CAclubindia News

Recognition of Deferred Tax Assets for Unrealised Losses Proposed amendments to IAS 12

10 September 2014 at 11:02

This Exposure Draft, published by the International Accounting Standards Board (IASB), contains proposed amendments to IAS 12, Income Taxes. The proposed amendments are in response to a request to the IFRS Interpretations Committee (the Interp

Posted in Income Tax | 14493 Views

Increase in DA of govt employees

05 September 2014 at 10:46

Release of additional installment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners due from 01.07.2014 The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the releas

Posted in Community & General | 5 comments | 19527 Views

Criteria for manual selection of scrutiny cases

04 September 2014 at 18:03

Instruction No. 6/2014Government of India Ministry of Finance Department of Revenue Central Board of Direct TaxesNorth-Block, IT (A-II) DivisionNew Delhi the 2nd of September, 2014 Subject: Compulsory manual selection of cases for scrutiny during t

Posted in Income Tax | 1 comments | 23115 Views

Government sets up committee to devise the Producer Price Index

04 September 2014 at 10:47

The government has set up a committee to devise an all new barometer called the Producer Price Index as it is readying to consign the Wholesale Price Index to history, months after Reserve Bank of India started giving more importance to the upgraded

Posted in Community & General | 9639 Views

FM approves setting up of a committee to Examine unclaimed amount in PPF

04 September 2014 at 10:46

Finance Minister Approves Setting-up of A Committee to Examine un-Claimed Amount Remained in PPF, Post Office and Savings Schemes and Recommend how this Amount can be Used to Protect and Further the Financial Interest of the Senior Citizens. The Uni

Posted in Community & General | 1 comments | 13785 Views

Income arising from restrospective amendment to be examined by high level committee

03 September 2014 at 17:17

A High Level Committee Constituted for Considering the Proposals for Assessment of Income arising or accruing before 1st April, 2012 on Account of Retrospective Amendments to the Provisions Related to Indirect Transfer The Finance Minister Shri Arun

Posted in Community & General | 2 comments | 15123 Views

ICMAI - President's Communique for September 2014

03 September 2014 at 16:07

Where is the Life we have lost in living? Where is the wisdom we have lost in Knowledge? Where is the knowledge we have lost in information? -- TS Elliot My Dear Professional Colleagues, September is starting with some good tidings

Posted in Students | 6 comments | 13923 Views

Correction Window for November-2014 Online Exam Forms

03 September 2014 at 10:31

Correction Window It is seen that candidates while filling the exam forms ( either online or physical) do not exercise reasonable care and commit errors. This creates lots of difficulties for them as well as the office at Admit Card stage and ther

Posted in Students | 3 comments | 21186 Views

CA firms can have now more than 20 partners

03 September 2014 at 10:31

The Council of the Institute has clarified that the earlier restriction of maximum of 20 partners permitted for firms under section 11 of the Companies act, 1956 is no more applicable to the firms as Section 464 of the Companies Act, 2013 has been no

Posted in Corporate Law | 13 comments | 31698 Views

First quarter GDP growth increases to 5.7 percent

30 August 2014 at 12:54

Finance Ministry: Performance of the Economy in the First Quarter of the Financial Year 2014-15 ss Broadly on Expected Lines The Finance Ministry states that the performance of the economy in the First Quarter of the Financial Year 2014-15 is broadl

Posted in Community & General | 1 comments | 13629 Views