ICAI has released the Exposure Draft of Deferred Tax related to Assets and Liabilities arising from a Single Transaction - Amendments to Ind AS 12, Income Taxes. Comments on the same may be submitted by 25th October 2021.
Evidence found during the search clearly indicates concealment of income to the extent of about Rs. 17 crore. Several bank lockers found during the course of the search operation have been put under prohibitory orders.
Of the total 14.65 lakh net subscribers, around 9.02 lakh new members have come under the social security umbrella of EPFO for the first time. Around 5.63 lakh net subscribers exited but rejoined EPFO by changing jobs.
The Institute of Chartered Accountants of India has declared the results for the July 2021 CA Inter Exams. Read all about the pass percentage, toppers and topper's marksheet here.
Results of the Chartered Accountants Intermediate Examination (Old Course & New Course) held in July 2021 declared. Check your results now at icai.nic.in, caresults.icai.org or icaiexam.icai.org.
The Income Tax Department conducted a search and seizure operation at various premises of a prominent actor in Mumbai and also a Lucknow based group of industries engaged in infrastructure development
The Council of ICAI in its 405th meeting held on 17th September 2021 has decided that the time limit of generating UDIN would be 60 days from the date of the signing of certificates/reports/document instead of 15 days henceforth.
The States are required to transfer the grants to the ULBs within 10 working days of receipt from the Union Government. Any delay beyond 10 working days requires the State Governments to release the grants with interest.
Time limit for intimation of Aadhaar number to the Income tax Department for linking of PAN with Aadhaar has been extended from 30th September 2021 to 31st March 2022.
No deduction of tax shall be made on payment u/s 194A, namely payment in the nature of interest, other than interest on securities, made by a Scheduled Bank located in a specified area to a member of Scheduled Tribe residing in any specified area.