Community & General News
RBI urges to deposit all pre-2005 currency notes before June 30
24 December 2014 at 12:52Soliciting cooperation from the public in withdrawing these notes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them. The Reserve Bank
IFRS to be implemented from FY 2015-16
22 December 2014 at 10:28The Finance Minister in the Budget speech 2014-15 announced that the Indian Accounting Standards (Ind AS) i.e. accounting standards based largely on with International Financial Reporting Standards (IFRS) shall be applied by Indian Companies from F.Y
Lok Sabha passes Companies (Amendment) Bill 2014
18 December 2014 at 11:42Lok Shabha passes Companies (Amendment) Bill 2014
Relief to Members of J & K for payment of Membership/COP
17 December 2014 at 10:19The Council, having regard to the devastating flood in the state of Jammu & Kashmir in the month of September, 2014, has decided that the membership fee and Certificate of Practice fee for the year 2014-15 in respect of members residing in the St
Promotion of MDP Firms
17 December 2014 at 10:18The Institute of Chartered Accountants of India (ICAI), The Institute of Company Secretaries of India (ICSI) and The Institute of Cost Accountants of India (ICoAI) have had inconclusive deliberations regarding a framework for allowing Multi-Disciplin
EPFO moves to Accrual Accounting
16 December 2014 at 11:23The Institute of Chartered Accountants of India (ICAI) through its research arm, ICAI Accounting Research Foundation (ICAI ARF) signed an MoU with Employee's Provident Fund Organisation (EPFO) on December 11, 2014. As per the MoU, ICAI ARF will u
Ten Crore Aadhaars Linked to Bank Accounts
16 December 2014 at 11:22A major milestone has been crossed with ten (10) crore Aadhaar numbers having been linked to bank accounts of Aadhaar holders so far a part of Governments Digital India mission. This would enable these individuals to digitally receive governme
Extension of RTGS time window to 8 pm
16 December 2014 at 11:22RBI/201415/352DPSS (CO) RTGS No. 1064 / 04.04.002 / 2014-15December 15, 2014The Chairman / Managing Director / ChiefExecutive Officer of participants of RTGSMadam / Sir,Extension of RTGS time windowIt has been the endeavour of the Reserve Bank
Attachment of Properties Against Tax Arrears
13 December 2014 at 13:19Total amount of direct taxed arrear demand as on 31.10.2014 is Rs. 6,15,295 crore. An amount of Rs. 23,653 crore has been collected/recovered during the period 1.4.2014 to 31.10.2014. The target for cash collection out of arrear demand by the field a
Fishing Expedition of CBDT Officers
13 December 2014 at 13:19The complaints including complaints regarding harassment of tax payers by the income tax officers are received by the Government and various income tax authorities all over the country. There is no centralized system of maintaining category-wise data
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