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CBDT issues refunds of more than Rs. 2.62 lakh crore upto 31st March 2021

   01 April 2021 at 19:03

Central Board of Direct Taxes (CBDT) has issued refunds of more than Rs. 2.62 lakh crore to more than 2.38 crore taxpayers from 1st April, 2020 to 31st March, 2021.

Posted in Income Tax |   843 Views


ICAI President's Message - April 2021

   01 April 2021 at 19:00

CA. Nihar N. Jambusaria - President, ICAI's April 2021 message for members and students.

Posted in Professional Resource |   1335 Views


ICAI | CA Mukesh Kumar Jain joined as the new Secretary

   01 April 2021 at 18:46

CA. Mukesh Kumar Jain has joined as Secretary of the Institute of Chartered Accountants of India (ICAI) today on April 1, 2021. Previously, Shri Jain was heading Oriental Bank of Commerce as MD & CEO. 

Posted in Professional Resource |   2109 Views


Govt backtracks on notification to slash interest rates on small savings

   01 April 2021 at 10:52

Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021.

Posted in Income Tax |   1461 Views


CBDT | Faceless Appeal (Amendment) Scheme, 2021

   01 April 2021 at 05:54

The Central Board of Direct Taxes has released the Faceless Appeal (Amendment) Scheme, 2021 in order to further amend the Faceless Appeal Scheme, 2020.

Posted in Income Tax |   2253 Views


ICAI makes announcement regarding Temporary Exceptions to Hedge Accounting

   01 April 2021 at 05:46

Announcement providing Temporary Exceptions to Hedge Accounting prescribed under Guidance Note on Accounting for Derivative Contracts due to Interest Rate Benchmark Reform.

Posted in Professional Resource |   1740 Views


ICAI | Criteria for classification of Non-company entities for applicability of Accounting Standards

   01 April 2021 at 05:44

ICAI, in its 400th meeting held on March 18-19, 2021 has announced that the scheme for applicability of Accounting Standards to Noncompany entities shall come into effect in respect of accounting periods commencing on or after April 1, 2020.

Posted in Professional Resource |   13566 Views


ICAI constitutes Online Panel of Experts for Addressing Bank Branch Audit Related Queries for FY 2020-21

   01 April 2021 at 05:41

ICAI, with a view to support their members for fast resolution of their queries, has decided to offer online support to the members from April 1st, 2021 till April 15th, 2021 for the bank branch audits for the year ended 31st March 2021.

Posted in Audit |   1944 Views


GST Changes w.e.f 1st April 2021

   01 April 2021 at 05:39

Changes brought in GST with effect from 1st April 2021 has been listed here.

Posted in GST  12 comments |   35490 Views


New Eform INC-6 now available for filing

   01 April 2021 at 05:38

Eform INC-6 revised as per Companies (Incorporation) Second Amendment Rules, 2021 is now available for filing.

Posted in Corporate Law |   2001 Views