Daily Archives: September 9, 2021

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The deadline for filing IT returns and Audit reports for AY 2021-22 are further extended

Income taxBy Surendra Naik September 9, 2021

CBDT vide Circular No.17/2021 dated 09.09.2021 extended the deadline for filing Income Tax returns till December 31, 2021, given the coronavirus pandemic and persistent technical problems with its website. Earlier in May 2021, the date was extended to September 30, 2021, from the original date end of July 2021 for the same reasons. “On consideration…

UCO bank is now out of PCA framework

Bank NewsBy Surendra Naik September 9, 2021

Reserve Bank of India on Wednesday has taken public sector lender UCO Bank out of Prompt Corrective Action (PCA) framework (PCA) on improvement in financial and credit profile. “The performance of the UCO Bank, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision. It was noted…