News & Updates

The Income Tax Department carried out search and seizure operationson 10.11.2021 on two groups, one engaged in real estate and hospitality and the other, a

Examination DepartmentThe Institute of Chartered Accountants of India 13-CA (Exams)/Observer Empanel /December-2021 21st October 2021 IMPORTANT ANNOUNCEMENT SUB: RE-OPENING OF ONLINE EMPANELMENT OF MEMBERS TO

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUECENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Gr. Floor, Hudco Vishala Building,Bhikaji-Cama Place, New Delhi-110066Dated: 2021. ToAll

The blocking of E way bill generation facility had been temporarily suspended by Government on account of Covid pandemic. In terms of Rule 138 E

The provisional payroll data of EPFO published on 20th September, 2021 reveals that EPFO has added around 14.65 lakh net subscribers during July, 2021. The

In order to reduce edible oil prices, Centre reduces the standard rate of duty on Crude Palm Oil, Crude Soyabean oil and Crude Sunflower Oil

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 10th September, 2021 PRESS RELEASE CBDT issues clarification regarding carry forward of

Rs. 1,12,020 crore of gross GST revenue collected in August The gross GST revenue collected in the month of August 2021 is Rs. 1,12,020 crore of which

FAQ on New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers GSTN has implemented a new functionality on taxpayers dashboards with

Implementation of Rule-59(6) on GST Portal 1. Rule-59(6) of CGST Rules, 2017; inserted vide Notification No. 1/2021 dated 1st January 2021, provides for restriction in

Ease of doing business & Custom Audit All about HSN code in GST Retrospective effect of Income Tax act 1961 – retray Tax updates, Notifications

The following are the New Updates On GST Portal Taxpayers have now been provided the facility to view/download Electronic cash or Credit ledgers for a

General Circular No. 14 /2021 E-file no.CSR-05/01/2021-CSR-MCAGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ WingShastri Bhawan, Dr. R.P. RoadNew Delhi-110001.Dated: 25th August 2021 To,All

2 held by CGST Officials for Input Tax Credit fraud of more than Rs 10 crore: The CGST Commissionerate, Faridabad, Haryana has arrested two Directors

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 3rd August, 2021 PRESS RELEASE CBDT extends due dates for electronic filing

GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: 1. The taxpayers can now see the exact Annual Aggregate Turnover (AATO)

About Sustainability Reporting Standards Board of ICAI Sustainability Reporting Standards Board (SRSB) of ICAI has the mission to formulate comprehensive, globally comparable, and understandable standards

The income tax department conducted a Search operation in the State of Telangana and released the below press release. The income tax search details are

The Institute of Chartered Accountants of India (ICAI) has released a Guidance Note on Accounting for Derivative Contracts (Revised 2021) of July, 2021 edition with

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 05th July, 2021 PRESS RELEASE Sub: CBDT grants further relaxation in electronic

Ref. No. G/128/6/2021 28th June, 2021 NOTIFICATION Sub: Course Fee Waiver Scheme for CMA Students who lost earning parent/guardian due to COVID-19 The Council has

In view of ongoing strict lockdown and accompanying restrictions in Nepal, it has been decided that July 2021 examinations for the Final [Old as well

Govt extends the time limit for various compliances under Direct Tax & Benami Laws.

ICSI has announced one more attempt for the Executive and Professional students of 2012 old syllabus due to COVID-19.

ICSI has released the announcement for carry forward of June’20 fee to Dec’20. Window for opting for such change will be available from 20th June’20

FAQ’s relating to Opt-Out scheme of May’2020 examinations are released by ICAI.

ICAI may soon release FAQ relating to the Opt-out scheme for the students of May 2020 examinations.

MCA has relaxed time limit for filing forms related to the creation or modification of charges under Companies Act, 2013.

MCA has extended the date for holding EGM through Video Conferencing (VC) or Other Audio Visual Means (OAVM) or transact items through postal ballot upto

CBDT notifies new Form26AS pursuant to Budget 2020-21 to be effective from 1.6.2020.

Income Tax: New ITR(Income Tax returns) Forms 1 to 7 for AY 2020-21 (i.e. FY 2019-20) for filing Income Tax Returns has been notified by

Now getting an ePAN is quick and easy. Just visit the e-filing portal of the IT department (https://www.incometaxindiaefiling.gov.in/home) to generate your e-PAN within minutes. Check

CBDT issued a clarification on prescribed electronic modes under section 269SU of Income Tax Act, 1961. Circular is given below:

Hon’ble FM Smt. Nirmala Sitaraman as a part of Atma Nirbhar Bharat Abhiyan has announced a reduction in TDS rates on non-salaried payments to Residents

Aatma Nirbhar Bharat Abhiyan – Key Changes in Direct Taxes