ICAI Elections 2021: Scheduled to be held on 03/12/2021 & 04/12/2021
ICAI Elections 2021 for the Council and the Regional Councils are scheduled to be held on 03/12/2021 in cities having more than 2500 members and on 04/12/2021 at all …
Author: KEWAL GARG
Completion of Age of 60/ 80 for Senior/ Very Senior Citizen Status Benefit under Income Tax
As per CBDT clarification, an individual born on 1st April would complete each year of his age on 31st March, i.e. for FY 2020-21 (AY 2021-22), the date of …
Clauses 30C (GAAR)/ 44 (GST) of Revised 3CD further extended upto 31/03/2022: CBDT Order 5/2021
CBDT further defers the reporting requirements relating to Clauses 30C (GAAR)/ 44 (GST) of revised Tax Audit Report Form 3CD, upto 31/03/2022, in view of COVID 19 pandemic.
MCA notifies the Companies CSR Policy Amendment Rules 2021
MCA notifies the Companies (Corporate Social Responsibility (CSR) Policy) Amendment Rules, 2021.
MCA Clarification on Holding AGMs using VC/ OAVM upto 31/12/2021
MCA clarifies that where AGMs were due to be held in 2020 or becomes due in 2021, the companies can conduct the same upto 31/12/2021 using VC/ OAVM.
Fundamental Accounting Assumptions: Going Concern, Consistency & Accrual
Financial Statements are prepared based on certain assumptions which are neither disclosed nor required to be disclosed, so they are called Fundamental Accounting Assumptions, like Going Concern, Consistency & …
CAG Empanelment for PSU Audits (2021-22) by CA Firms/ LLPs
Applications are invited from CA Firms/ LLPs for CAG empanelment, i.e. as Auditors of Public Sector Undertakings (PSUs), for Financial Year (FY) 2021-22.
CBDT’s Tolerance Limit for Transfer Pricing (92C ALP) for AY 2020-21
CBDT notifies the price variation tolerance limits for ALP determination under transfer pricing, in respect of AY 2020-21.
CPE Hours Requirements for ICAI Members: Rolling period of 3 Years (Block 2020-2022)
ICAI's revised CPE Hours requirements for Members, based on their age, COP holding, residential status, etc. along with exemption in certain cases, applicable for the current rolling period/ block …
Revised Interest Rates for Small Saving Schemes FY 2019-20/ 2020-21 (NSC, PPF, KVP, SSAS, SCSS)
Govt. has notified the revised/ reduced interest rates for Small Saving Schemes (NSC, PPF, KVP, SSAS, SCSS, etc.) in respect of Q1 of FY 2020-21 (1 April to 30 …