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Advisory to encourage Work-from-Home for Nursing Mothers

June 3, 2021 453 Views 0 comment Print

Government has issued an advisory to all the State Governments/UTs to encourage work-from-home for nursing mothers under the enabling provision for permitting work from home for nursing mothers under the Section 5(5) of the Maternity Benefit (Amendment) Act, 2017.

Only an Ostrich would deny V shaped graph – Anurag Thakur to Chidambaram

June 3, 2021 3849 Views 2 comments Print

On 2nd June 2021 Former Finance Minister Mr. P. Chidambaram has criticized Union Government over implementation of GST and Twitted his ten point guide to understand GST  implementation.  In Reply to this Shri Anurag Thakur, Union Minister of State for Finance & Corporate Affairs has twitted his reply as follows:- Dear Sh P Chidambaram ji, […]

Exposure Drafts of Amendments to Ind AS 8

June 3, 2021 504 Views 0 comment Print

As you are kindly aware that the Indian Accounting Standards (Ind AS) are based on the IFRS Standards issued by the International Accounting Standards Board (IASB). In this regard, it may be noted that IFRS Standards are being issued/revised by the IASB from time to time.

Rent to wife of director for use of Bungalow for business purpose allowable

June 2, 2021 4455 Views 0 comment Print

M/s. Chandri Papers and Allied Products Pvt. Ltd. Vs ACIT (ITAT Mumbai) We find that assessee had taken property on lease for the purpose of its business. The said property is situated at Lonavala. The said property belongs to the wife of director of the assessee company. The property has been taken on lease based […]

Implementation timelines for processing of ASBA applications through UPI

June 2, 2021 501 Views 0 comment Print

SEBI had put in place measures to have a uniform policy to further streamline the processing of ASBA applications through UPI process among intermediaries/SCSBs and also provided a mechanism of compensation to investors.

Amendments in exemptions from GST on donation of covid relief materials

June 1, 2021 9567 Views 0 comment Print

It is important to note that exemptions have been given on import of only those items whose availability are not in adequate quantity in India, therefore, one may find masks, sanitizers, PPE kits, oximeter, thermometer, Test kit, etc. not been exempted from these taxes.

Appeal for review unlocking process in Delhi – Current unlock is meaningless : CAIT

June 1, 2021 255 Views 0 comment Print

We truly acknowledge and appreciate efforts of Delhi Government in handling the unprecedented second wave of Covid in Delhi which has left an indelible impression in the hearts and mind of the citizens of Delhi and also appreciate the process of unlocking Delhi initiated by you which we feel is proving to be futile exercise.

EPFO allows its members to avail second COVID-19  advance

June 1, 2021 621 Views 0 comment Print

To support its subscribers during the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance.

ICAI President’s Message – June 2021

June 1, 2021 1554 Views 0 comment Print

My Dear Professional Colleagues, India amidst the ongoing pandemic is audaciously moving forward by taking all possible measures to combat this lethal virus. The global pandemic has tuned into world’s blistering hotspot of pandemic with virulent whirlwind crippling the life. The second wave is very different from the first wave with exponential spread of disease […]

Sea Cargo Manifest and Transhipment (Third Amendment) Regulations, 2021

May 31, 2021 579 Views 0 comment Print

(1) These regulations may be called the Sea Cargo Manifest and Transhipment (Third Amendment) Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

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