CSR Spends on Swachh Bharat CESS

04 May 2016 at 11:26

As per Union Budget 2016-2017, the estimated amount to be collected from Swachh Bharat Cess during the year 2016-17 is10,000 crores. However, there is no proposal of the Government to mandate Corporates to set aside 30% of their CSR spend for Swachh

Posted in Corporate Law |    0 comments |   95 hits


Reward of Rs 15 lac for informer of tax evasion

30 April 2016 at 15:44

Guidelines for Grant of Rewards to Informers of Tax Evasion The details with regard to guidelines in respect of rewards to informers of tax evasion are: Direct Taxes:- Any person who provides specific information with respect to evasion of direct ta

Posted in Income Tax 4 comments |   4236 hits


Road Map for implementation of Indian Accounting Standards

30 April 2016 at 15:44

The Road Map for implementation of Indian Accounting Standards (Ind AS) for commercial Banks (Banks), Insurance Companies (Insurers) and Non-Banking Financial Companies (NBFCs) was announced on 18/01/2016 and implementation schedule is drawn as follo

Posted in Accounts |    0 comments |   2127 hits


ICAI - President's Message - May 2016

30 April 2016 at 10:56

Dear Members, The Indian accountancy profession has consolidated itself internationally to register its wise, strong and empowering global presence. Today, The Institute of Chartered Accountants of India produces world-class professionals who along w

Posted in Professional Resource 3 comments |   2669 hits


CBDT releases detailed direct taxes data

29 April 2016 at 11:40

CBDT releases Direct Taxes DataPFA the enclosed attachment to view the detailed data on the following aspects as mentioned below:- Income Tax Department Time Series Data Financial Year 2000-01 to 2014-15 Income Tax Department PAN Allotment Statistics

Posted in Income Tax |    0 comments |   2562 hits


Govt invites suggestion on MAT framework for computation of book profit

29 April 2016 at 11:40

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 28th April, 2016Subject: Framework for computation of book profit for the purposes of levy of MAT under section 115JB of the Income-tax Act, 1961 for

Posted in Income Tax |    0 comments |   1194 hits


CBDT will pay interest on refund for excess TDS deposited

28 April 2016 at 11:14

-Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income-tax Act, 1961 - -

Posted in Income Tax 2 comments |   2706 hits


Applicability of Accounting Standards amended by MCA

27 April 2016 at 10:49

Applicability of Accounting Standards amended by MCA vide Notification dated March 30, 2016 1. The Ministry of Corporate Affairs, Government of India, vide Notification No. G.S.R. 739(E), dated 7th December, 2006, notified Companies (Accounting Stand

Posted in Corporate Law 2 comments |   3227 hits


CBEC takes Litigation Management and Dispute Resolution measures

26 April 2016 at 11:27

CBEC takes Litigation Management and Dispute Resolution measures; Field formations file applications for withdrawal in 980 and 2174 cases in High Courts and CESTAT respectively as per the new threshold monetary limits prescribed; Out of this, High Co

Posted in Excise |    0 comments |   1424 hits


ST3 returns filing due date extended to 29th April

25 April 2016 at 23:52

The Central Government has extended the date of filing of ST-3 returns to 29.04.2016 from 25.04.2016 owing to certain difficulties being faced by the taxpayers in the ACES application. Order 1/2016 -- Service Tax dated 25.04.2016 has been issued in t

Posted in Service Tax 5 comments |   3611 hits


Provisional panel of CA Firms with CAG to be hosted on 25th April

23 April 2016 at 11:52

This is to inform that O/o C&AG is hosting the Provisional Panel of Chartered Accountant firms/LLPs for the year 2016-17 for indicating the position (detailed point score) of the firms. The provisional panel will be available at www.saiindia.gov.

Posted in Professional Resource 1 comments |   2356 hits


Draft rules for foreign tax credit

19 April 2016 at 15:14

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesSubject: Draft rules for grant of Foreign Tax Credit – reg.The Income-tax Act, 1961 (the Act) provides that the Central Board of Direct Taxes may prescribe

Posted in Income Tax |    0 comments |   2347 hits


Candidates carrying a mistaken notion that they enjoy exemption in a exam paper

18 April 2016 at 11:50

Hosting of exemption(s) in a paper granted in Intermediate and Final examinations, valid for May, 2016. Exemption(s) in a paper(s) are granted to candidates of Intermediate and Final examinations, in terms of Regulation 37C(8) and Regulation 38C(6),

Posted in Exams 1 comments |   4603 hits


Extension of time for CEP Credit Hours for renewal of COP

15 April 2016 at 11:18

Dear Members,As you are aware that in case of members holding Certificate Of Practice (COP), as per the Guidelines for Mandatory Training for all Members of The Institute under Continuing Education Programme, it is mandatory to undergo minimum mandat

Posted in Others 2 comments |   3063 hits


Applicability of service tax on services provided by Govt

15 April 2016 at 11:18

Clarifications regarding Services Provided by Government or Local Authority; Any Service Provided by the Government or a Local Authority to a Business Entity has been Made Taxable with Effect from 1st April 2016.

Posted in Service Tax 4 comments |   3561 hits


Revised Scheme of Education and Training for CA Course

15 April 2016 at 11:18

Revised Scheme of Education and Training for CA Course

Posted in Students 9 comments |   9127 hits


Simplification of procedure to deal with audit objections raised in indirect taxes by CAG

13 April 2016 at 10:30

Central Board of Excise and Customs (CBEC) has issued a circular to simplify the procedure of dealing with audit objections raised in indirect taxes by the office of CAG. The Circular rescinds all the past circulars and instructions and prescribes a

Posted in Audit |    0 comments |   2162 hits


ICSI requests MCA to waive additional fees in MCA portal

12 April 2016 at 10:49

-

Posted in Professional Resource |    0 comments |   2674 hits


CA in practise shall not respond to tenders

09 April 2016 at 12:31

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION Guideline No. 1-CA(7)/03/2016 - In exercise of the powers conferred on it under Item (1) of Part II of the Second Schedule of the Chartered Accountants Act, 1949, the Council of the Inst

Posted in Professional Resource 5 comments |   5000 hits


Change in dates of IPC exams for few states

08 April 2016 at 10:37

Rescheduling of Paper - 7 of IPC (Intermediate) Examinations and Paper - 8 of Final Examinations in the State of Kerala, Tamil Nadu and Pondicherry only. -

Posted in Students |    0 comments |   5723 hits






Updated on : 04/05/2016 13:29:00


close x