Advisory on the Treatment of various items of Cost in light of Covid-19 pandemic & their Presentation / Disclosures in form CRA 3 of The Companies (Cost Records & Audit) Rules 2014 relating to the Accounting Period ending March 31, 2021.
The grants are both for the Rural Local Bodies and Urban Local Bodies. Out of this, RLBs will get Rs. 2,660 crore and ULBs will get Rs. 1,948 crore. The grants have been released as per the recommendations of the 15th Finance Commission.
The Central Board of Direct Taxes have released the Income Tax (Eighth Amendment) Rules, 2021, in order to further amend the Income Tax Rules, 1962 and, have added a sub rule (3) after rule 6G of the Rules.
The Central Board of Direct Taxes has expanded the authorities of Director of Income Tax (Centralized Processing Centre), Bengaluru and Commissioner of Income-Tax (Exemption), Bengaluru under provisions of the Income Tax Rules, 1962.
The Institute of Chartered Accountants of India has extended the deadline for completion of the Orientation Course/IT Training by eligible Intermediate students on or before 31st May 2021.
ICAI has directed its branches to conduct the Soft Skills and IT course in either physical mode or virtual mode w.e.f 1st April 2021.
7.12 Crores E-Way Bills in March-2021. This is the highest number of e-way bills generated in any month during last three years’ journey of E-Way Bill system.
The annual membership fee and certificate of practice fee for the year 2021-22 has become due for payment w.e.f. 1st April 2021. The last date for the payment of annual membership fee and certificate of practice fee will be 30th June 2021.
Quarterly taxpayers are able to see the GSTR3B tile for Jan, Feb and Mar 21. They are requested to file GSTR 3B for the quarter Jan-Mar, 21 using tile for Mar, 21.
It has been decided by the Council of the Institute to grant an extension up to 31st May 2021 to complete the requirement of CEP Credit Hours for renewal of COP of the members for the year 2021-22.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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