CAclubindia News

Govt clarifies effective tax rate is 45% and not 31% under income declaration scheme

14 July 2016 at 16:42

Circular No. 27 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 14th day of July, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income Dec

Posted in Income Tax | 1 comments | 5409 Views

Govt to interact with Trade and industry on tax laws issues

14 July 2016 at 14:58

Government accepts the recommendations of Sub-Committee of the High Level Committee to interact with Trade & Industry on Tax Laws on issues relating to compliance procedure for the excise duty,records to be maintained and other relevant administr

Posted in Community & General | 1 comments | 2667 Views

CA Final and CPT results to be declared on 18th July 2016

11 July 2016 at 10:38

Result of the Chartered Accountants Final Examination held in May 2016 and Common Proficiency Test (CPT) held in June 2016 are likely to be declared on Monday, the 18th July 2016

Posted in Students | 4 comments | 10923 Views

Direct and indirect tax collection jumps by 25% and 31% respectively

09 July 2016 at 11:24

Direct Tax Collections upto June, 2016 indicate net revenue collections of Rs.1.24 lakh crore; registering an increase of 24.79% over the corresponding period last year.The direct tax collections upto June, 2016 indicate net revenue collection of Rs.

Posted in Income Tax | 3 comments | 4326 Views

Applicability of Income Computation and Disclosure Standards

09 July 2016 at 11:24

Applicability of Income Computation and Disclosure Standards notified under section 145(2) of the Income-tax Act, 1961 from Assessment Year 2017-18 The Central Board of Direct Taxes has vide Press Release dated 6.07.2016 (For copy click here) clarifi

Posted in Income Tax | 5865 Views

ICDS to be applicable from 1st April 2016

07 July 2016 at 11:32

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 6th July, 2016Subject: Applicability of Income Computation and Disclosure Standards (ICDS) notified under section 145 (2) of the Income -tax Act, 1961.

Posted in Income Tax | 3 comments | 7704 Views

Campus Placement Programme for Newly Qualified CAs

07 July 2016 at 11:32

Announcement for Campus Placement Programme for Newly Qualified Chartered Accountants August-September,2016The Committee for Professional Accountants in Business & Industry (CPABI) of The Institute of Chartered Accountants of India (ICAI) takes

Posted in Students | 8238 Views

Govt considering having a new financial year

07 July 2016 at 11:32

Government today constituted a Committee headed by Dr. Shankar Acharya (former Chief Economic Adviser) to examine the desirability and feasibility of having ‘a new financial year’; The Committee to submit its Report by 31st December, 2016

Posted in Professional Resource | 2 comments | 6414 Views

CBEC issues a Circular on recovery of confirmed demands during the pendency of stay application of duty

06 July 2016 at 10:50

Central Board of Excise and Customs (CBEC) has issued a circular dated 04.07.2016 on the issue of ‘’Recovery of confirmed demand of tax during the pendency of stay application’’ in relation to indirect taxes. Confirmed demand

Posted in Income Tax | 1 comments | 3747 Views

Transition scheme for existing students will be announced soon

05 July 2016 at 10:29

FOR THE URGENT ATTENTION OF STUDENTSChange in syllabus under the Revised Education and Training Scheme Number of queries are being received from the students with respect to the proposed change in the curriculum of Education and Training of CA course

Posted in Students | 1 comments | 10299 Views