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Govt along with RBI targets inflation at four percent

Statutory and Institutionalised framework for Monetary Policy Central Government in consultation with RBI announces the Inflation Target of Four Percent The Finance Minister had announced in his Budget Speech for 2016 17 the Governments intention to amend the Reserve Bank of India Act 1934 RBI Act t

Budget session concludes - Over a dozen reform Bills passed

Budget session concludes Session productive says Minister Shri M A Naqvi Governments outreach to opposition resulting in better functioning of Parliament says Minister Sittings of Parliament and Bills passed by Lok Sabha over last 2 years increased Over a dozen reform Bills passed in 2 years and Par

CSR Spends on Swachh Bharat CESS

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 Bharat under consideration of this Ministry Informatio

Tax revenue increases to 14.6 lac crore in 2015-16

Government achieves the Tax Revenue Targets for FY 2015 16 Actual collections of Direct Indirect Tax Revenues in FY 2015 16 is Rs 14 60 Lakh Crore as against Revised Target RE of Rs 14 55 Lakh crore The aggregate Budget Estimates BE for total Direct and Indirect Tax Revenues for FY 2015 16 was Rs 14

Chartered Accountant should not respond to tenders for areas exclusively to their practise

ANNOUNCEMENT RESPONDING TO TENDERS The matter pertaining to responding to tenders issued by various users of professional services or organization in areas exclusively reserved for the members of the Institute was recently considered by the Council of the Institute The Council on a consideration of

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Experts Opinions

IFRS recent change on Revenue Rcognition

Can anyone explain the recent changes in IFRS on Revenue Recognition

Excise duty on jewellary as per budget 2016 -

I understand that the excise duty on jewelry 1 was passed in the budget 2016 originally it was mentioned that it is wef 1 march 2016 Later news came that is pending and later message cameit is wef1 july2016 now the query is what is the status for the period 1 march2016 2015 16 and 1april 16 to 30 ju

Applicability of 44AD Amendments in budget 2016

Is the turnover limit for business made 2 crores from AY 2017 18 or AY 2018 19 For s 44 AD Are all amendments are applicable From 1 4 2017 only S 44AD The limit of Turnover for S 44AB is 1 crore or 2 Crores For AY 2017 18 Fina Yr 2016 17 Is the turnover limit for SSI unit will be increased from 1 5

Re: recent approval of form aoc-4 for f.y.2004-15

Dear Sir can any one be kind enough to share his recent experience of Approval of Form AOC 4 etc for F Y 2014 15 and nature of mails recd from ROC and its repliies given etc Thanks a lot

Budget for next three year

Dear Sir My MD asked me to make budget for next three years what s the meaning of this whats the procedure to make it Financial year 16 means FY 15 16 or FY 16 17 Thanks in advance Regards Vipin Kumar Sharma


Ca final - sfm - practice manual - capital budgeting chapter

I have a query in SFM Practice Manual Jan 2015 edition Capital Budgeting Chapter Q No 36 Pg No 2 59 I am not understanding B part answer of this Q From where they bring 1900 900 100 amt I am not understanding it please help thank you in adavance

How to scan and affix recent photograph of subscrivers with aoa and mao

during the registration of company i got re submission on this point recent photograph should be scan and affix with aoa and moa so please tell me about this

Is budget 2016 applicable for november exam?

For November 2016 exam will the tax amendments in Budget 16 be applicable As per my reasoning budget 16 amendments would not be applicable since it pertains to the PY 16 17 AY 17 18 As per my understanding the relevant assessment year for the November 16 exam is AY 16 17 which relates to Budget 2015

Clarification regarding the recent withdrawal of gmcs-1

My articleship training commenced from September 2015 and I ve completed 15 days of Orientation Course before commencing my articleship I enrolled myself for GMCS 1 course in the month of May 2016 I would like to know whether I m required to complete the same Kindly look into this matter and let me

Recent news and update

Sr No Category Recent News and Update 1 SEBI Consultation paper for amendments to the SEBI Infrastructure Investment Trusts Regulations 2014 2 SEBI SEBI cautions investors not to invest in schemes offered by entities barred by SEBI from raising money or entities not registered with SEBI 3 RBI Cyber

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Capital Budgeting for Beginners - Part 1

Capital Budgeting All of us at one point in time or another have prepared a budget in one form or another The reason for this is primarily to find out if we can afford the costs investments where to get the money from and how much would it give in return In fact many of the households manage domesti

Implications of budgetary changes on activities undertaken by mutual fund agents

Implications of Budgetary changes on activities undertaken by Mutual Fund agents With the advent of Negative list of services from July 2012 specific classification of services has been dealt away with and a single unified definition of services has been specified under Section 65B 44 of the Finance

Assessment of HUF with perspective of important & recent cases

Hindu Undivided Family HUF A fresh perspective with important recent case laws Background U s 4 of the Income Tax Act 1961 income tax is payable by every person U s 2 31 Person is defined to include a Hindu Undivided Family HUF Section 3 of the Wealth Tax Act 1957 also indicates that wealth is charg

Principles emerging from recent Advance Rulings on the term -Intermediary- under Place of Provision of Services Rules

The Place of Provisions of Service POPS Rules 2012 is the thin line which divides taxability and non taxability under the Service Tax Law These rules were aimed to consolidate the endlessly dispute on the Export of Services and Import of Services Rules and also laid the foundation for the place of s

Changes in Service Tax, Excise, Customs Duty vide Union Budget 2016: Open issues

The Union Budget 2016 proposing flurry of changes in Indirect Taxes has been a talk of the town since the day of its presentation On May 5 2016 the Lok Sabha passed the Finance Bill 2016 and later on May 11 2016 the Finance Bill 2016 was passed by the Rajya Sabha Now the Hon ble President has given

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Updated on : 8/7/2016 11:06:09 AM


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