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List of Nominations received by ICAI for 2021 Election

September 24, 2021 1734 Views 0 comment Print

Details of region-wise Members whose nominations have been received, within the appointed time and date i.e. 6:00 p.m. on 22nd September, 2021 at the designated location, for contesting the Election to the Twenty Fifth Council and Twenty Fourth Regional Councils schedule to be held in December, 2021 are given herein below for information of all concerned.

Representation for investigation of Amazon under Foreign Corrupt Practices Act

September 24, 2021 738 Views 0 comment Print

Per our understanding of the FCPA, we understand that it has an extra territorial jurisdiction and it is unlawful for any enterprise authorizes the bribing of foreign government officials to obtain or retain business even outside USA i.e. there is an embargo to make corrupt payments.

One arrested in Haryana for ITC fraud of Rs. 35 Crores in GST

September 24, 2021 2814 Views 0 comment Print

The total turnover of the firms of the accused is approximately Rs. 400 Crores and amount of GST fraud committed by the firm was to the tune of Rs. 35 Crores. Recovery of Rs. 5 Crore approx. has also been made including blocking of ITC of Rs. 1.2 Crore.

Over 1.5 crore Income Tax Returns Filed : Infosys

September 23, 2021 4584 Views 11 comments Print

During the month of September, on average, more than 15 lakh unique taxpayers have logged into the portal, daily, and over 1.5 crore returns have been filed till date.

CAIT request Karnataka Govt to not to ban online Indian games

September 23, 2021 864 Views 0 comment Print

Game of chance is pure gambling and should be rightfully banned. However, by including games of skill in the ambit of the bill, it has not only gone against established jurisprudence by the Ho’ble Supreme Court and Karnataka High Court but threatens the thriving Indian gaming startup sector.

Patent Fees For Educational Institutions Reduced by 80%

September 23, 2021 603 Views 0 comment Print

Benefits related to 80% reduced fee for patent filing & prosecution have been extended to Educational institutions as well. Centre has notified the amendments to the Patents Rules in this regard.

Startup India ecosystem get big boost by DPIIT

September 23, 2021 582 Views 0 comment Print

The aim of the initiative is to foster entrepreneurship on the ground. The activities/programs conducted by the above states in association with Startup India consist of diverse programs, launch of key initiatives, inaugural of startup summits, and launch of startup policies, etc. The programs under the Azadi Ka Amrit Mahotsav Week will have a long-lasting impact on the entire startup ecosystem of India.

Government e Marketplace bags prestigious CIPS Award

September 23, 2021 627 Views 0 comment Print

Government e Marketplace (GeM) was announced as the winner in the Best Use of Digital Technology category at the CIPS Excellence in Procurement Awards 2021 (CIPS Awards).

CBDT releases ITR 6 Schema Changes for AY 2021-22

September 23, 2021 7131 Views 0 comment Print

Income Tax Department Government of India Central Board of Direct Taxes, e-Filing Project AY 2021-22 – ITR 6 – Schema Change Document Version 1.1 21 September 2021 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor Jhandewalan Extension New Delhi – 110055 Document Revision List Document Name: ‘ITR 6 Schema Changes for AY 2021-22’ […]

DRI seizes 3004 kg of Heroin at Mundra – arrest of eight persons

September 23, 2021 882 Views 0 comment Print

In its continued crackdown on smuggling of Heroin into India,Directorate of Revenue Intelligence (DRI) detained two containers on 13.09.2021for examination that had arrived at Mundra Port from Kandhar, Afghanistan via Bandar Abbas, Iran.

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