In the recent years, the Government has taken a number of measures to bring back the black money stashed abroad 'The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015'.
GoI has awarded Appreciation Certificates, on the eve of completion of 4 years of GST, to 54,439 taxpayers who have made substantial contribution in payment of GST and filed their returns in a timely manner.
Due to the adverse weather conditions in Ichalkaranji, Kolhapur, Ratnagiri, Sangli and Satara, ICAI has decided to postpone the exam of CA Foundation Paper-1 for students who were unable to take the exam on 24th July 2021.
While witnessing the 161st Income Tax Day on 24th July 2021, Finance Minister Nirmala Sitharaman felicitated the Income Tax Department and said that "principles of equity, justice and fairplay in tax administration permeate our tax policy even today."
MCA has announced that the provisions relating to Rectification of name of Company as per the Companies (Amendment) Act, 2020 and insertion of Rule 33A in Companies (Incorporation) Rules, 2014, will come into effect from 1st September 2021 onwards.
ICAI has announced that CARO 2016 will be applicable for CA examinations that will be conducted in November 2021 for students who are appearing for CA Inter and Final Exams and students of the old course who opted out of the July 2021 CA Exams.
The Institute of Cost Accountants of India has postponed the June 2021 CMA Foundation, Inter and Final Exams. The Foundation exams will now commence from 5th September 2021, and the Inter and Final exams from 21st October 2021.
The net effect of the amendments carried out to the Customs Brokers Licensing Regulations, 2018 and Sea Cargo Manifest and Transhipment Regulations, 2018, is that the existing licenses/registration would have a lifetime validity.
The 161st anniversary of Income Tax Day was observed by the Central Board of Direct Taxes and all its field offices across India on 24th July 2021. As part of the observance, the field formations held a range of activities.
Make in India initiative has made significant achievements and presently focuses on 27 sectors under Make in India 2.0. Startup India initiative generates more than 26000 employment in Tamil Nadu in three years.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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