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Study Material applicable for IIPCC Taxation exams

02 October 2017 at 14:39

Announcement for May 2018 & November 2018 IIPCEStudy Material applicable for IIPCC Paper 4: Taxation Students of IIPCC, appearing in May 2018 and November 2018 examinations, may note that the new Study Material for Intermediate Paper 4: Taxation

Posted in Exams | 2 comments | 7521 Views

Announcement for Final Old Course Students appearing in May & Nov 2018 exams

02 October 2017 at 14:39

Announcement for Final (Old Course) Students appearing in May 2018 & November, 2018 ExaminationsStudy Materials applicable for Paper 7: Direct Tax Laws & Paper 8: Indirect Tax LawsStudents of Final (Old) Course, appearing in May, 2018 and Nov

Posted in Students | 7 comments | 12885 Views

Facility for exporters to furnish Letter of Undertaking instead of bonds

02 October 2017 at 14:39

Small exporters have brought to the notice of the Government the difficulties in furnishing bond with requisite bank guarantee. To facilitate exports under GST, it has been decided that the facility of furnishing Letter of Undertaking, in place of a

Posted in GST | 3537 Views

Number of taxpayers increases to 6.26 crore

02 October 2017 at 14:38

FM: Income Tax Department takes various initiatives to bring about efficiency, transparency, and fairness in Tax Administration; Government is committed to widen the tax base by encouraging and incentivising the new tax payers; Number of tax payers i

Posted in Income Tax | 3255 Views

Rates of Interest on Small Savings Schemes to remain unchanged

02 October 2017 at 14:38

Rates of Interest on the various Small Savings Schemes for the Third Quarter of the Current Financial Year 2017-18 starting from 1st October, 2017 to remain unchanged. The Government of India has decided that the rates of interest on the various Smal

Posted in Community & General | 2367 Views

ICAI President's Message - October 2017

02 October 2017 at 12:11

My dear professional colleagues,On 15th August 1947, India's first Prime Minister Shri Jawaharlal Nehru had proclaimed that our endeavours must aim to bring freedom and opportunity to the common man, fight and end poverty and ignorance, and bui

Posted in Professional Resource | 2586 Views

GST revenue dips to 90669 crore for August

27 September 2017 at 11:31

The Goods and Services Tax (GST) was introduced on 1st of July, 2017. In the press release dated 29th August, 2017, it was reported that the total revenue of GST paid under different heads for the month of July, 2017 (upto 29th August) was Rs. 92,283

Posted in GST | 2 comments | 6063 Views

GST Actionable Claim On Branded Food Products

23 September 2017 at 13:16

Notification Issued For GST Actionable Claim On Branded Food Products The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, inter alia, recommended that for 5% GST rate on cereals, pulses and flours etc. put up in unit co

Posted in GST | 1 comments | 6324 Views

Tax Payers Advised To Confirm Identities Of Income Tax Search Authorities

23 September 2017 at 13:16

The Income Tax Department in the Delhi region regularly conducts search/survey/verification exercises in case of suspected tax evaders to uncover concealment of undisclosed income/assets as per the law.However, instances have been brought to the noti

Posted in Income Tax | 4713 Views

Blockage of Working Capital of Exporters

23 September 2017 at 13:16

There are lot of apprehensions expressed in the media about the problem of blockage of working capital for exporters post-GST. There are various figures also being discussed on the blockage of such funds, which are wild estimates. Such media reports

Posted in GST | 4089 Views