CAclubindia News

Direct tax collection upto December shows 12.01% growth

11 January 2017 at 11:14

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesDirect Tax Collections up to December, 2016 show Growth of 12.01% The figures for Direct Tax collections up to December, 2016 show that revenue net of refunds is

Posted in Income Tax | 2091 Views

No charges on use of cards at petrol stations

10 January 2017 at 10:35

No additional levy on use of cards at petrol stations says Petroleum Minister MoS (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan said neither the customers nor petrol pump dealers will bear additional charges on digital transactions at

Posted in Service Tax | 4794 Views

CBEC initiates process of migration of existing Central excise and Service tax assessee

10 January 2017 at 10:35

To ensure implementation of GST by 1st April, 2017, Central Board of Excise & Customs (CBEC) has initiated the process of migration of its existing Central Excise/Service Tax assessees to GST from today. A 24x7 Helpdesk (Through Toll-Free number

Posted in Service Tax | 1 comments | 16551 Views

More than 10 million downloads of BHIM app in 10 days

09 January 2017 at 18:05

PM delighted over 10 million downloads of BHIM App in 10 daysThe Prime Minister Shri Narendra Modi has expressed delight over 10 million downloads of BHIM App in a span of 10 days." Delighted to know that in a span of 10 days there have been ove

Posted in Others | 1 comments | 5025 Views

Tax collection figures for the period April to December 2016 show a positive trend

09 January 2017 at 18:05

Tax collection figures for the period April -December 2016 show a positive trend as Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year i.e. April-December 2015Direct Tax and Indirect tax collection figu

Posted in Income Tax | 3 comments | 2163 Views

Bank to obtain PAN or Form 60 for all Bank accounts

09 January 2017 at 10:38

Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017. Income-tax Rules have been amended to provide that bank shall obtain a

Posted in Income Tax | 19383 Views

Year end review of 2016 by CBDT

09 January 2017 at 10:38

Major Achievements of CBDT in Current Financial Year 2016-17 so far include among others Enactment of The Benami Transactions (Prohibition) Amendment Act, 2016, Implementation of The Direct Tax Dispute Resolution Scheme, 2016 and of GAAR from Assessm

Posted in Income Tax | 1 comments | 3348 Views

Old notes returned figures might change says RBI

06 January 2017 at 10:49

Clarification regarding Specified Bank Notes (SBNs)There had been various estimates on SBNs tendered in certain sections.We would like to clarify that the periodical SBN figures released by us were based on aggregation of accounting entries done at t

Posted in Others | 1 comments | 4317 Views

World economy is quite fragile yet India appears to be much better placed says FM

06 January 2017 at 10:49

FM: Though the world economy is quite fragile yet India appears to be much better placed today on the back of improvement in its macro-economic fundamentals;Government’s measures to eliminate the shadow economy and tax evasion are expected to h

Posted in Professional Resource | 2985 Views

Appointment of Chairperson in Appellate Authority u/s 22A of The Chartered Accountants Act, 1949

05 January 2017 at 10:45

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 13th December, 2016 G.S.R. 1130(E).�In exercise of the powers conferred by sub section (1) of section 22A of the Chartered Accountants Act, 1949 (38 of 1949), section 22A of the Cost and W

Posted in Professional Resource | 3366 Views