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49.29 Lakh ITR Filed in a day without any Technical Issue- History Created

September 1, 2019 10410 Views 5 comments Print

Income Tax department made history with a quantum jump in the e-filing of Income–Tax Returns With an All time high record of 49 lakh 29 thousand and 121 ITRs filed in a single day on 31st August 2019. The Income Tax department has made history with a quantum jump in the e-filing of Income–Tax Returns […]

GST Revenue collection for August 2019 falls below One Lakh Crore

September 1, 2019 2769 Views 0 comment Print

GST Revenue collection for August, 2019 – ₹ 98,202 crore of total gross GST revenue collected in August The total gross GST revenue collected in the month of August, 2019 is ₹ 98,202 crore of which CGST is ₹ 17,733 crore, SGST is ₹ 24,239 crore, IGST is ₹ 48,958 crore (including ₹ 24,818 crore collected […]

ICAI President’s Message – September 2019

August 31, 2019 1302 Views 0 comment Print

My dear Professional Colleagues, While our Government has always been ready to take up all possible dynamic, innovative and futuristic measures to boost our national economy in the best interests of our nation, we Chartered Accountants are also equally committed towards our nation. We constantly keep playing on priority the desired role of partnersin- nation-building […]

CBI Conducts Nationwide Joint Surprise Checks in a Special Anti Corruption Drive

August 31, 2019 942 Views 0 comment Print

The Central Bureau of Investigation is today conducting a special drive on anti corruption work. Under this drive, more than 150 Joint Surprise Checks (JSCs) at various places of suspected corruption across the country are being undertaken in association with the Vigilance Officers of concerned Government departments, Ministries and organisations. Action is i in consonance […]

FM announces merger of Public Sector Banks

August 31, 2019 1332 Views 0 comment Print

Bank Merger 1) Unlocking potential through consolidation, big banks with enhanced capacity to increase credit and bigger risk appetite, with national presence and global reach 2) Punjab National Bank, Oriental Bank of Commerce, and United Bank to be merged together. 3) Canara Bank and Syndicate Bank to be merged together 4) Union Bank, Andhra Bank, […]

Order of Due date extension news is fake: CBDT

August 30, 2019 4959 Views 0 comment Print

It has come to the notice of CBDT that an order is being circulated on social media pertaining to extension of due dt for filing of IT Returns. It is categorically stated that the said order is not genuine.Taxpayers are advised to file Returns within extended due dt of 31.08.2019

CCI needs careful oversight on data to prevent amassing of power in one conglomerate

August 30, 2019 564 Views 0 comment Print

CCI needs careful oversight on data to prevent amassing of power in one conglomerate in market: NITI Aayog Vice-Chairman The usage of data by people in e-commerce needs a careful oversight as when combined with modern technology, it gives unprecedented market power to the platforms which can be used for benefits of consumers as much as […]

Draft Guidance Note on Division III to Schedule III to Companies Act 2013

August 30, 2019 4062 Views 0 comment Print

Exposure Draft of Revised Guidance Note on Division III – Non Ind AS Schedule III to the Companies Act, 2013 by Corporate Laws & Corporate Governance Committee ICAI ED/GN-Div-III/2019-2020/50 EXPOSURE DRAFT ON GUIDANCE NOTE ON DIVISION III TO SCHEDULE III TO THE COMPANIES ACT 2013 FOR NBFC THAT IS REQUIRED TO COMPLY WITH INDIAN ACCOUNTING […]

ICAI Requests extension of Form GSTR 9 / 9A /9C (Read Representation)

August 29, 2019 1794 Views 0 comment Print

ICAI Request for extension of Annual returns in Form GSTR 9 and GSTR 9A along with GST Audit Certificate in GSTR 9C from August 31, 2019 to November 30, 2019

CBI arrests an Appraising Officer of Customs in a bribery case

August 29, 2019 1764 Views 1 comment Print

The Central Bureau of Investigation has arrested an Appraising officer, Duty Drawback Section, Air Cargo Complex, Mumbai for demanding and accepting a bribe of Rs.10,000/- from the complainant.

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