CMA Students
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This Channel is only for CMA Intermediate students. Now onwards ,I will share notes of all the subjects here .
Admin - @IAMABHISHEKAGARWAL
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All the very best guys , those who have rescheduled exam today onwards 👍👍👍
Last date to take admission for June,21 exams extended upto 10th February ,
@cmaintermediatenotes
To get every single update on Union Budget 2021-22
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GST Revenue collection for January 2021 almost touches Rs. 1.20 lakh crore @Gst_Daily_Updates
Voluntary vehicle scrapping policy to phase out old and unfit vehicles

Vehicles to undergo fitness test in automated fitness centres after 20 years (personal vehicles) and 15 years (commercial vehicles) #Budget2021
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Six pillars for Budget 2021
1. Health & wellbeing.
2. Financial capital
3. Inclusive growth
4. Human capital
5. Innovation & R&D
6. Minimum interventions
#Budget2021
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Scheme of Mega Investment Textile Parks to be launched, in addition to PLI scheme, to create world class infra in textile sector, with plug-and-play facilities, to create global export champions

7 textile parks to be set up over 3 years

#AatmanirbharBharatKaBudget
#Budget2021
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Tax Audit limit will be 10 CR (Non cash receipts and payments) #Budget2021
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I propose to reduce the time limit for reopening of assessments (tax assessments) to 3 years from the present 6 years: FM Nirmala Sitharaman
#Budget2021 #AatmanirbharBharatKaBudget
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Govt proposes to increase threshold for tax audit to Rs.10 crore vs Rs. 5crore (for those transacting 95% digitally)
#Budget2021 #AatmanirbharBharatKaBudget
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Tax holidays for startups extended by one year, till 31st March 2022
#Budget2021 #AatmanirbharBharatKaBudget
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Affordable housing deduction extended by one year to FY22. Tax exemption to notified rental housing projects
#Budget2021 #AatmanirbharBharatKaBudget
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Budget 2021 Crux for professional

1. Definition of Small Companies revised.
Capital < 2 Cr
Turnover < 10 cr
Relief to more than 200,000 cos.

2. MCA version 3 expected soon

3.LLP decriminalisation soon

4. LIC IPO will come soon in 2022

5. Infusion of Rs. 20000 cr. For public sector banks

6. FDI in insurance sector hiked to 74% from 49%

7. Director Residence criteria - 120 days from earlier 182 days

8. OPC proposed to be incorporated by foreigners as well

9. Policy for disinvestment in all non strategic and strategic sectors

10. Separate administration structure to promote ease of doing business.
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