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Bank to obtain PAN or Form 60 for all Bank accounts
09 January 2017 at 10:38Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017. Income-tax Rules have been amended to provide that bank shall obtain a
Old notes returned figures might change says RBI
06 January 2017 at 10:49Clarification regarding Specified Bank Notes (SBNs)There had been various estimates on SBNs tendered in certain sections.We would like to clarify that the periodical SBN figures released by us were based on aggregation of accounting entries done at t
World economy is quite fragile yet India appears to be much better placed says FM
06 January 2017 at 10:49FM: Though the world economy is quite fragile yet India appears to be much better placed today on the back of improvement in its macro-economic fundamentals;Government’s measures to eliminate the shadow economy and tax evasion are expected to h
Appointment of Chairperson in Appellate Authority u/s 22A of The Chartered Accountants Act, 1949
05 January 2017 at 10:45MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 13th December, 2016 G.S.R. 1130(E).�In exercise of the powers conferred by sub section (1) of section 22A of the Chartered Accountants Act, 1949 (38 of 1949), section 22A of the Cost and W
CBDT signs three more APA pertaining to the Engineering Goods and Shipping sectors
05 January 2017 at 10:45Central Board of Direct Taxes signs three more Advance Pricing Agreements pertaining to the Engineering Goods and Shipping sectors. With this, the total number of APAs entered into by the CBDT reaches 120.The Central Board of Direct Taxes (CBDT) has
Arun Jaitley holds pre budget consultation with FM of all states
05 January 2017 at 10:45The Union Finance Minister Shri Arun Jaitley holds Pre-Budget consultations with the Finance Ministers of all States/ UTs (with legislature); FM: Various steps taken by theCentral Government in recent past to unearth black money will help in curbing
Updated FAQ on withdrawal of old bank notes
05 January 2017 at 10:45Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of ₹ 500 and ₹ 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016(Updated as on January 04, 2017)1. Why was the Scheme of Withdrawal of Legal Ten
Applicability of amendments for May 2017 CA exams
04 January 2017 at 10:36Applicability of amendments for May 2017 CA exams
Govt collects Rs 21432 crore through disinvestment
03 January 2017 at 18:04Government realizes Rs.21,432.38 crore, by end-November 2016, through CPSE's disinvestment receipts, constituting around 59.53 % of the Budgeted Target of Rs. 36,000 crore ; Government takes various steps to accelerate the disinvestment process
Revision of interest rates for Small Savings Schemes
03 January 2017 at 10:38F. No. 1/0412016-NS.II Government of India Ministry of Finance Department of Economic Affairs (Budget Division) North Block, New Delhi Dated: December 30, 2016 OFFICE MEMORANDUM Subject: Revision of interest rates for Small Savings Schemes. The unde
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