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News & Events
10/04/2021
SC Stays Disciplinary Proceedings against Petitioners in TAR Matters of ICAI
IBBI notifies prepack insolvency resolution process regulations for MSMEs
Direct Tax collections for last financial year go up by 5 pct to Rs 9.45 lakh Cr
09/04/2021
Constitutional validity of arrest rules under GST challenged in Supreme Court
Centre sets Rs. 10 lakh trigger for MSME rescue scheme
08/04/2021
GST no longer citizen-friendly; calls provisional attachment Draconian - SC
06/04/2021
Income Tax Deptt launches offline utility for ITR 1, 4 on new technology JSON
Bank Branch Audit 2021 - Update on allotment of Branches
05/04/2021
GST to be levied on underlying goods / services in gift vouchers - AAR
Govt allows further operational flexibility in filing of GST returns
 
Notification/Circulars
09/04/2021
Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs)
08/04/2021
Reporting and Accounting of Central Government transactions of March 2021 – Change of date of closure
Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package
External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits
Priority Sector Lending (PSL) - Lending by banks to NBFCs for On-Lending
Priority Sector Lending (PSL) – Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) / electronic Negotiable Warehouse Receipts (eNWRs)
06/04/2021
Gold Monetization Scheme (GMS), 2015
Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)
Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
03/04/2021
CBDT replaces expression National e-Assessment Centre with National Faceless Assessment Centre
Faceless Appeal (Amendment) Scheme, 2021
CBDT notifies Prescribed Income-tax Authority’ under Section 143(2) for Returns
CBDT notifies Jurisdiction of PCIT (ReFAC)(VU) & Addl. CIT(ReFAC)(VU)
CBDT notifies Jurisdiction of Income-tax Authorities of ReFACs
Jurisdiction of Income tax Authorities of National Faceless Assessment Centre
CBDT notifies Income Tax Return Forms for AY 2021-22
PAN Aadhaar linking & section 148 notice issue date extended
02/04/2021
Master Circular – Lead Bank Scheme
Master Circular on SHG-Bank Linkage Programme
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Master Direction - Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs)
Master Circular - Disbursement of Government Pension by Agency Banks
Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Master Circular - Credit Facilities to Minority Communities
Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances
Master Direction on “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests based on performance in rendering customer service to members of public
Master Circular – Scheme of Penalties for bank branches including Currency Chests based on performance in rendering customer service to the members of public
Master Circular – Detection and Impounding of Counterfeit Notes
Master Circular – Facility for Exchange of Notes and Coins
Audit Report on Maintenance of Software with Audit Trail extended to 1st April 2022
Mandatory Accounting Software with Audit Trail for Companies extended to 1st April 2022
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