The Budget Session, 2017 of Parliament commenced on Tuesday, 31st January, 2017 and subject to exigencies of government business, will be adjourned sine die on Wednesday, 12th April, 2017. Both the Houses have been adjourned for recess for a period o
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Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 7thFebruary, 2017.Another Four Advance Pricing Agreements signed by CBDTThe Central Board of Direct Taxes (CBDT) has entered into four more unilateral
Removal of limits on withdrawal of cash from Saving Bank AccountsRBI/2016-17/224DCM (Plg) 3107/10.27.00/2016-17All BanksDear Madam / Sir,Removal of limits on withdrawal of cash from Saving Bank AccountsPlease refer to our circular DCM (Plg) 2905/10.2
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 7th February, 2017.CBDT issues third round of Certificates of appreciation to tax payers for their contribution towards Nation building.In continuatio
The Finance Act, 2016 amended the Income-tax Act, 1961 (the Act) to provide that 40% of the amount payable to the employee subscriber of NPS on his closure of account or his opting out of the scheme, shall be exempt from tax.Further, Finance Bill, 20
All decisions of GST Council so far have been taken unanimously. Various states may have different points of view on an issue but the final decisions have been unanimous. The issue regarding treatment of the existing tax incentive schemes of the Cent
Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore; the Budget Estimates fixed for direct taxes are Rs. 9,80,000 crore Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore. For the financial
Announcement2nd February 2017For the attention of candidates of CA examinationsSubmission of CA Examination Application forms on-lineIt is hereby informed that sale and submission of physical i.e. OMR examination application forms have been discontin
CS (Dr.) Shyam Agrawal, President, ICSI welcomes Union Budget 2017-18 with a focus on stimulating growth, providing relief to middle class, affordable housing, curbing black money, promoting digital economy, transparency in electoral funding and simp
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