CAclubindia News

87.79 crore banks accounts have been linked with Aadhaar

10 March 2018 at 12:38

As per the latest available information as on 05.03.2018, number of Aadhaar cards linked with PAN is 16,65,82,421 . Further, as on 02.03.2018, 8779.65 Lakhs Current Accounts and Savings Accounts have been linked with Aadhaar.There are number of secur

Posted in Income Tax | 2 comments | 2853 Views

Direct Tax collection show a growth of 19.5% till Feb 2018

09 March 2018 at 16:49

Direct Tax collections for F.Y. 2017-2018 show growth of 19.5% up to February, 2018The provisional figures of Direct Tax collections up to February, 2018 show that net collections are at Rs.7.44 lakh crore which is 19.5% higher than the net collectio

Posted in Income Tax | 2505 Views

Cabinet approves two percent Dearness Allowance to Central Government employees

08 March 2018 at 11:25

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensionersw.e.f. 01.01.2018 representing

Posted in Community & General | 2307 Views

Cabinet approves the Arbitration and Conciliation (Amendment) Bill, 2018

08 March 2018 at 11:25

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Arbitration and Conciliation (Amendment) Bill, 2018 for introduction in the Parliament. It is a part of the efforts of the Government to encourage institutional arbitrati

Posted in Community & General | 2487 Views

Allocation of work among joint auditors in case of Bank Audits

07 March 2018 at 11:13

Advisory for the Members regarding Allocation of Work among the Joint Auditors in case of Bank Audits 1. As you are aware that ICAI has issued Standard on Auditing (SA) 299, �Responsibility of Joint Auditors�. Regarding allocation of work

Posted in Audit | 3231 Views

Participation of States in E-Way Bill System

07 March 2018 at 11:13

All States have joined the Government’s centralized e-way bill system for inter-State transport of goods by road under the GST regime. Accordingly, the Government, on the recommendations of the GST Council, appointed the 1st day of February, 20

Posted in GST | 3654 Views

NFRA to have power to impose penalty on audit firms

07 March 2018 at 11:13

The Chartered Accountants Act, 1949 (Act) provides for imposition of penalties on members of the Institute of Charted Accountants of India (ICAI).The ICAI had submitted a proposal to the Government for amendment to the Act to, inter alia, provide for

Posted in Audit | 5 comments | 3075 Views

Schedule of Mock Test Paper for CA exams

06 March 2018 at 11:08

Schedule of Mock Test Paper � Foundation, Intermediate & Final (New Course) / IIPC & Final (Old Course) Foundation Course Date Time Subject Time Subject 17th Mar�18

Posted in Exams | 7 comments | 12069 Views

Govt constitutes steering committee on Fintech

06 March 2018 at 11:08

The Government constitutes a Steering Committee on Fintech related issues to consider various issues relating to development of Fintech space in India with a view to make Fintech related regulations more flexible and generate enhanced entrepreneurshi

Posted in Community & General | 2184 Views

Cabinet approves Fugitive Economic Offenders Bill

03 March 2018 at 12:22

01-March-2018 18:55 ISTPress Information BureauGovernment of IndiaMinistry of FinanceCabinet approves Fugitive Economic Offenders Bill, 2018Offences worth Rs.100 crore or more under the Bill Property of Fugitive Economic Offenders to be attachedThe U

Posted in Community & General | 1 comments | 2667 Views