MCA has clarified that spending of CSR funds directly or through a pooling of resources for ‘creating health infrastructure for COVID care', 'establishment of medical oxygen generation and storage plants' etc. are eligible CSR activities.
Income tax refunds of Rs. 5,047 crore have been issued in 11,51,408 cases & corporate tax refunds of Rs. 10,392 crore have been issued in 21,487 cases.
At the RBI, we stand in battle readiness to ensure that financial conditions remain congenial and markets continue to work efficiently. We are committed to go unconventional and devise new responses as and when the situation demands, says RBI Governor.
The government has granted waiver from payment of interest/late fee to normal & composition taxpayers and has granted relaxation to normal and quarterly taxpayers in filing Form GSTR-3B, and relaxation in filing Form CMP-08 for composition taxpayers.
The Institute of Company Secretaries of India has decided to conduct one more repeat Mock Test for candidates (absentees only) on 5th May 2021 so that they get familiar with the test before appearing in the CSEET scheduled on 8th May 2021.
ICAI has announced the Online Examination, together with a Mock Test of the 'Certificate Course on Ind AS’. The examination is only for those members who have completed at least 80% of course attendance either in the physical or the online session.
CBDT has released the Income-tax (14th Amendment) Rules, 2021 under which conditions have been specified wherein an eligible foreign investor is not required to quote Aadhaar/Enrollment ID for filing of an ITR u/s 139A.
CBDT has notified pension funds namely Caisse de dépôt et placement du Québec, Ivanhoe Logistics India Inc and CDPQ Fixed Income XI Inc as specified persons u/s 10(23FE) of the IT Act via Notification No's - S.O. 1732(E), S.O. 1734(E) and S.O. 1735 (E).
The Accounting Standards Board (ASB) of ICAI with the aim to provide an opportunity to the various stakeholders in India to raise their concerns at the initial International Standard-setting stage itself, invites comments from the public.
In order to mitigate the hardship, the Peer Review Board of ICAI has decided to grant an extension to the Peer Review Certificates expiring during the period from 1st April 2021 to 30th June 2021 up to 31st July 2021.
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