CAclubindia News
New facility for online request of duplicate mark sheet for CA exam
05 December 2016 at 10:47Introduction of the facility of on-line submission of requests for issue of duplicate mark sheets/pass certificates. An on-line facility for submission of requests for issue of duplicate mark sheets/pass certificates has been put in place at http://i
IT dept rejects Rs 2 lakh crore IDS declaration by a family from Mumbai
05 December 2016 at 11:33Verification of High Value Suspicious Declarations made under the IDS 2016 An Income Declaration Scheme (IDS) was announced in the Union Budget 2016-17 under which declaration of undisclosed income or assetcould be made by agreeing to pay forty five
Tax Investigations unearth misuse of Jan Dhan Accounts
05 December 2016 at 10:47Tax Investigations unearth mis-use of Jan-Dhan Accounts; Account holders once again urged by CBDT not to consent to any kind of mis-use of their accounts which would expose them to the dangers of being held responsible for the tax evasion by unscrupu
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
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
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
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
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