Relaxation of MCA additional fees and extension of time for filing of eforms

01 June 2016 at 10:33

Circular No. 07/2016 F.No. MCA/21/33/2016-e-Gov cell Government of India

Posted in Income Tax |    0 comments |   25 hits


Inviting comments on the draft of the new CA course

01 June 2016 at 10:33

Sub: Inviting public comments on the draft of the proposed syllabus under the Revised Scheme of Education and Training which has been notified for public comments. The draft amendments in the Chartered Accountants Regulations, 1988 containing the Re

Posted in Students |    0 comments |   42 hits


At 7.6% GDP growth India is the fastest growing large economy

01 June 2016 at 10:33

India continues to remain a bright spot in world economy with robust macro-economic and fiscal parameters; Together with GDP growth of 7.9% in Q 4 of 2015-16 and 7.6% in the whole of 2015-16 The Provisional Accounts for 2015-16 have been released by

Posted in Income Tax |    0 comments |   14 hits


ICAI - President's Message - June 2016

01 June 2016 at 10:33

Dear Professional Colleagues, All of us have our share of hopes and expectations-present and future. While certain part of those may appear logical and is likely to come true, the remaining we ourselves somewhere know are actually present just for th

Posted in Professional Resource |    0 comments |   32 hits


Equalisation levy of 6 percent will come into force from 1st June

31 May 2016 at 10:46

S.O. 1905(E) - In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 179 of the Finance Act, 2016 (28 of 2016), the Central Government hereby makes the following rules for carrying out the provisions of Chapter V

Posted in Income Tax 1 comments |   651 hits


CBDT- E-filing of appeals extension of time limit

28 May 2016 at 11:11

CBDT - E-filing of appeals Extension of time limit- PFA the enclosed attachment to view in PDF form - -

Posted in Income Tax |    0 comments |   892 hits


Accounting code for payment of Krishi Kalyan Cess

27 May 2016 at 13:21

Circular No. 194/04/2016-STF. No. 354/31/2016-TRUGovernment of IndiaMinistry of FinanceDepartment of Revenue(Tax Research Unit) ToPrincipal Chief Commissioners of Customs and Central Excise(All)Principal Chief Commissioners of Central Excise & Se

Posted in Others 2 comments |   1252 hits


Relaxation for furnishing of UID in case of Form 15G/15H for certain quarters

26 May 2016 at 10:26

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Posted in Income Tax 1 comments |   896 hits


Manner of determination of fair market value

24 May 2016 at 10:48

F No 142/26/2015-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes*******New Delhi, Dated 23rd May, 2016Subject: Manner of determination of fair market value and reporting requirement for Indian concern-Indir

Posted in Income Tax 2 comments |   717 hits


Digital reporting of Form No.60

23 May 2016 at 11:18

Circular No. 14 /2016F.No.370149/68/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 18th May, 2016Subject: Digital reporting of Form No.60-reg.1. Vide Notification No.95, dated 30th December,

Posted in Income Tax |    0 comments |   885 hits


FAQ on the Income Declaration Scheme, 2016

23 May 2016 at 11:18

Circular No.17 of 2016F.No.142/8/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Dated 20th of May, 2016Clarifications on the Income Declaration Scheme, 2016The Income Declaration Schem

Posted in Income Tax |    0 comments |   645 hits


New and revised standards on auditing

19 May 2016 at 10:44

Revised SA 700, Forming an Opinion and Reporting on Financial Statements. New SA 701, Communicating Key Audit Matters in the Independent Auditor-s Report. Revised SA 705, Modifications to the Opinion in the Independent Auditor-s Repo

Posted in Audit 1 comments |   1354 hits


Total 2891 kg gold collected under Gold Monetisation Scheme

17 May 2016 at 10:50

Finance Ministry reviews the progress of Gold related Schemes; Total gold collected under Gold Monetisation Scheme (GMS) is 2891 kgs; Banks asked to put concerted efforts to mobilize more gold under the GMS in order to achieve the Scheme-s obje

Posted in Others |    0 comments |   866 hits


The Income Declaration Scheme 2016 to open from 1st June 2016

16 May 2016 at 10:46

The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years to come forward and declare such undisclosed income(s).Under the Sch

Posted in LAW 2 comments |   1586 hits


Pre-MEF Data Verification

14 May 2016 at 10:58

As you are aware, every year, Professional Development hosts an online form popularly known as MEF ie., Multipurpose Empanelment Form at www.meficai.org This year in order, to make the Members aware as to what information is going to flow from Instit

Posted in Others |    0 comments |   739 hits


Budget session concludes - Over a dozen reform Bills passed

14 May 2016 at 10:58

Budget session concludes ; Session productive, says Minister Shri M.A.Naqvi Government-s outreach to opposition resulting in better functioning of Parliament, says MinisterSittings of Parliament and Bills passed by Lok Sabha over last 2 years

Posted in Union Budget |    0 comments |   553 hits


Big Boost to Ease of Doing Business- Passing of Bankruptcy Code

13 May 2016 at 10:38

Big Boost to Ease of Doing Business- Passing of Bankruptcy Code; Code is a comprehensive and systemic reform, which will give a quantum leap to the functioning of the credit market and would take India from among relatively weak insolvency regimes to

Posted in Others |    0 comments |   528 hits


Change in process of Assignments of checkers for exams

13 May 2016 at 10:38

The examination process inter alia includes a procedure of having the answer books checked, after evaluation by examiners, by Checkers to ensure that all answers have been evaluated, marks awarded have been carried forward to the cover page of the an

Posted in Exams 13 comments |   1830 hits


Indirect tax collection grows by 41.8 percent in April 2016

12 May 2016 at 10:26

Indirect Tax Collections During the month of April 2016 is Rs. 64,394 Crore which is an increase of 41.8% as compared to the collections made in the corresponding Period Last Year (April 2015): Excise Collections Register A Growth of 70.7% while Serv

Posted in Income Tax |    0 comments |   462 hits


Preparation of Panel of CA and Firms having experience for Forensic Auditing

11 May 2016 at 16:11

Central Bureau of Investigation (CBI) has sought the help of the Institute of Chartered Accountants of India for investigation of important Forensic Audit assignments. Chartered Accountants firms having prior sufficient experience and expertise in fo

Posted in Professional Resource |    0 comments |   806 hits






Updated on : 01/06/2016 12:43:00


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