The Union Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till November 30th, 2020, or till such time that an amount of Rs. 3 lakh crore is sanctioned under the Scheme, whichever is earlier, in view of the opening up of various sectors in the economy and the … [Read more...]
FAQs for Provisional Admission to Foundation Course
Board of Studies The Institute of Chartered Accountants of India 13th October, 2020 FAQs for Provisional Admission to Foundation Course Q-1: I am a Class XI student who passed class X recently. Am I eligible to register for the Foundation Course? Ans : Yes. Students after passing … [Read more...]
ICAI Allows Provisional Registration in CA Foundation Course after passing Class X Examination
With an aim to provide high quality education and keeping the future global business competencies in mind, the Institute of Chartered Accountants of India (ICAI) from time-to-time reviews its system of education and training to make it more contemporary & relevant to the global market. With the … [Read more...]
RBI cancels Certificate of Registration of Seven NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Office Address CoR No. Date of issue of CoR Date of … [Read more...]
Reserve Bank of India imposes monetary penalty on Jio Payments Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated October 28, 2020, a monetary penalty of ? 1 crore on Jio Payments Bank Limited (the bank) for non-compliance with RBI directions on timely submission of application in the case of reappointment of Managing Director and Chief Executive … [Read more...]
Income Tax Department conducts searches in Bihar
The Income Tax Department has carried out searches on 29.10.2020 in the cases of four prominent contractor groups based in Patna, Bhagalpur, Hilsa, and Katihar. In addition, surveys have been conducted on some traders of mined rocks in Gaya. All the four groups have been found to have been evading … [Read more...]
Tariff Notification No.103/2020-Customs(N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.
In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes& Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of … [Read more...]
CGST officials bust racket for generating fraudulent input tax credit through fake billing of around Rs 1,278 crore
Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST),Commissionerate, Delhi (East) have busted a major racket for generation of huge inadmissible input tax credit (ITC) through fake billing of Rs 1,278 crore (approx). The well established … [Read more...]
Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees
In view of the COVID-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for observing social distancing, a number of employees are not able to avail of Leave Travel Concession (LTC) in the current Block of 2018-21. With a view … [Read more...]
DGGI Gurugram arrests man for forging input tax credit of around Rs 392 crore
The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one Kabir Kumar, resident of New Delhi on charges of creating and operating fictitious firms on forged documents and passing fake input tax credit by way of issuance of invoices without any actual … [Read more...]
- 1
- 2
- 3
- …
- 96
- Next Page»