CAclubindia News

IDS 2016 scheme unearths Rs 65250 crore black

03 October 2016 at 11:00

Income Declaration Scheme 2016 unearths Rs.65250 crore of hitherto Undeclared Income and Assets; 64275 declarations filed under IDS-2016 up to the midnight of 30th September, 2016 The Income Declaration Scheme, 2016 came into effect from 1st June, 2

Posted in Income Tax | 1 comments | 3858 Views

Govt working on target date of 1st April 2017 for GST roll out

01 October 2016 at 12:08

FM: Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country. The Union Finance Minister Shri Arun Jaitley said that the Government is working on a target date of 1st April, 2017 for

Posted in GST | 1 comments | 7971 Views

Constitution of Expert Group by MCA to look into issues related to Audit firms

01 October 2016 at 12:08

F. No. 17/112/2016-CL-VGovernment of IndiaMinistry of Corporate AffairsDr. Rajendra Prasad Road, New Delhi � 110001Dated 30th September, 2016ORDERSub: Constitution of Expert Group to look into issues related to Audit firmsSeveral audit firms ha

Posted in Audit | 3507 Views

Clarification on the difference in requirement relating to auditor rotation

01 October 2016 at 12:08

1. The Council of the Institute of Chartered Accountants of India (ICAI), at its 359th meeting held on September 16-17, 2016 considered an issue regarding the difference in requirements relating to the auditor’s rotation under the SQC 1, &ldquo

Posted in Audit | 1 comments | 3771 Views

ICAI President's Message - October 2016

30 September 2016 at 18:00

In India, October begins with celebrations of the birthday of the Father of the Nation. Long before the smart CRM tools found their way into our daily lives, Mahatma Gandhi had emphasised on Customer Satisfaction.

Posted in Professional Resource | 3 comments | 4194 Views

Revised Monetary Limits for adjudication of Show Cause Notice in Central Excise and Service Tax

30 September 2016 at 10:48

Circular No. 1049/37/2016-CX F. NO. 267/40/2016-CX.8 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS New Delhi, dated the 29thSeptember, 2016 To,All principal Chief Commissioners/Chief Commissioners o

Posted in Excise | 7023 Views

India climbs to 39th place in Global Competitiveness index

29 September 2016 at 10:48

India climbs steadily in the Global Competitiveness Index; Improves its ranking by 16 places for the second year in a row;. Now placed 39th among 138 countries, ahead of BRICS countries other than China. The Union Finance Minister Shri Arun Jaitley

Posted in Professional Resource | 3159 Views

Service Tax Return Form ST3 has been amended

28 September 2016 at 20:37

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and CustomsNew Delhi, the 28 September, 20166 Asvina, 1938 SakaNotificatio

Posted in Service Tax | 9927 Views

Presentation by CBEC on GST

28 September 2016 at 10:48

PRESENTATION PLAN Why GST : perceived benefits Existing indirect tax structure Features of constitution amendment bill Features of proposed GST model Features of draft GST law GSTN Role of CBEC Way forwardPFA the enclosed attachment to view the prese

Posted in GST | 1 comments | 10386 Views

IDS declaration counter to remain open till midnight on 30th September

28 September 2016 at 10:47

In order to facilitate the declarants, counters for receiving declarations under the Income Declaration Scheme - 2016 to remain functional till 12:00 midnight on 30th September, 2016. In order to facilitate the declarants who would like to file the d

Posted in Income Tax | 2889 Views