CAclubindia News

Tax collection shows healthy growth upto Jan 2017

11 February 2017 at 11:20

Tax Collection Figures up to January 2017 show consistent trend of healthy growth; During January 2017, the Net Indirect Tax grew at the rate of 16.9% compared to corresponding month last year with growth rate in net collections for Customs, Central

Posted in Income Tax | 2724 Views

Harsh punitive action to be taken against Shell Companies

11 February 2017 at 11:20

Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant companies, invocation of Benami Transactions (Prohibition) Amendment Act, 2016;A Task Force set-up under the

Posted in Corporate Law | 1 comments | 9882 Views

First Part of Budget Session 2017 of Parliament concludes

10 February 2017 at 10:39

The Budget Session, 2017 of Parliament commenced on Tuesday, 31st January, 2017 and subject to exigencies of government business, will be adjourned sine die on Wednesday, 12th April, 2017. Both the Houses have been adjourned for recess for a period o

Posted in Others | 3633 Views

Material applicable for IPC and CA Final Course for May 2017

09 February 2017 at 16:14

Applicable Material for Intermediate (IPC) and Final CoursePFA the file to know in details

Posted in Students | 1 comments | 17514 Views

Four Advance Pricing Agreements signed by CBDT

09 February 2017 at 11:09

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 7thFebruary, 2017.Another Four Advance Pricing Agreements signed by CBDTThe Central Board of Direct Taxes (CBDT) has entered into four more unilateral

Posted in Income Tax | 1 comments | 2715 Views

Cash withdrawal limit increased to Rs 50000 from 20th feb and removed from 13th March

09 February 2017 at 11:09

Removal of limits on withdrawal of cash from Saving Bank AccountsRBI/2016-17/224DCM (Plg) 3107/10.27.00/2016-17All BanksDear Madam / Sir,Removal of limits on withdrawal of cash from Saving Bank AccountsPlease refer to our circular DCM (Plg) 2905/10.2

Posted in Income Tax | 1 comments | 11748 Views

CBDT issues third round of Certificates of appreciation to tax payers

09 February 2017 at 11:09

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 7th February, 2017.CBDT issues third round of Certificates of appreciation to tax payers for their contribution towards Nation building.In continuatio

Posted in Income Tax | 2994 Views

Tax Relaxation under NPS

06 February 2017 at 11:35

The Finance Act, 2016 amended the Income-tax Act, 1961 (the Act) to provide that 40% of the amount payable to the employee subscriber of NPS on his closure of account or his opting out of the scheme, shall be exempt from tax.Further, Finance Bill, 20

Posted in Income Tax | 1 comments | 5316 Views

Tax Relief under GST

06 February 2017 at 11:35

All decisions of GST Council so far have been taken unanimously. Various states may have different points of view on an issue but the final decisions have been unanimous. The issue regarding treatment of the existing tax incentive schemes of the Cent

Posted in GST | 3 comments | 12492 Views

Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore

06 February 2017 at 11:35

Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore; the Budget Estimates fixed for direct taxes are Rs. 9,80,000 crore Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore. For the financial

Posted in Income Tax | 1 comments | 2289 Views