CBDT vide Notification No 73/2021 dated 15.06.2021 has notified Cost Inflation Index (CII) used for calculating ‘Long Term Capital Gain or Loss’ on sale of capital assets such as Land, Building, House, Gold, Jewellery etc. for FY 2021-22 relevant to AY 2022-23. Cost Inflation Index (CII) for FY 2021-22 is notified as “317”.
Relaxation on leavy of additional fee in filling of certain forms under Companies Act, 2013 and LLP Act 2008
In view of COVID -19 related restrictions and disruption, MCA vide General circular no. 6/2021 dated 03/05/2021 grant an additional time upto 31st July ,2021 for filling of various forms under Companies Act,2013 and LLP Act,2008 due for filling between 1st April, 2021 to 31st May, 2021. Accordingly, no additional fee shall be leavied upto […]
EPFO allows its members to avail second COVID-19 advance
To support its subscribers during the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance. The provision for special withdrawal to meet the financial need of members during pandemic was introduced in March 2020, under Pradhan Mantri Garib Kalyan Yojana (PMGKY). An amendment to this effect was […]
Clarification on Spending of CSR funds for Awareness and public outreach on COVID-19 Vaccination Programme-reg.
The Ministry of Corporate Affairs has issued General Circular No. 01/2021 dated 13.01.2021. It has been clarified that spending of CSR funds for carrying out awareness campaigns / programmes or public outreach campaigns on Covid-19 vaccination programme is an eligible CSR activity under item no. (i), (ii) and (xii) of Schedule VII of Companies Act […]
Aadhaar Authentication for GST Registration
As per newly inserted sub section (6A) & 6(B) of section 25 (Procedure of Registration) of the Act, all the existing registered persons/application submitted for new GST Registration will have to undergo mandatory Aadhaar authentication w.e.f. 1st April, 2020. (refer notification no. 18/2020 dated 23.03.2020 notifying 1st April, 2020 for verification of Aadhaar) Through Notification […]