CAclubindia News

ICAI President's Message, September 2018

01 September 2018 at 15:15

My dear Professional Colleagues, This 15th August, we celebrated our 72nd Independence Day, remembering the avid contribution of our freedom fighters, by hoisting our National Flag at our headquarters, and at the offices of our Reg

Posted in Professional Resource | 1 comments | 6594 Views

Furnishing of father's name not compulsory for PAN application

01 September 2018 at 12:27

Draft notification proposing amendments in rule 114 of the Income-tax Rules, 1962 and permanent account number application Forms (Form 49A and Form 49AA) - Inviting comments of stakeholdersRule 114 of the Income-tax Rules, 1962 (I.T.Rules) inter alia

Posted in Income Tax | 8 comments | 8529 Views

Banks to remain open in first week of September

01 September 2018 at 12:27

Banks will remain open and banking activity will continue unimpeded in the first week of SeptemberBanks will only observe holidays on Sunday, 2nd September and second Saturday, 8thSeptember ; Monday, 3rd September is not a pan India holidayATMs in al

Posted in Others | 2259 Views

GDP grows by 8.2 percent in first quarter

01 September 2018 at 12:27

8.2 percent Growth of GDP in real terms in Q1 of 2018-19 in line with momentum built in the economy & broad -basedThe Central Statistics Office today released the estimates of GDP for the first quarter (Q1) of 2018-19. In line with momentum buil

Posted in Others | 2421 Views

Demonetization and its impact on Tax collection : Govt

31 August 2018 at 11:25

The Reserve Bank has twice released its reports stating that the demonetized Notes of `500 and `1000 have been substantially deposited in the Banks. A widely stated comment has been that just because most of the currency came back into the Banks, th

Posted in GST | 15 comments | 11436 Views

Govt approves additional 2 percent DA to benefit mmore than 1 crore employees

30 August 2018 at 11:30

Cabinet approves additional 2 percent Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1st July, 2018The Union Cabinet, chaired by the Prime Minister Shri Narendra Modihas approved to release an a

Posted in Others | 2 comments | 4140 Views

Registration for the new Practical Training exams

30 August 2018 at 11:30

The Council has decided to assess students after completion of first and second year of practical training with online MCQ based tests. To begin with, the tests are being scheduled on September 23, 2018 and October 21, 2018. The students who have com

Posted in Exams | 7 comments | 16593 Views

Extension of date for filing of IT Returns for taxpayers in Kerala

29 August 2018 at 16:31

In view of the disruption caused due to severe floods in Kerala, the Central Board of Direct Taxes (CBDT) hereby further extends the “Due Date” for furnishing Income Tax Returns from 31st August, 2018 to 15th September, 2018 for all Incom

Posted in GST | 1 comments | 3177 Views

Draft quick insights on GST in various industry

29 August 2018 at 16:31

Draft Quick Insight on GST - Entertainment Industry, Hospitality Industry, Construction & Infrastructure Industry and Textile Industry Draft Quick Insight on GST - Entertainment Industry Draft Quick Insight on GST - Hospitality Industry Draft

Posted in GST | 3981 Views

Committee recommends measures on penal provisions of Company Act 2013

28 August 2018 at 10:48

Committee on review of penal provisions of Company Act 2013 submits final report to Shri Arun JaitleyRecommends Restructuring of Corporate Offences to relieve Special Courts from adjudicating routineoffences; De-clogging the NCLTMade several recommen

Posted in Corporate Law | 2949 Views