CBDT extends due date for filing return to 5th August 2016

29 July 2016 at 22:43

CBDT extends due date for filing return of income from 31-07-16 to 05-08-16 in case of taxpayers who were liable to file ITR by such date

Posted in Income Tax 11 comments |   1075 hits


Extension of the last date for filing of DVAT returns for 1st quarter

29 July 2016 at 11:00

In exercise of the powers conferred under Rule 49A od the Delhi Value Added Tax Rules 2005, I, S.S. Yadav, Commissioner, Value Added tax, do hereby extend the last date of filing of online

Posted in VAT 1 comments |   754 hits


FM takes a serious view of opposition by Income Tax officers

29 July 2016 at 11:00

The Union Finance Minister Shri Arun Jaitley takes a serious view of the resolution by Officers of Indian Revenue Service (Income Tax) against Department of Revenue The Ministry of Finance has learnt through a newspaper item which appeared today tha

Posted in Income Tax 1 comments |   595 hits


Paperless PAN and TAN application process introduced

28 July 2016 at 16:01

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesSub :- Ease of Doing Business – Paperless PAN & TAN application process.For fast tracking the allotment of PAN and TAN to company applicants, Digital Si

Posted in Income Tax 7 comments |   1782 hits


IPC results to be declared on 2nd August for May 2016

27 July 2016 at 10:42

The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May, 20 16 is likely to be de clared on Tuesday, the 2nd August 201 6 around 4.00 P.M. and the same as well as the merit list (candidate

Posted in Students 1 comments |   765 hits


New ICMAI President and Vice President elected

23 July 2016 at 11:25

New ICMAI President and Vice President elected

Posted in Professional Resource 8 comments |   610 hits


New application process to fast track the allotment of PAN and TAN

23 July 2016 at 11:25

For fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate(DSC) based application procedure has been introduced on the portals of PAN service providers M/s NSDL eGov and M/s UTIITSL. Under the new process PAN

Posted in Others 3 comments |   1397 hits


Undisclosed income of Rs 21354 cr detected in last 2 years

23 July 2016 at 11:25

There is no official estimation of the amount of black money stashed away abroad. Various non-governmental organizations and economists in the past have indicated certain estimations of illicit financial flows out of the country. Such estimations app

Posted in Income Tax 1 comments |   853 hits


IT dept to issue 7 lakh letters seeking information in respect of high value non PAN transaction

22 July 2016 at 10:56

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 21st July, 2016. Sub : Income Tax Department to issue 7 lakh letters seeking Information in respect of High Value TransactionsUnder the Annual Informat

Posted in Income Tax 1 comments |   1392 hits


Time table for Nov 2016 CA exams released

21 July 2016 at 11:11

No. 13-CA (EXAM)/N/2016: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Intermediate (IPC) and Final examination will be held

Posted in Exams 5 comments |   4220 hits


ICAI convocation for newly qualified CA

21 July 2016 at 11:11

In order to promote a sense of comradeship among members and for bringing them closer to the Institute, the Institute of Chartered Accountants of India (ICAI) organize Convocations for distributing certificates to the newly qualified members. In fact

Posted in Professional Resource |    0 comments |   1675 hits


Detection of black money by Government

20 July 2016 at 10:34

Recognizing various limitations under the existing legislation [Income-tax Act, 1961, etc.], the Government enacted a new law – ‘The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015’ – to spe

Posted in Income Tax 1 comments |   858 hits


Synchronisation of financial accounting year with calendar year

20 July 2016 at 10:34

Government has constituted a Committee to examine the desirability and feasibility of having a new financial year and give its recommendations by 31st December, 2016. The terms of reference (ToR) of the Committee are as under: Examine the merits and

Posted in Professional Resource 1 comments |   816 hits


Toppers of CA Final May 2016 Exam

18 July 2016 at 18:14

The Institute of Chartered Accountants of India (ICAI) today announced the following results: 1) Chartered Accountants Final Examination held in May, 2016.2) Common Proficiency Test held on June 19, 2016. The top three rank holders on all I

Posted in Exams 12 comments |   5133 hits


Pass Percentage of CA Final May & CPT June 2016

18 July 2016 at 18:14

CA final and CPT result has been declared

Posted in Exams 4 comments |   6879 hits


CA Final and CPT May 2016 exam result declared

18 July 2016 at 14:08

Result of the CA Final May, 2016 & CPT June, 2016 exam declared Click here for result

Posted in Exams 3 comments |   2933 hits


SIT on black money recommends ban of cash transaction above 3 lakh and cash holding more than 15 lakhs

15 July 2016 at 10:45

Recommendations of SIT on Black Money as Contained in the Fifth SIT Report The Fifth SIT report has been submitted before the Hon’ble Supreme Court by the SIT. An extract of the report has been uploaded on Department of Revenue website www.dor

Posted in Income Tax 3 comments |   1202 hits


Time Schedule revised for making tax payments under IDS Scheme

15 July 2016 at 10:45

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 14th July, 2016Sub : The Income Declaration Scheme 2016 - Relaxation of time schedule for making payments under the SchemeDuring the course of meetings

Posted in Income Tax |    0 comments |   1013 hits


Govt clarifies effective tax rate is 45% and not 31% under income declaration scheme

14 July 2016 at 16:42

Circular No. 27 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 14th day of July, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income Dec

Posted in Income Tax 1 comments |   1112 hits


Govt to interact with Trade and industry on tax laws issues

14 July 2016 at 14:58

Government accepts the recommendations of Sub-Committee of the High Level Committee to interact with Trade & Industry on Tax Laws on issues relating to compliance procedure for the excise duty,records to be maintained and other relevant administr

Posted in Others 1 comments |   308 hits






Updated on : 31/07/2016 10:44:00


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