CAclubindia News

PM says last chance to declare undisclosed income

27 June 2016 at 10:26

Prime Minister speaks on Income Declaration Scheme in Mann ki Baat The Honourable Prime Minister, Shri Narendra Modi, in his radio programme, Mann ki Baat aired on Sunday, 26th June, 2016, advised his countrymen about the benefits of declaring hithe

Posted in Income Tax | 4068 Views

TCS at 1 percent only applicable on cash portion of sale

25 June 2016 at 12:09

Circular No. 23/2016F.No.370142/17/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of revenueCentral Board of Direct Taxes(TPL Division)Subject: Amendment in Section 206C of the Income-tax Act vide Finance Act 2016 In order to curb the cash

Posted in Income Tax | 15 comments | 10962 Views

Clarification regarding HUF cannot be partner in a partnership firm

24 June 2016 at 10:45

Clarification that HUF cannot be a partner but its karta or any individual of HUF can be a partner in a partnership firm in its individual capacity and not the HUF.

Posted in Professional Resource | 4 comments | 9786 Views

Empanelment as examiners for CA exams

24 June 2016 at 10:45

Applications are invited from eligible members of the Institute and other professionals including academicians of reputed educational institutions, tax and legal practitioners etc., having a flair for academic activities including valuation of answer

Posted in Exams | 5 comments | 7335 Views

Cabinet approves Tax and Production Incentives for Job Creation in Garment Manufacturing Sector

23 June 2016 at 10:45

Cabinet approves Tax and Production Incentives for Job Creation in Garment Manufacturing Sector Cabinet approves Special Package for Job Creation & Export Promotion in Textile & Apparel Sector Special Package to create 1 Crore Jobs in 3 Years

Posted in Community & General | 1 comments | 4119 Views

Amendment in Rule 114H of Income-tax Rules, 1962

23 June 2016 at 10:45

The Rule 114H of the Income-tax Rules, 1962 (the Rules) has been amended vide Notification No.48/2016 [S.O.2151(E)] dated 20th June 2016. In order to provide sufficient time to the reporting Financial Institutions for completing the due diligence pro

Posted in Income Tax | 5310 Views

Clarification regarding threshold Limit of tax audit under section 44AB and 44AD

22 June 2016 at 10:47

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, the 20th June, 2016Sub: Threshold Limit of tax audit under section 44AB and section 44AD – clarification regardingSection 44AB of the Income-tax

Posted in Income Tax | 5 comments | 12372 Views

Applicability of Amendments for Nov 2016 Final Exams

22 June 2016 at 10:47

Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2016 � Final ExaminationPaper 1: Financial Reporting I. Framework for the Preparation and Presentation of Financial Statements.II. Accounting StandardsAS No. AS

Posted in Exams | 20544 Views

Applicability of Amendments for IPC Nov 2016 Exams

22 June 2016 at 10:47

Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2016 – Intermediate (IPC) Examination Paper 1: AccountingAccounting StandardsAS 1 : Disclosure of Accounting PoliciesAS 2 : Valuation of InventoriesAS 3 : Cash

Posted in Exams | 9918 Views

Clarification regarding News Report of Arrest of Tax Defaulters

22 June 2016 at 10:47

Certain sections of the press have been carrying news reports today that Income Tax Department is going to arrest wilful defaulters of tax. In this regard, it is clarified that no such statement has been authorised by the Income-tax Department. Thoug

Posted in Income Tax | 3105 Views