ICAI has extended the date for completion of ICITSS for provisionally registered students through Direct Entry Route. These students are now allowed to start their practical training before 15.08.2021 and complete their ICITSS before 31.10.2021.
Income tax refunds of Rs. 14,241 crore have been issued in 21,38,375 cases & corporate tax refunds of Rs. 33,078 crore have been issued in 1,22,511 cases.
ICSI has clarified that there will be no change in CS exams and the same will be held on 20th August 2021 only, as per the time table hosted on the institute's website. As such, there is no change in the time table announced earlier.
ICAI has released the Exposure Draft of Revised AS 105, Non-Current Assets Held for Sale and Discontinued Operations. Comments on the same may be sent electronically or via email or post so as to reach the institute by 14th September 2021.
ICAI, with regard to the Chartered Accountants (Amendment) Regulations, 2021 dated 8th July 2021, has notified a Revised Form 18 to facilitate the formation of Multi-disciplinary Partnership Firm of CAs in Practice.
The Public Enterprises Survey 2019-20 has been laid in the Lok Sabha on 6th August 2021 and in the Rajya Sabha on 9th August 2021 respectively. As per the PE Survey 2019-20 as on 31st March 2020, there are 256 operational CPSEs.
The CGST Commissionerate, Faridabad, Haryana has arrested two Directors of M/s. F2C Wellness Pvt. Ltd., Faridabad on charges of illegally availing and passing on input tax credit (ITC) by issuance of invoices without supply of goods.
Nearly 72% of financial transactions of Public Sector Banks (PSBs) are now done through digital channels, with customers active on digital channels having doubled from 3.4 crores in FY 2019-20 to 7.6 crores in FY 2020-21.
Ministry of Corporate Affairs vide notification dated 24.03.2021 has amended Schedule III to the Companies Act, 2013 effective from 01st April 2021 to mandate various disclosures by companies in their financial statements.
The Institute of Chartered Accountants of India has announced the schedule for Nov / Dec 21 CA Foundation, Inter and Final Exams, and the same will be conducted from 5th December 2021 to 20th December 2021.
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