CBDT Clarification on Fund Managers Remuneration u/s 9A(3)(m)
CBDT has clarified the issue of amount of fund managers remuneration prescribed under section 9A(3)(m) of the Income Tax Act, 1961, vide Circular 01/2021 dt. 15th January 2021.
CA Nitin Jain Delhi arrested: ITC Fraud of Rs. 14.30 crores
CA Nitin Jain Delhi has been arrested for arranging/ providing fake bills/ invoices aggregating Rs. 79.5 crores on commission basis, resulting into ITC Fraud of Rs. 14.30 crores.
IT Search in Kolkata: Undisclosed Income Rs. 450 crores detected
Income Tax Department conducts search and survey on a Kolkata based business group, detects undisclosed income of above Rs. 450 crore, seizes unaccounted cash of Rs.1.58 crore.
CBDT directions for Faceless Penalty Scheme, 2021
CBDT issues directions for implementation of Faceless Penalty Scheme, 2021, vide Notification 03/2021 dt. 12/01/2021.
Faceless Penalty Scheme, 2021 notified by CBDT
CBDT notifies the Faceless Penalty Scheme, 2021, applicable w.e.f. 12 Jan. 2021, vide Notification 02/2021 dt. 12/01/2021, for certain cases/ class of penalties.
ICAI Results: Certificate Course on Ind AS held on 27/12/2020
ICAI has announced the Result of Online Examination for Certificate Course on Ind AS held on 27th December 2020.
MSME Mentorship Programme & 100 Facilitation Centers for MSME/ GST, launched by ICAI
ICAI has launched the MSME Mentorship Programme & 100 Facilitation Center (Sahayata Kendra) for MSME/ GST, during the National Conclave on Empowering MSMEs towards Aatmaniarbhar Bharat.
ICAI Clarification on Auditor Sharing Client Information with Credit Rating Agencies
ICAI has clarified about the Statutory Auditor's feedback or sharing of information on the client company with the Credit Rating Agencies (CRAs).
ICAI Announcement 04/01/2021: CPE Hours Compliance Deadline Extended
ICAI has extended the deadline of Mandatory CPE Hours Compliance for the calendar year 2020, from 31/12/2020 to 31/01/2021, vide Announcement dt. 04/01/2021.
Gutkha Manufacturer arrested for GST evasion of 831.72 cr
Gutkha Manufacturer arrested for GST evasion, of Rs. 831.72 crore, who was involved in manufacture of gutkha without any registration and supply thereof without issuing invoice.