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320 foreign companies registered in India between 2018 and 2021

July 27, 2021 549 Views 0 comment Print

A total of 320 foreign companies registered in the country during the last three years. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today.

Comprehensive measures taken to curb incidence of frauds in Banks

July 27, 2021 675 Views 0 comment Print

Ministry of Finance Comprehensive measures taken to curb incidence of frauds in Banks Posted On: 27 JUL 2021 As per the information received from RBI, the number of cases of frauds of Rs 500 crore and above reported by Public Sector Banks/ Indian Banks (Except Foreign Banks) / Select Financial Institutions are 79 cases in […]

72% of financial transactions of PSBs via digital channels

July 27, 2021 462 Views 0 comment Print

Nearly 72% of financial transactions of PSBs are now done through digital channels, with doubling of customers active on digital channels from 3.4 crore in FY2019-20 to 7.6 crore in FY2020-21, and the share of  financial transactions undertaken through home and mobile channels has increased from 29% in FY2018-19 to 76% in FY2020-21.

10 Govt initiatives for easing out corporate tax filing process

July 27, 2021 1545 Views 0 comment Print

Easing out the process of tax filing is an ongoing process and a number of measures have been taken in the past, as well as continue to be taken, to make the process of filing tax returns for all taxpayers, including corporates, faster, easier and more efficient.

New functionality on Annual Aggregate Turnover on GST Portal

July 27, 2021 14442 Views 2 comments Print

New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers. GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of Above or Upto Rs. 5 Cr. The […]

Anti-Dumping Investigation on imports of Rubber Chemical PX-13

July 26, 2021 2166 Views 0 comment Print

FINAL FINDINGS in Case No: OI 17/2020 | Anti-Dumping Investigation concerning imports of Rubber Chemical PX-13 from China PR, Korea RP and USA.

RTA inter-operable Platform for enhancing investors’ experience in Mutual Fund transactions / service requests

July 26, 2021 1053 Views 0 comment Print

In order to make it more convenient to the existing and future investors to transact and avail services while invested in Mutual Funds and pursuant to discussions with various stakeholders including AMFI, Depositories and the RTAs, the following has been decided:

HC accepts Plea against Denial of ITC to recipient for fault of supplier

July 26, 2021 4044 Views 0 comment Print

Federation of Indian Small Scale Battery Associations (Regd.) and Anr. Vs Union of India and ORS. (Delhi High Court) Here the main question to answer by the court is whether it can be permitted to deny ITC to recipient for the fault of supplier? Via this petition, challenge has been laid to the constitutional vires […]

ICAI reschedule one Paper of Foundation exam for absent students of few cities of Maharashtra

July 26, 2021 705 Views 0 comment Print

ICAI has been informed about the adverse weather conditions in the cities of Ichalkaranji, Kolhapur, Ratnagiri, Sangli and Satara. Due to exceptional natural calamities and circumstances beyond the control of the examinees of the entry level examination, it has been decided that an opportunity be given to the examinees who are absent in Foundation Examination, Paper – 1, Principles and Practice of Accounting only held on 24th July 2021

Re-Scheduled Time Table & Programme of CMA Foundation June 2021 Exams

July 26, 2021 591 Views 0 comment Print

Institute Of Cost Accountants Of India has decided to conduct June 2021 Foundation Examination through online mode using mobile / laptop / desktop /tab from their home only on 5th September, 2021

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