CAclubindia News

Instruction for imposition of MAT on FII

14 May 2015 at 11:05

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE 11th May, 2015 Sub: Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs. Finance Minister has, while responding to

Posted in Others | 9939 Views

Approval to amend the Benami Transactions (Prohibition) Act, 1988

14 May 2015 at 11:05

As a sequel to the announcement in the Budget, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to amend the Benami Transactions (Prohibition) Act, 1988 by moving of the Benami Transactions (Prohibition) (Am

Posted in Others | 3 comments | 9846 Views

GST Constitutional Amendment Bill sent to Select Panel of Rajya Sabha

13 May 2015 at 15:26

Amid stiff resistance followed by walk out by the Congress Members, the Lok Sabha on May 6, 2015 had passed the much awaited Constitution (122nd Amendment) Bill, 2014 on Goods and Services Tax (�GST�) with 2/3rd majority. Being a Constitu

Posted in GST | 4 comments | 14844 Views

SIT recommends making tax evasion a crime

13 May 2015 at 10:32

In Chapter III of Second SIT report, the SIT has recommended as under: “Financial Action Task Force (FATF) on money laundering recommends ‘tax crimes’ to be made a predicate offence so that action can be taken under Prevention of Mo

Posted in Others | 1 comments | 8325 Views

Direct taxes worth Rs 6.95 lac crore collected during 2014-15

13 May 2015 at 10:32

Direct Taxes worth Rs. 6,95,988 Collected Druing 2014-15; Direct Taxes Contribute more than 56% to total Central Taxes During 2013-14 and 2014-15 The Revised Estimates and actual collections of Direct Taxes for the last three years are as under:

Posted in Income Tax | 2 comments | 10380 Views

Income tax related public grievances

13 May 2015 at 10:32

The Citizen’s Charter 2014 of Income Tax Department includes ‘Redressal of grievances’ within the specified timeline of 60 days, as one of the key taxpayer services provided by the Department. Redressal of grievances has been includ

Posted in Income Tax | 3 comments | 9144 Views

Details of CA examination to be held in Kathmandu

12 May 2015 at 10:25

CA examinations, initially scheduled to be held from 2nd to 17th May, 2015 at Kathmandu centres only, were postponed, on account of the devastating earthquake in Nepal. The said postponed Examinations will now

Posted in Exams | 1 comments | 16608 Views

Officers advised not to take coercive action against FII for recovery of MAT

12 May 2015 at 10:25

Posted in Income Tax | 1 comments | 7704 Views

Constitution of National Financial Reporting Authority

09 May 2015 at 11:35

The Companies Act, 2013 - Section 132 - Constitution of National Financial Reporting AuthoritySignificant Development Concerning Profession The Standing Committee on Finance (2014-15), Sixteenth Lok Sabha in its thirteenth report on Demands of Grants

Posted in Corporate Law | 12498 Views

FM statement for MAT on FIIS

09 May 2015 at 11:35

Text of the Statement made by the Finance Minister in Rajya Sabha yesterday relating to MAT on FIIS A matter which has attracted considerable debate in the public space in recent weeks is the levy of Minimum Alternate Tax (MAT) on Foreign Institution

Posted in Income Tax | 8676 Views