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ICAI advises CAs to watch the national interest as uppermost while advising client in the backdrop of Demonetisation

December 9 2016 ANNOUNCEMENT For attention of Members Demonetisation Policy announced by Government of India An Advisory for Members As you may be aware the ICAI has always been supportive of the bold initiatives taken by the Government in strengthening the economic growth of our country and also in

11 incentives given by Govt for promotion of digital and cashless economy

In the aftermath of the cancellation of the legal tender character of old Rs 500 and Rs 1 000 notes there has been a surge in the digital transactions through use of credit debit cards and mobile phone applications e wallets etc To further accelerate this process the Central Government has decided o

Innovative Methods of Laundering and Transportation of Cash found by Income tax department

Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai Nagpur and Ahmedabad Income tax investigations atMumbailed to the revelation of a syndicate of ground level operators active in converting banned currency notes into legal tenders for a commission As par

Govt waives service tax for payment made below Rs 2000 by card

Government waives service tax charged while making payments through credit card debit card charge card or any other payment card waiver limited to payments up to Rs 2 000 in a single transaction When a customer uses a credit card debit card charge card or any other payment card for payment of his pu

Inflow of funds into Jan Dhan accounts not alarming says Govt

Inflow of Funds into Jan Dhan Accounts not alarming Income Tax Department identifies the local clusters and Bank Branches where the inflow of Jan Dhan deposits have been more than normal Since the time the Government has alerted people not to allow their accounts particularly Jan Dhan accounts to be

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How to study law ethics and communication

I want to know how to study law ethics and communication

Rectification of belated return

I filled a belated return but forgot to claim TDS on it How to rectify this mistake 26AS is showing that TDS

Ca-final eligibility

hello every1 my query is relating to eligibility for CA final exam up to 27 05 2016 i have taken excess leave of 6 days I re registered from 01 09 2016 to 26 10 2018 for the balance period of 2 years 1 month 26 days Is I eligible for appearing in CA final exam to be conducted in may 2018 plz help me

Satyam scam

Can any one share the details of Satyan scandal happened in the year 2009

Service tax applicability of manpower supply.

Hi Here I wants to know An Individual got work order for supplying Man power for Modification of Pipe Fitting in the Plant he supplied Skilled labour like Fitter Welder Gas Cutter Rigger Foreman Grinder with all Machinary like F 15 Hydra 75 Ton Crane Lorry Trailor can you confirm whether he can Add


Can i open trading account in name of newly formd company

Formed a Pvt limited Company took a sub broking account from Main Broker in name of Pvt Ltd Company can i open an account in the name of My Company to trade the Markets is it legal Thanking u

Depreciation on old car

Hi An assessee had purchased a car 2 years back on say 1 4 2013 He has started a business from FY 2015 16 and used the car for business Earlier he was a salaried employee and used the car for personal purposes so no question of depreciation for past 2 years Now In Fy 2015 16 on what amount should I

Tds , st & form 15ca & cb applicablity on credit card payment

Need assistance on below situation If we purchased any software tool paid through International credit card is below are applicable or not 1 TDS 2 Service Tax 3 Form 15CB CA

How can learn indexation of capital gain chapter

If indexation not given in capital gains question then what would we do

How can learn indexation of capital gain chapter

If indexation not given in capital gains question then what would we do

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Cashless economy - Are we ready?

First of all thank you so much CAclubindia team and all of you respected members for having me as a featured member of the month Its all due to your kind appreciation Now before I share my views let me be clear again that I am not against or in favor of any leader or any party Whatever I am writing

Everything you need to know about exchanging Cash - Demonetization

While I am sure you are already aware of the situation with so much excessive news surrounding the matter I thought Id quickly list down some FAQs pertaining to exchange and deposit of cash in one place to help you with the same 1 How much value will I get for the money I have in hand You will get v

Current Scenario of Indian Education System

Every creature on this planet is actively engaged in their own life race starting from fulfillment of their day to day requirements till their aim of achieving the so called life time goals and we human beings are no exception to that India the second most populated country in the world with 125 cro

How to Promote Cashless Economy & Tax Compliance

Our government is taking various steps to move the society to cashless economy as well as compliance of tax laws by them Although it needs various reforms in various economic laws and the results cannot be achieved overnight yet some change in Income Tax law for individuals and HUFs can turn the sit

Section 40A(3) disallowance of expense made in cash & its exceptions

Section 40A 3 of the Income tax Act The payment made more than 20 000 in cash and its result Section 40a 3 of the Income tax Act provides that any expenditure incurred in relation to business is made in a sum exceeding Rs 20 000 in a single day otherwise than by account payee cheque or draft shall n

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Updated on : 12/10/2016 12:40:11 PM


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