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Applicability of Income Computation and Disclosure Standards
09 July 2016 at 11:24Applicability of Income Computation and Disclosure Standards notified under section 145(2) of the Income-tax Act, 1961 from Assessment Year 2017-18 The Central Board of Direct Taxes has vide Press Release dated 6.07.2016 (For copy click here) clarifi
ICDS to be applicable from 1st April 2016
07 July 2016 at 11:32Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 6th July, 2016Subject: Applicability of Income Computation and Disclosure Standards (ICDS) notified under section 145 (2) of the Income -tax Act, 1961.
Campus Placement Programme for Newly Qualified CAs
07 July 2016 at 11:32Announcement for Campus Placement Programme for Newly Qualified Chartered Accountants August-September,2016The Committee for Professional Accountants in Business & Industry (CPABI) of The Institute of Chartered Accountants of India (ICAI) takes
Govt considering having a new financial year
07 July 2016 at 11:32Government today constituted a Committee headed by Dr. Shankar Acharya (former Chief Economic Adviser) to examine the desirability and feasibility of having ‘a new financial year’; The Committee to submit its Report by 31st December, 2016
CBEC issues a Circular on recovery of confirmed demands during the pendency of stay application of duty
06 July 2016 at 10:50Central Board of Excise and Customs (CBEC) has issued a circular dated 04.07.2016 on the issue of ‘’Recovery of confirmed demand of tax during the pendency of stay application’’ in relation to indirect taxes. Confirmed demand
Transition scheme for existing students will be announced soon
05 July 2016 at 10:29FOR THE URGENT ATTENTION OF STUDENTSChange in syllabus under the Revised Education and Training Scheme Number of queries are being received from the students with respect to the proposed change in the curriculum of Education and Training of CA course
MCA issues order regarding rotation of auditors
04 July 2016 at 10:44Ministry of Corporate Affairs has issued Companies Third (Removal of Difficulty) Order, 2016, regarding applicability of the provisions of Rotation of Auditors as per Section 139 (2) of the Companies Act, 2013.PFA the enclosed attachment for more det
Govt assures complete confidentiality under income declaration scheme
04 July 2016 at 10:44The Government has assured complete confidentiality to those declaring their income under the Income Declaration Scheme 2016.
Government Notifies Rules regarding Fair market value
01 July 2016 at 11:17Government Notifies Rules regarding Fair market value and reporting requirement for Indian concern - Indirect transfer provisions - section 9(1) of the Income-tax Act, 1961 Under section 9 of the Income-tax Act, 1961 (the Act), any income arising fr
ICAI President's Message - July 2016
01 July 2016 at 11:17Dear Professional Colleagues, Heartiest greetings on CA Day! I wish all of you a very happy CA Day. All arrangements have been made to celebrate the legacy of the Indian accountancy profession with great enthusiasm in the form of flag hoisting
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