| Ordinance issued to make PM CARES donations tax free |
| Delhi : The government has issued an ordinance to give effect to the relaxation in several compliances including extension in last dates to June 30 for making investments in instruments such as National Savings Certificates, Public Provident Fund for claiming income tax benefits. Income tax Act, Benami Act are being sought to be amended via the ordinance - Taxation and Other LAws(Relaxation of Certain Provisions) Ordinance, 2020. The ordinance also seeks to amend the Income Tax Act to enable 100% deduction to donations made to the PM's Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund, set up to enable citizens to contribute to government’s containment efforts against the Covid-19 outbreak. |
Notice for CA firms applying for empanelment as Concurrent/Revenue Auditor Bank of India invites fresh application from eligible Chartered Accountant firms to undertake Concurrent Audit assignment. Audit firm which are presently doing concurrent audit of our branches/offices or Audit Firm whose tenure is expiring on 30th June-2021 after completing three years , should not apply through this process The Application should be submitted on-line in the prescribed format given in Bank’s website www.bankofindia.co.in. Incomplete application will not be entertained. MERE SUBMISSION OF APPLICATION DOES NOT, IN ANY WAY, CONSTITUTE GUARANTEE FOR EMPANELMENT / ALLOTMENT OF AUDIT JOB OF ANY NATURE FROM THE BANK. THE ALLOCATION OF THE BRANCHES TO THE AUDITORS WILL BE PURELY THE PREROGATIVE OF THE BANK. No physical paper / bio-data / manual applications will be entertained. The eligibility criteria for such empanelment of CA firms with the Bank are as under: The Firm should be in RBI empanelme...
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