CS Nagendra D Rao, President, The Institute of Company Secretaries of India, has been unanimously elected as the Vice-President of the Corporate Secretaries International Association (CSIA), for the year 2022.
In order to facilitate the strategic disinvestment, it has been decided that Section 79 of the Income-tax Act, 1961, shall not apply to an erstwhile public sector company which has become so as a result of strategic disinvestment.
The results of the Chartered Accountants Final Examination (Old Course & New Course) and Foundation Examination held in July 2021 are likely to be declared on Monday, 13th September 2021 (evening) / Tuesday, 14th September 2021.
The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 1,18,452 crore to 17 States in the financial year 2021-22. Out of this, an amount of Rs. 59,226.00 crore (50%) has been released so far.
The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st October 2021 is hereby further extended to 15th February 2022; and whose due date is 30th November 2021 is further extended to 28th February 2022.
Submission of Exam Enrollment request for December 2021 Session will commence only after declaration of Result of June 2021 Exam Session. The Enrollment process will be active at least 15 days from the date of announcement of the June 2021 Exam Result.
It is encouraging to note that over 94.88 lakh ITRs have also been e-verified, which is necessary for processing by the Centralized Processing Center. Of this, 7.07 lakh ITRs have been processed.
This MoU will lead to focus attention towards the exchange of knowledge and strengthen best practices in both jurisdictions including the application of new innovative methods and technologies in the field of accountancy.
ICAI has announced that students who have converted from earlier scheme to revised scheme from July 21, 2021, to August 20, 2021, are allowed to appear in the Old/New scheme Inter and Final (Old/New) in November 2021 examinations.
Persons who are mandatorily required to authenticate electronic records by digital signature shall be deemed to have authenticated the electronic records when they submit the record through their registered account in the Income-tax Department's portal.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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