CAclubindia News

PM speaks at length on demonetizations in Mann ki baat

29 November 2016 at 10:44

English rendering of the text of PM’s ‘Mann Ki Baat’ address on All India Radio on 27.11.2016 My dear countrymen, Namaskar. Last month, all of us were celebrating Diwali. Like every year, this Diwali too, I had gone to the border, t

Posted in Professional Resource | 1 comments | 3165 Views

Bill introduced by govt in Parliament to tax black money

28 November 2016 at 17:12

Taxation Laws (Second Amendment) Bill, 2016 introduced in Lok Sabha; A scheme namely, Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) proposed in the Bill. Evasion of taxes deprives the nation of crit

Posted in Others | 18699 Views

IBA directs banks to accept payment of instalments under IDS 2016

28 November 2016 at 10:34

No.RB/CIR/OTC-IDS/1404A November 25, 2016 The Chief Executives of All Member BanksDear Sir/Madam,Income Declaration Scheme 2016 – Grievance regarding non-acceptance by banks of payments under IDS, 2016 through ITNS-286 We have received a commun

Posted in Income Tax | 3531 Views

RBI Announces Measures to Manage Liquidity Conditions

28 November 2016 at 10:34

With the withdrawal of the legal tender status of ₹ 500 and ₹ 1,000 denomination bank notes (hereafter referred to as Specified Bank Notes - SBNs) beginning November 9, 2016, there has been a surge in deposits relative to the expansion in bank credit

Posted in Others | 2865 Views

Revised Model Draft GST Law, IGST Law and GST Compensation Law Released by CBEC

26 November 2016 at 15:12

Draft Model GST Law, Draft IGST Law and Draft Compensation Law placed in the public domain for information of trade, industry and other stake holders. The Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would be considered by the

Posted in GST | 12546 Views

FM pushes banks for major cash less transaction

25 November 2016 at 10:59

The Union Finance Minister Shri Arun Jaitley holds Video Conferencing with Banks for major push to cash less transactions; Banks to now focus on stepping-up Transactions in mission mode through alternate banking channels such as NEFT, mobile wallets,

Posted in Income Tax | 1 comments | 4317 Views

No over the counter exchange of old notes from today

25 November 2016 at 10:59

After due consideration of all relevant aspects, the Central Government takes various decisions relating to certain operational aspects of the Scheme relating to cancellation of legal tender character of old Rs. 500 and Rs. 1000 notes; No over the co

Posted in Income Tax | 2 comments | 10071 Views

Steps taken by govt to promote digital payments

24 November 2016 at 11:13

The Central Government takes various decisions for the benefit of farmers in the current Rabi Season and to promote digital payments in the economy. Following the cancellation of legal tender character of old Rs. 500 and Rs.1000 notes, a number of me

Posted in Others | 1 comments | 4974 Views

CAs are eligible for registration as insolvency professionals

24 November 2016 at 11:13

Insolvency and Bankruptcy Board (IBBI) of India notifies (Insolvency Professional) Regulations, 2016; Regulations inter alia provide for registration, regulation and oversight of insolvency professionals under the Code; These regulations to come into

Posted in Professional Resource | 1 comments | 6576 Views

India signs declaration with Switzerland to retrieve information regarding Swiss bank holders

23 November 2016 at 11:10

India and Switzerland Sign ‘Joint Declaration’ for the implementation of Automatic Exchange of Information (AEOI) between the two countries Fighting the menace of Black Money stashed in offshore accounts has been a key priority area for t

Posted in Income Tax | 4 comments | 4686 Views