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ICAI invites suggestions on revised Model GST Law
03 December 2016 at 12:11Your feedback / concerns and suggestions received on Model GST Law were communicated and as can be seen many amendments are due to the suggestions made by us. CBEC has now released revised draft Model GST Law in the public domain. The same can be vie
Bank official suspended for not following RBI guidelines
03 December 2016 at 12:11Action taken in cases of bank officials involved in carrying out irregular transactions violative of RBI’s instructions post demonetisation of Specific Bank Notes by the Government w.e.f. midnight of 8th November 2016 Pursuant to the decision
No seizure of gold jewellery upto 500 grams per married lady and 250 gm for unmarried
02 December 2016 at 11:30Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired-out of disclosed sources or exempted income shall become taxable under the proposed Taxation Laws (Second Amendment) Bill, 2016, i
RBI advises banks not to trust guidelines being circulated in social media
02 December 2016 at 11:08Information from Unauthenticated Sources � Advisory to banksRBI/2016-17/166DCM (Plg) No.1500/10.27.00/2016-17The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBank
Old 500 Note cannot be used at Petrol Pump and for Air Ticket Purchase wef 03.12.2016
01 December 2016 at 17:41MINISTRY OF FINANCE(DEPARTMENT OF ECONOMIC AFFAIRS)NOTIFICATIONNew Delhi, the 30th November, 2016S.O. 3598(E).�In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central
ICAI President's Message - December 2016
30 November 2016 at 16:32Indian accountancy profession has been acting responsibly offering its complete support to the Government of India in its initiatives, particularly those relating to economy.
Interest rate cut in PPF and KVP by 0.10 percent in this quarter
30 November 2016 at 11:14Interest rate cut for long term saving schemes The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme, 2004, and Sukanya Samriddhi Account (the Girl Child Scheme) were reduced by 0.10 percentage po
Procedure for registration as an Insolvency Professional with ICAI
30 November 2016 at 10:42The Indian Institute of Insolvency professionals of ICAI (IIIPI), a section 8 Company formed by the Institute of Chartered Accountants of India to enroll and regulate insolvency professionals as its members in accordance with the Insolvency and Bankr
POS Devices exempted from Central Excise Duty till 31st March
30 November 2016 at 10:42Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017. The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016.
Cash withdrawal restriction removed of deposit made in legal tender on or after November 29, 2016
29 November 2016 at 13:40RBI/2016-17/163DCM.No.1437/10.27.00/2016-17November 28, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Cooperative Banks/State Cooperative Banks/
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