[CA Debayan Patra] Professional Updates

Wish you a very Happy CA Day - Team EIRC of ICAI

Dear Professional Colleague, The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 31st August, 2021. Source: https://www.icai.org/post/last-date-of-updation-of-udins-at-e-filing-portal Note: The extension is in relation to updating UDIN on the Income Tax portal. You are not allowed to generate any UDIN for a date older than 15 days as usual. Regards, CA Debayan Patra Secretary EIRC of ICAI 9331016968, 9903956968

Dear Professional Colleague, Attached herewith find the Guidelines u/s 194Q of the Income Tax Act, 1961 issued vide Circular No. 13 of 2021 issued today (30th June, 2021). Regards, CA Debayan Patra Secretary EIRC of ICAI  

*Dear Professional Colleague*, The Council at its 400th Meeting held on 18th March, 2021 clarified that it is allowed for a member in practice to engage in derivative transactions on equity and currency in his Individual capacity (and not for clients) .  The modalities/FAQs on practical aspects on the aforesaid matter is in process of finalisation and will be announced. *Source:* Clarification from Ethical Standards Board, ICAI Regards, *CA Debayan Patra* 9331016968, 9903956968

*MCA Date extension* 1. It has been decided to grant additional time up to *31st August, 2021* for filling of forms of Companies & LLPs due for filling during 1st April, 2021 to 31st July, 2021 other than charge forms without any additional fees. Accordingly, the due dates of DPT-3 & Form CFSS is extended to 31st August, 2021. Link: https://bit.ly/3w6ZnYH 2. In case of *CHG – 1 & CHG – 9* the period from 01.04.2021 till 31.07.2021 shall not be reckoned for the purpose of counting the number of days under section 77 & 78 of the Act. Link: https://bit.ly/2UbLoDF FYI

Dear Professional Colleague, Compliance due dates of various compliances under income Tax have been extended. Important Highlight: Renewal of Trusts extended to 31st August, 2021 Please refer to the Circular attached in this regard. Regards, CA Debayan Patra Secretary EIRC of ICAI 

Dear Professional Colleague, Please find attached herewith the FAQs on Compliance Check for Section 206AB & 206CCA of the Income Tax Act, 1961 issued by the Directorate of Income Tax (Systems). Regards, CA Debayan Patra Secreatry EIRC of ICAI

*Upcoming Tenders/Opportunities*  *Dear Professional Colleague,* In our day to day professional routine, it is tough to keep track of all the upcoming tenders or opportunities.The Professional Development Committee of ICAI gives you information of many of such open tenders/opportunities.The committee has a wonderful site which is very informative. *The website address is https://pdicai.org/home.aspx* You will get details of many of such tenders/opportunities under the Menu Bar *'Opportunities' in the above site*.  *You may also directly click on https://pdicai.org/Opportunities.aspx to know about the open tenders/opportunities.* *Regards,* *CA Debayan Patra* *9903956968, 9331016968*

*Dear Professional Colleague,* The CBDT has notified the Cost Inflation Index for Financial Year 2021-2022 vide Notification No.73/2021. _*Cost Inflation Index: 317 (FY 21-22)*_ Regards, *CA Debayan Patra* Secretary EIRC of ICAI 9331016968, 9903956968

*Dear Professional Colleague,* The CBDT has notified the Cost Inflation Index for Financial Year 2021-2022 vide Notification No.73/2021. _*Cost Inflation Index: 317 (FY 21-22)*_ Regards, *CA Debayan Patra* Secretary EIRC of ICAI 9331016968, 9903956968

*Register for Digital Audit Tools Free of Cost* - Last Date: June 30, 2021 *Registration Link:* https://rb.gy/6q7si5 *Details:* https://resource.cdn.icai.org/65087cmp52366.pdf *Debayan Patra* Secretary, EIRC of ICAI

Dear Professional Colleague, Please find attached herewith the publication 'Strategic Roadmap for CA Firms to operate as Virtual Firms' issued by the Committee for Members in Practice, ICAI. Regards, CA Debayan Patra Secretary EIRC of ICAI 9331016968, 9903956968

Dear Professional Colleague, Please find attached herewith the soft copy of the book on 'Registration of Charitable & Religious Institutions for Income Tax Exemption' issued by the Direct Taxes Committee of ICAI. Regards, CA Debayan Patra Secretary EIRC of ICAI

*EIRC of ICAI is launching its Second Vaccination Drive* *Dear Member,* EIRC of ICAI is launching its Second Vaccination drive which targets to cover as many members, their families and students. This drive consists of inclusion of Chartered Accountants in the priority list for vaccination by Govt. Agencies and tieing up with private hospitals. The State Executive Committee of the State Disaster Management Authority, Govt. of WB has divided the population to be vaccinated in two categories viz General – for the people at large and secondly Groups which are super spreaders / public facing/forcibly exposed to public mingling i.e. Groups which are endangered and as well as potential spreaders. On the above categorisation the Ministry of Health and Family welfare, Govt. of WB has issued the Guidelines of vaccination on 18th May 2021 (https://bit.ly/34BUNpH) Based on the above Guideline for vaccination dated 18th May 2021, the Eastern India Regional Council of ICAI in a letter dated 29th May 2021 has made an appeal to the Govt. of West Bengal to include Chartered Accountants in the priority list for vaccination against COVID in Govt. Hospitals and Municipalities. (https://bit.ly/3fUAzgh). The inclusion of Chartered Accountants in the priority list of vaccination demands the declaration of certain information from the members which have been collated in the Google form given in the link below. The information collected will be shared with the Ministry of Health & Family Welfare, Govt. of WB for allocation of district wise Govt. agencies and Municipalities who will be entrusted for vaccination to the Chartered Accountants on priority basis. EIRC is also tieing up with private hospitals for vaccinations. If you opt for vaccination by a private hospital then the name of hospital, amount and modus operandi for payment is given in the EIRC website. EIRC has no control over rate variance for vaccination in private hospitals. For list of Private Hospitals visit (https://bit.ly/3i7byRI) We request you to fill up the google form (https://forms.gle/Y5syByL6tmoLQEge9) and click on the submit button to make us record your response. *Note: To be filled multiple times for more than one person* *Helpline Nos. 9830976862, 9836422125* Warm Regards, *CA Debayan Patra* *Secretary, EIRC of ICAI*

In Sl. No. 13, please read 31st Nov cases as 30th Nov cases