CAclubindia News

Four Advance Pricing Agreements signed by CBDT

09 February 2017 at 11:09

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

Posted in Income Tax | 1 comments | 2739 Views

Cash withdrawal limit increased to Rs 50000 from 20th feb and removed from 13th March

09 February 2017 at 11:09

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

Posted in Income Tax | 1 comments | 11763 Views

CBDT issues third round of Certificates of appreciation to tax payers

09 February 2017 at 11:09

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

Posted in Income Tax | 3024 Views

Tax Relaxation under NPS

06 February 2017 at 11:35

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

Posted in Income Tax | 1 comments | 5331 Views

Tax Relief under GST

06 February 2017 at 11:35

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

Posted in GST | 3 comments | 12537 Views

Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore

06 February 2017 at 11:35

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

Posted in Income Tax | 1 comments | 2331 Views

Submission of CA Examination Application Forms Online

06 February 2017 at 11:35

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

Posted in Exams | 16 comments | 11016 Views

ICSI welcomes Union Budget 2017-18

03 February 2017 at 10:34

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

Posted in Community & General | 1 comments | 3213 Views

New Benefits announced for NPS Subscribers in Union Budget 2017-18

03 February 2017 at 10:34

In a bid to provide further impetus to the National Pension System (NPS), the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today. Tax-exemption to partial withdrawal from National Pension System (NPS

Posted in Community & General | 4593 Views

Disallowance of depreciation on capital expenditure made in cash

02 February 2017 at 13:05

Under the existing provisions of the Act, revenue expenditure incurred in cash exceeding certain monetary threshold is not allowable as per sub-section (3) of section 40A of the Act except in specified circumstances as referred to in Rule 6DD of the

Posted in Community & General | 1 comments | 7140 Views