CAclubindia News
Standard Deduction of Rs 40,000 allowed to Salaried Taxpayers
01 February 2018 at 13:53Relief to salaried taxpayers: standard deduction of Rs 40,000 allowed in lieu of present exemptions2.5 Crores salaried employees and pensioners to benefitDifferently-Abled will continue to get transport allowance at enhanced rate In order to provide
Exemption of interest income on deposits increased to Rs 50,000 for senior citizens
01 February 2018 at 13:49With the objective of providing a dignified life to senior citizens, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, announced significant incentives for senior citizens.
LTCG on equity introduced at 10%
01 February 2018 at 13:44Rationalisation of long term capital gains proposedRevenue gain of about Rs.20,000 crores expected in the first yearThe Union Finance and Corporate Affairs Minister Shri Arun Jaitley today proposed to tax long term capital gains exceeding Rs.1 lakh
E-assessment to be rolled out across the country
01 February 2018 at 13:32E-assessment to be rolled-out across the country to transform age-old assessment procedureIn the General Budget 2018-19 presented in Parliament today, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to amend the Incom
Highlights of Budget 2018-19
01 February 2018 at 13:25Finance Minister Shri Arun Jaitley presents general Budget 2018-19 in Parliament. Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors Government says, a series of str
Last date for payment of CA membership fees extended to 15th March
01 February 2018 at 10:47ANNOUNCEMENTFor attention of MembersThe Council at its 371st meeting held from 18th to 20th December, 2017 and adjourned to/continued on 18th and 19th January, 2018 noted the difficulties faced by the members in payment of membership fee and certific
ICAI President's Message - February 2018
01 February 2018 at 10:23My dear Esteemed Professional colleagues,As you may be aware, World Bank’s Global Economic Prospects has estimated that India is likely to regain the position as the fastest growing economy in 2018 with growth expected to accelerate to 7.3 perc
Applicability of Ind AS for Final Exams under Old Course
31 January 2018 at 13:15Students appearing in May, 2018 or forthcoming examinations under old course, may note that the existing Accounting Standards will continue to be applicable for all chapters of the Final Paper 1
Timing for May 18 CA exams changed back to 2 pm
31 January 2018 at 11:24IMPORTANT ANNOUNCEMENTExamination Timings - CA May - 2018 ExaminationsAn announcement dated 9th January 2018 informing the schedule and timings of the CA Examinations-May 2018 was hosted on www.icai.orgThe said announcement had indicated that the CA
Revised Formats of Statutory Auditor's Report for Urban Cooperative Banks
31 January 2018 at 11:07FOR THE ATTENTION OF THE MEMBERSRevised Formats of Statutory Auditor's Report for Urban Cooperative Banks The Auditing and Assurance Standards Board of ICAI is issuing the following revised formats of the statutory auditor�s report for urba
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