CAclubindia News

Income Tax Searches in Tamil Nadu net more than Rs 700 crore

12 August 2019 at 11:04

The Income Tax Department conducted a search and seizure operation on 06.08.2019 in the case of one of the major producers of beer and IMFL in Tamil Nadu. The search action was launched in the early hours of Tuesday at 55 premises in various places i

Posted in Income Tax | 5766 Views

Income Tax Department detects Benami business of running of petrol outlets in Meghalaya

12 August 2019 at 11:04

In a swift and coordinated action on Friday, 2nd August 2019, the Investigation Wing of Income Tax Department, NER carried out searches on certain businessmen in Meghalaya found to be involved in running a web of petrol pumps managed and controlled a

Posted in Income Tax | 5685 Views

Registration open for Articleship Exam on September 8, 2019

09 August 2019 at 12:14

The next practical training assessment test is being scheduled on September 8, 2019. The students who have completed their 1st/ 2nd year of practical training during October, 2018 - June, 2019 are eligible to appear in this test.The students who have

Posted in Students | 2 comments | 5871 Views

Enhancement of Monetary limits for filing of appeals by the IT Department

09 August 2019 at 12:14

There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the importance of litigation management and has been continuously working towards achieving the same.To effectively reduce tax

Posted in Income Tax | 6021 Views

RBI lowers repo rate by 35 basis points

08 August 2019 at 11:21

RBI/2019-20/36DBR.No.Ret.BC.10/12.01.001/2019-20August 07, 2019The Chairperson / CEOs of all Scheduled and Non Scheduled BanksDear Sir / MadamChange in Bank RatePlease refer to our circular DBR.No.Ret.BC.44/12.01.001/2018-19 dated June 06, 2019, on t

Posted in Others | 2487 Views

Guidelines on UDIN function issued

07 August 2019 at 11:55

ANNOUNCEMENTIn exercise of the powers conferred on it under Item No.(1) of Part- II of the Second Schedule to the Chartered Accountants Act, 1949, the Council of the Institute of Chartered Accountants of India has issued the following guidelines for

Posted in GST | 9891 Views

ICSI representation for inclusion of CS in definition of Accountant under IT Act

06 August 2019 at 11:30

ICSI Representation for inclusion of CS in the definition of Accountant under the Income Tax Act, 1961To read in details, find the enclosed file

Posted in Income Tax | 7 comments | 8085 Views

Schedule of ICAI Convocation 2019 for new qualified CAs

06 August 2019 at 11:30

ICAI Convocation 2019 is proposed to be held as per following schedule in which newly enrolled members of the period December 2018 to April 2019 will be awarded Certificate of Membership amidst august gathering of CA fraternity. Sr. No. Plac

Posted in Professional Resource | 1 comments | 6405 Views

IT Search on a prominent Real Estate Group in Mumbai

05 August 2019 at 11:59

Search on a prominent Real Estate Group in MumbaiThe Income Tax Department conducted Search and Seizure operation on 29.07.2019 on a prominent group involved in Real Estate Development, covering more than 40 premises across Mumbai and Pune. During t

Posted in Income Tax | 4 comments | 6984 Views

GST Commissionerate busts a racket of issuance of fake GST invoices

05 August 2019 at 11:59

Central GST Delhi North Commissionerate has busted a racket of issuance of fake invoices without actual supply of goods and services.Central GST Delhi North Commissionerate has busted a racket of issuance of fake invoices without actual supply of goo

Posted in GST | 4 comments | 8652 Views