CAclubindia News

Pre-Multipurpose Empanelment Form 2016-17 now hosted

11 May 2016 at 11:19

Multipurpose Empanelment Form for the year 2016-17 is an on line application. Members can fill up the application form directly on the site itself and Submit it.Members can view the Application and can Edit the Application in different stages.However

Posted in Professional Resource | 4977 Views

India revises treaty with Mauritius to tax capital gains

11 May 2016 at 11:19

India and Mauritius sign the Protocol for amendment of the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital Gains The Protocol for amendment of the Convention for the av

Posted in Income Tax | 3249 Views

Declaration of Assets & Liabilities in the new ITR forms

11 May 2016 at 11:19

Central Board of Direct Taxes (CBDT) have released new income-tax return formswith mandatory provisions of declaring Assets & Liabilities (A&L) such as cars, jewellery yacht, aircrafts, shares, properties, etc. Prior to Assessment Year (A.Y.)

Posted in Income Tax | 1 comments | 7404 Views

Steps to give relief to small taxpayers and to the small business and professionals

09 May 2016 at 10:29

Revenue Department takes various measures to boost-up growth and employment generation; Steps to give relief to the small tax payers and to the small business and professionals The Revenue Department of the Ministry of Finance takes several steps fo

Posted in Income Tax | 1 comments | 5778 Views

Offshore Tax Evasion

07 May 2016 at 12:30

While there are impediments in obtaining information relating to undisclosed assets stashed away abroad, pursuant to various initiatives taken by the Government, the flow of information has improved leading to better enforcement action. The Governmen

Posted in Income Tax | 3897 Views

4.14 crore return processed without human intervention this year

07 May 2016 at 12:30

Optimum Use of Technology for Expeditious Disposal of Assessment and Refunds;In FY 2015-16, 94% of income tax returns were filed online and 4.14 crore returns processed without any human intervention; More than 2.10 crore refunds amounting to Rs.1,22

Posted in Income Tax | 4299 Views

Insolvency and Bankruptcy code 2016 passed by Lok Sabha

07 May 2016 at 12:30

Insolvency and Bankruptcy code 2016 passed by Lok Sabha PFA the attached file for more details

Posted in LAW | 5439 Views

Lok Sabha passes the Finance Bill,2016

06 May 2016 at 12:04

Lok Sabha passes the Finance Bill,2016 Please refer to the attached file for details

Posted in Income Tax | 5220 Views

Strict action taken against non performing tax officials

06 May 2016 at 10:49

Government takes strict action against defaulting/non performing tax officials/officers; For the First Time, 33 officials/officers including 7 Group ‘A’ officers prematurely retired for non-performance and 72 officers/officials including

Posted in Professional Resource | 1 comments | 5172 Views

Income arising from unlisted shares taxable under capital gains

06 May 2016 at 10:49

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 5th May, 2016Subject: Taxability of Income/Loss arising from Transfer of Unlisted Shares-reg.CBDT, vide order dated 2nd May, 2016 has given direction t

Posted in Income Tax | 4344 Views