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RBI clarifies banks cannot prohibit dealing in cryptocurrency

   01 June 2021 at 06:33

RBI has issued a clarification for banks and the general public at large, stating that its earlier circular on the prohibition of usage of virtual currencies is no longer valid as the same was set aside by the Supreme Court on 4th March 2020.

Posted in Others |   9033 Views


CBDT member JB Mohapatra handed over the charge of Chairman

   01 June 2021 at 06:29

Upon completion of his tenure, here is the outgoing Chairman CBDT, Sh. PC Mody handing over the charge of Chairman, CBDT to Sh. JB Mohapatra, Member, CBDT, who will hold the charge in addition to his regular duties.

Posted in Income Tax |   1404 Views


Extension of ICSI ECSIN Amnesty Scheme 2021 till 15th June 2021

   01 June 2021 at 06:24

The Institute in view of the unprecedented conditions has decided to extend the ICSI ECSIN Amnesty Scheme 2021 till June 15, 2021.

Posted in Professional Resource |   1068 Views


Govt. exempts Amphotericin B used to treat Black Fungus from Customs Duty

   01 June 2021 at 06:19

The Finance Ministry on 31st May 2021 exempted the Customs Duty on "Amphotericin B" that is used to treat Mucormycosis, commonly known as Black Fungus, till 31st August 2021.

Posted in Custom |   1383 Views


CBIC notifies Ad hoc Customs Exemption on Imports of COVID-19 relief material Donated from Abroad

   01 June 2021 at 06:13

Earlier, this exemption was notified till 30th June 2021, however, considering the drastic impact of the second wave of the COVID-19 pandemic, the Central Government on 31st May 2021 extended the same to 31st August 2021.

Posted in Custom |   1404 Views


CBIC makes amendments vide Tariff Notification No. 49 /2021

   31 May 2021 at 22:41

Tariff Notification No. 49 /2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.

Posted in Custom |   1530 Views


Highlights of the Monthly Review of Accounts of Union GoI for the month of April 2021 for the FY 2021-22

   31 May 2021 at 19:05

GoI has received Rs. 1,47,991 crore (7.49% of corresponding BE 21-22 of Total Receipts) for April 2021 comprising Rs. 1,30,811 crore Tax Revenue (Net to Centre),  Rs. 16,808 crore of Non Tax Revenue and Rs. 372 crore of Non Debt Capital Receipts.

Posted in Others |   1050 Views


Highlights of the Accounts of the Union GoI (Provisional/Unaudited) for the FY 2020-21

   31 May 2021 at 19:04

GoI has received Rs. 16,89,720 crore (105.50% of corresponding RE 20-21 of Total Receipts) during 2020-21 comprising Rs 14,24,035 crore Tax Revenue, Rs. 2,08,059 crore of Non Tax Revenue and Rs. 57,626 crore of Non Debt Capital Receipts.

Posted in Others |   960 Views


ICMAI reschedules time table for Foundation, Intermediate and Final Course of June, 2021 Exams

   31 May 2021 at 18:57

In view of the present acute pandemic situation arising out of the spread of COVID-19, it is hereby notified for information of all concerned that the dates of conducting the June 2021 term of Examinations of ICMAI are being rescheduled.

Posted in Students |   6288 Views


EPFO allows its members to avail second non-refundable COVID-19 advance

   31 May 2021 at 18:56

Under this provision, non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to member's credit in the EPF account, whichever is less, is provided.

Posted in Corporate Law |   2424 Views