CAclubindia News

RBI keeps the repo rate unchanged at 6.25%

07 April 2017 at 11:11

RBI/2016-2017/268FMOD.MAOG. No. 118/01.01.001/2016-17April 06, 2017All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary DealersMadam / Sir,Liquidity Adjustment Facility – Repo and Reverse Re

Posted in Others | 1968 Views

Mandatory Quoting of Aadhaar for Return filing not applicable to Non resident

06 April 2017 at 12:42

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesSection 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application f

Posted in Income Tax | 3096 Views

Govt completes all Budget related process before 1st April

06 April 2017 at 12:42

Lok Sabha Speaker congratulates the Prime Minister, Union Finance Minister, Members of Union Cabinet, Members of Lok Sabha and Officers and Staff of Lok Sabha Secretariat, Ministry of Finance & Parliamentary Affairs for completing all the Budget

Posted in Others | 2157 Views

Highlight of the CAG report on Direct Taxes

06 April 2017 at 10:54

HighlightsThe Comptroller and Auditor General of India conducts the audit of Receipts from Direct Taxes of the Union Government under section 16 of the Comptroller Auditor General of India (Duties, Power and Conditions of Service) Act, 1971. This Rep

Posted in Audit | 4170 Views

Disclosure of specified bank notes in auditor's report

06 April 2017 at 10:54

Regarding disclosure requirement and reporting requirement in the Auditor’s Report that the company has provided requisite disclosures in its financial statements as to holdings as well as dealings in Specified Bank Notes during the period from

Posted in Audit | 10161 Views

ICAI asks members to pay fees online

06 April 2017 at 10:54

Greetings from ICAI! We take the opportunity to request you to renew your membership for the year 2017-18 with the Institute by remitting the annual membership/certificate of practice fees, which become due for payment on 1st April, 2017 and need to

Posted in Professional Resource | 2 comments | 3105 Views

No restriction on withdrawal of cash from bank u/s 269ST

05 April 2017 at 23:29

Budget 2017 takes Steps to discourage Cash transactions & curb Black Money Various legislative steps have been taken by the Finance Act, 2017 to curb black money by discouraging cash transaction and by promoting digital economy. These prominentl

Posted in Income Tax | 7 comments | 25989 Views

Revenue department exceeds revised Tax collection target of 2016-17

05 April 2017 at 11:20

Revenue Department exceeds Revised Tax Collections target for 2016-17 around 18% taken together in case of Direct and Indirect Taxes; Provisional figure of Total Tax Collections in 2016-17 is Rs. 17.10 Lakh Crore as against the Revised Target of Rs.

Posted in Income Tax | 1 comments | 2805 Views

Highlights of Major Changes in CGST / IGST Bill

04 April 2017 at 11:16

Highlights of Major Changes in CGST / IGST Bill PFA the file to know more in details

Posted in GST | 7782 Views

CBDT invites comments on notification issued to stop misuse of long term capital gain

04 April 2017 at 11:16

Central Board of Direct Taxes requests for stakeholder�s comments on draft of Notification to be issued Under Section 10(38) of the Income-tax Act, 1961 Section 10(38) of the Income-tax Act, 1961 (�the Act�), prior to its amendment

Posted in Income Tax | 1 comments | 4020 Views