CAclubindia News

We are now rapidly completing remonetisation exercise says FM

14 December 2016 at 11:03

Transcription of the Finance Minister’s Statement made to media today The Congress party was in power for 10 years continuously from 2004-14. There were two striking features of that regime. The First that it did not take even a single step eit

Posted in Others | 4 comments | 3054 Views

RBI directs banks to maintain CCTV recordings of operations at bank branches

13 December 2016 at 16:05

RBI/2016-17/181DCM (Plg) No. 1712/10.27.00/2016-17December 13, 2016The Chairman & Managing DirectorChief Executive OfficersAll BanksDear Sir,Preservation of CCTV recordingsPlease refer to paragraph (5) of our circular DCM (FNVD) No.1134/16.01.05/

Posted in Others | 2595 Views

Extension of last date of form submission for financial assistance to article students

13 December 2016 at 16:05

The Board of Trustees has decided to provide financial assistance of Rs. 1500/- p.m, for articled assistants who are registered for Intermediate (IPC)/IPCC course and Rs. 2000/- P.M. for those students registered for final course and are currently un

Posted in Students | 1 comments | 4731 Views

RBI denies any move to cancel license of Axis bank

13 December 2016 at 10:45

The Reserve Bank of India today clarified that it has not initiated any action to cancel the banking licence of Axis Bank in the wake of certain allegations about some serious irregularities in transactions relating to deposit/exchange of Specified B

Posted in Others | 4 comments | 3945 Views

ICAI issues mandatory KYC norms for its members

12 December 2016 at 11:28

ANNOUNCEMENT OF KYC NORMS All the members of Institute of Chartered Accountants of India (ICAI), who are in practice, are hereby informed that the Council has formulated the Know Your Client (KYC) norms at it’s 356th Meeting held on 29th, 30th

Posted in Others | 3 comments | 13350 Views

Finance ministry directs all banks to maintain record of old and new currency deposit

12 December 2016 at 11:28

The Ministry of Finance through a letter to all the MDs &CEOs/CMDs of PSBs and Chairman, IBA directs that all the bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers about

Posted in Income Tax | 3474 Views

Exemption withdrawn for usage of Rs 500 old notes at railways

10 December 2016 at 15:42

Government withdraws exemptions given for the use of Rs.500/- old notes, from the mid night of December 9, 2016, for making payments at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses for purchase of tick

Posted in Others | 2 comments | 2496 Views

Direct tax collection grows to 4.12 lakh crore till Nov

10 December 2016 at 15:42

Direct Tax Collections up to November, 2016 show net collections at Rs. 4.12 lakh crore which is 15.12% more than the net collections for the corresponding period last year

Posted in Income Tax | 3525 Views

ICAI submits Pre-Budget Memoranda-2017

10 December 2016 at 15:42

ICAI submits Pre-Budget Memoranda-2017 PFA the file to know in details

Posted in Professional Resource | 2 comments | 2841 Views

Seizure of Rs 106 crore Cash and 127 kg Gold in Chennai

10 December 2016 at 15:42

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesSeizure of Rs. 106.52 crore Cash and 127 kg Gold in the case ofSand mining Contractors at Chennai by the Income Tax DepartmentThe Investigation Directorate of Inc

Posted in Income Tax | 4 comments | 3843 Views