment tenor, and quick disbursal. They align themselves well with business goals such as expansion, software integration, upskilling, and recruitment, as well as with personal goals […]

ICAI declares CA Final & Foundation Exam Results

March 22, 2021 987 Views 0 comment Print

Results of the Chartered Accountants Final Examination (Old course & New Course) and Foundation Examination held in January 2021 declared. – Examination Department The Institute of Chartered Accountants of India 21st March, 2021 Results of the Chartered Accountants Final Examination (Old course & New Course) and Foundation Examination held in January 2021 declared. icaiexam.icai.org caresults.icai.org […]

Section 36(1)(va) with Section 43B

March 22, 2021 164847 Views 3 comments Print

Section 36(1)(va) with Section 43B Section 36(1) The deductions provided for in the following clauses shall be allowed in respect of the matters dealt with therein, in computing the income referred to in section 28— (va) any sum received by the assessee from any of his employees to which the provisions of sub-clause (x) of […]

Taxpayers are free to utilise ITC available in their credit ledger

March 21, 2021 32085 Views 5 comments Print

Unconfirmed reports have appeared in certain sections of the media that some GST officers are using unauthorised communication means such as phone calls, WhatsApp and messages asking taxpayers to discharge  ‘maximum tax liability’ in ‘cash’ in order to ensure that targets for revenue collection from GST  for the financial year are met.

Income Tax Department conducts searches builder in Mumbai

March 20, 2021 1611 Views 0 comment Print

The Income Tax Department carried out searches on 17.03.2021 in the case of a prominent builder and developer group based in Mumbai. Searches were also conducted in the case of dealers engaged in the business of trading of mobiles accessories. In all, 29 premises located in Mumbai were covered under search operation, while 14 premises were covered under survey action.

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

March 19, 2021 813 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 1029 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.

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