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ICAI President's Message - December 2016


My dear professional colleagues Indian accountancy profession has been acting responsibly offering its complete support to the Government of India in its initiatives particularly those relating to economy More recently we played a very crucial role in the Governments anti black money drive Income De

Interest rate cut in PPF and KVP by 0.10 percent in this quarter


Interest rate cut for long term saving schemes The interest rates of Public Provident Fund PPF Kisan Vikas Patra KVP Senior Citizens Savings Scheme 2004 and Sukanya Samriddhi Account the Girl Child Scheme were reduced by 0 10 percentage point for the quarter 01 10 2016 to 31 12 2016 and not 0 10 per

POS Devices exempted from Central Excise Duty till 31st March


Point of Sale POS Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31 2017 The Government has demonetised the currency notes of Rs 500 and Rs 1 000 with effect from mid night of 8th 9th November 2016 Along with this the Government has also laid increased

Cash withdrawal restriction removed of deposit made in legal tender on or after November 29, 2016


RBI 2016 17 163 DCM No 1437 10 27 00 2016 17 November 28 2016 The Chairman Managing Director Chief Executive Officer Public Sector Banks Private Sector Banks Foreign Banks Regional Rural Banks Urban Cooperative Banks State Cooperative Banks District Central Cooperative Banks Dear Sir Withdrawal of c

PM speaks at length on demonetizations in Mann ki baat


English rendering of the text of PMs Mann Ki Baat address on All India Radio on 27 11 2016 My dear countrymen Namaskar Last month all of us were celebrating Diwali Like every year this Diwali too I had gone to the border to the China border to celebrate the occasion with our soldiers ourjawans I cel

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Experts Opinions

Letter format for 271f reply.


Sir Madam Please provide the format for reply of notice u s 271F of income tax

study plan for may 2017


Hello Sir Mam please suggest me the study plan for may 2017 for both group

Sec. 185 , 186 of the companies act 2013


How to check the compliances of sec 185 186 of companies act 2013 Loan to directors related body corporate Whether it is sufficient if u check any loans given during the current financial year or we have to take into account of the loans already existing Also please tell me how to understand the poi

Filing of belated itr for f.y. 2014-15 and f.y. 2015-16.


I want to file my belated individual ITR for f y 2014 15 and f y 2015 16 What is the last date for filing of belated ITR for both year and what is the rate of interest and penalty if 1 it is taxable return 2 it is non taxable return

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Hi everyone i downloaded practice manuals other material PDF Format from icai website in my andriod phone but while opening PDF it is asking password can anybody tell me what will be the password

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latest circular no. 14(87)/2016 dt 25/11/16 (Open)   Prakash jha      29 November 2016 latest circular no. 14(87)/2016 dt 25/11/16

latest circular no 14 87 2016 dt 25 11 16 Open Prakash jha 29 November 2016latest circular no 14 87 2016 dt 25 11 16 issued by Ministry of Labour Employment plz explain what is effect Deepak Nagori 30 November 2016Effect is to open bank accounts for those who did not open it yet Prakash jha 30 Novem

Contractor work pf & esic consultants in delhi 9871011520

Construction Work PF ESIC Consultant in Delhi 9871011520 Repair Maintains Work ESIC PF Consultants in Delhi 9871011520 Security System Services ESIC PF Consultants in Delhi 9871011520 Engineering Work ESIC PF Consultant in Delhi 9871011520 Hotel Restaurant PF ESIC Consultant in Delhi 9871011520

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Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017

The Government has demonetised the currency notes of Rs 500 and Rs 1 000 with effect from mid night of 8th 9th November 2016 Along with this the Government has also laid increased emphasis on promoting digital payments Point of Sale POS devices are used for cashless transactions both for making paym

Will > 2.5 cash deposit in 26as - part - e

in part E of 26AS will the cash 500 1000 notes deposited reflect on reporting the same by banks to the IT dept Is there any way to know in advance Or we can know only when the notice is received by us

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Salient features of new PMGKY Income Disclosure Scheme 2016


Proposed Salient Features of Pradhan Mantri Garib Kalyan Yojna 2016 for disclosing blackmoney held as cash or deposits 1 Applicable for undisclosed income in the form of Cash or deposits including FD RD etc held in bank accounts or in Post Office Section 199C or any other specified entity 2 Pay Inco


Draft integrated goods & services law, 2016


On 25 11 2016 Central Board of Excise and Custom has issued DRAFT IGST LAW IGST Law contains Eleven Chapters and 24 Sections 1 Inter State supply of goods and or services As per Section 3 Inter State Supply of goods or services means any supply where the location of the supplier and the place of sup


Allotment of Securities under the Companies Act, 2013


ALLOTMENT OF SECURITIES UNDER THE COMPANIES ACT 2013 i Private Placement ii Right Issue iii PreferentialAllotment 1 PRIVATE PLACEMENT Private placement means any offer of securities or invitation to subscribe securities or invitation to subscribe securities to a select group of persons by a company


Highlights Of The Benami Transactions (Prohibition) Ammendment Act, 2016


The government strategy now seems clear it aims at taking strong action against benami property as soon as the demonetisation drive gets over The Benami Transactions Prohibition Amendment Act 2016 designed to curb black money and passed by parliament in August 2016 came into effect form 1st Nov 2016


Guidance Note on Reporting on Fraud under Section 143(12)


style2 text align justify INTRODUCTION Section 143 12 states Notwithstanding anything contained in this section if an auditor of a company in the course of the performance of his duties as auditor has reason to believe that an offence of fraud involving such amount or amounts as may be prescribed is


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Updated on : 12/1/2016 8:37:11 AM


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