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Government cautions stakeholders as 348 companies fail to meet requisite criteria for declaration as Nidhi company

   24 August 2021 at 17:53

Companies have been applying to the Central Government for declaration as Nidhi under the CA, 2013 but of the 348 number of forms scrutinized upto 24.08.2021 not a single company could satisfy the requisite criteria for the same.

Posted in Corporate Law |   1818 Views


FM Nirmala Sitharaman sets 15th September as deadline for Infosys to resolve issues in the new IT Portal

   23 August 2021 at 21:08

The Finance Minister demanded that the issues faced by taxpayers on current functionalities of the portal should be resolved by the team by 15th September, 2021 so that taxpayers and professionals can work seamlessly on the portal.

Posted in Income Tax  6 comments |   9750 Views


ICSI requests MCA for extension of timeline for holding Annual General Meeting due to COVID-19

   23 August 2021 at 06:32

ICSI has written a representation letter to MCA to extend the timeline for holding of AGM for the year ended 31st March 2021 till 31st December 2021 so as to provide relief to all the companies and stakeholders, keeping in view the COVID-19 pandemic.

Posted in Corporate Law |   3369 Views


New IT Portal now live after emergency maintenance activity by Infosys

   23 August 2021 at 06:31

In a tweet, at around 9 pm on 22nd August 2021, the Infosys team revealed that the maintenance activity has now been completed and the portal is up and running again. 

Posted in Income Tax  7 comments |   10644 Views


FM Summons Infosys CEO to explain why glitches on the New IT Portal have not been resolved

   22 August 2021 at 17:16

Ministry of Finance has summoned Sh Salil Parekh, MD &CEO, Infosys on 23/08/2021 to explain to hon'ble FM as to why even after 2.5 months since launch of new e-filing portal, glitches in the portal have not been resolved.

Posted in Income Tax  2 comments |   5799 Views


ICMAI to conduct Model Exam for CMA Foundation students from 25th to 29th August 2021

   21 August 2021 at 07:18

ICMAI will be conducting an Online - Home Based Model Exam for CMA Foundation students, from 25th to 29th August 2021. Only Eligible candidates for the June 2021 Foundation course examination will be allowed to appear in this Model exam.

Posted in Exams |   3504 Views


ICAI amends Multipurpose Empanelment Form (MEF) - 2021-22 to make it comprehensive and more user friendly

   21 August 2021 at 07:17

ICAI is upgrading the Multipurpose Empanelment Form for FY 2021-22 to be filled by CA Firms and Members applying for Bank Audits and other assignments. The said form will now be comprehensive and more user friendly and will be made live in October 2021.

Posted in Professional Resource |   2115 Views


EPFO adds 12.83 lakh net subscribers in the month of June 2021

   21 August 2021 at 07:17

Of the total 12.83 lakh net subscribers, around 8.11 lakh new members have come under the social security coverage of the Employees’ Provident Funds Scheme for the first time. 48% of these additions are in the age group of 18-25 years.

Posted in Corporate Law |   1722 Views


CA Inter and Final Old Course Last Attempt Extended to November 2021 Exams

   20 August 2021 at 21:20

ICAI has extended the last attempt to appear in the CA Inter and Final Old Course Examination to November 2021 for all the students of these courses irrespective of their opting out of the May 2021 examination cycle or not.

Posted in Students  7 comments |   8838 Views


CBDT notifies new Rule 12AA

   20 August 2021 at 15:19

CBDT has released the Income-tax (24th Amendment) Rules, 2021 in order to amend the Income-tax Rules, 1962. Under the amended rules, a new Rule 12AA has been inserted after Rule 12A and a new Rule 51B has also been inserted after Rule 51A.

Posted in Income Tax |   7863 Views



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