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IT Department conducts searches on a popular chain of educational institutes in Maharashtra

   25 March 2022 at 08:36

The Income Tax Department carried out a search and seizure operation on 14.03.2022 on a popular chain of educational institutes, running several schools and colleges at multiple locations in India and abroad.

Posted in Income Tax  1 comments |   6726 Views


Parliamentary committee suggest formation of IIA to end CAs monopoly

   24 March 2022 at 13:28

THE CHARTERED ACCOUNTANTS, THE COST AND WORKS ACCOUNTANTS AND THE COMPANY SECRETARIES (AMENDMENT) BILL, 2021 

Posted in Career  14 comments |   37608 Views


CBDT issues refunds to more than 2.26 crore taxpayers from 1st April 2021 to 20th March 2022

   24 March 2022 at 12:31

CBDT issues refunds of over Rs. 1,93,720 crore to more than 2.26 crore taxpayers from 1st April 2021 to 20th March 2022.

Posted in Income Tax  1 comments |   1401 Views


ICAI extends last date to act as observers for May/June 2022 exams to 31st March 2022

   24 March 2022 at 08:37

It has been decided to extend the last date for online empanelment of members to act as observers at the examination centres for the chartered accountants’ examinations, May/June 2022, from 25th March 2022 to 31st March 2022.

Posted in Students |   6087 Views


IBBI | More than 4,000 cases admitted for corporate insolvency resolution process since FY 2016

   23 March 2022 at 08:57

359 cases resolved with realisable value of more than Rs 2 lakh crore for creditors

Posted in Corporate Law |   1332 Views


SFIO assigned 14 cases involving 95 companies in FY 2021-22

   23 March 2022 at 08:57

SFIO formed through a Government Resolution is an Investigating Agency under MCA, which was given statutory recognition under the Companies Act, 2013 (the Act)

Posted in Corporate Law |   1596 Views


IBBI admits 1060 cases into corporate insolvency resolution process in around 2 years

   23 March 2022 at 08:57

As per the information provided by Insolvency and Bankruptcy Board of India, in the years 2020-21 and 2021-22 (upto 31st December, 2021), 538 and 522 cases, respectively, have been admitted into the CIRP under the IBC 2016 

Posted in Corporate Law |   1605 Views


Assets worth Rs 19,111.20 crore of Vijay Mallya, Nirav Modi and Mehul Choksi seized

   23 March 2022 at 08:57

Cases pertaining to Vijay Mallya, Nirav Modi and Mehul Choksi who have defrauded Public Sector banks by siphoning off the funds through their companies which resulted in total loss of Rs. 22,585.83 crore to the public sector banks.

Posted in Income Tax |   8682 Views


More than 95% MSMEs benefitted under ECLGS

   23 March 2022 at 08:57

As informed by the National Credit Guarantee Trustee Company Limited, the agency which operates the ECLGS, as on 11.3.2022, a total of 117.87 lakh businesses have been supported

Posted in Corporate Law |   1722 Views


ICAI to introduce focused initiatives aimed at Inclusive Growth, Sustainable and Resilient Global Ecosystem and Digitisation

   23 March 2022 at 08:57

ICAI on Tuesday announced a series of initiatives aimed at further enhancing its mission of being a true partner in nation-building, empowering students and upholding "Independence, Integrity and Excellence" of the Chartered Accountancy profession.

Posted in Professional Resource |   3381 Views



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