CAclubindia News

Manner of determination of fair market value

24 May 2016 at 10:48

F No 142/26/2015-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes*******New Delhi, Dated 23rd May, 2016Subject: Manner of determination of fair market value and reporting requirement for Indian concern-Indir

Posted in Income Tax | 2 comments | 4983 Views

Digital reporting of Form No.60

23 May 2016 at 11:18

Circular No. 14 /2016F.No.370149/68/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 18th May, 2016Subject: Digital reporting of Form No.60-reg.1. Vide Notification No.95, dated 30th December,

Posted in Income Tax | 6741 Views

FAQ on the Income Declaration Scheme, 2016

23 May 2016 at 11:18

Circular No.17 of 2016F.No.142/8/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Dated 20th of May, 2016Clarifications on the Income Declaration Scheme, 2016The Income Declaration Schem

Posted in Income Tax | 5139 Views

New and revised standards on auditing

19 May 2016 at 10:44

Revised SA 700, Forming an Opinion and Reporting on Financial Statements. New SA 701, Communicating Key Audit Matters in the Independent Auditor�s Report. Revised SA 705, Modifications to the Opinion in the Independent Auditor�s Repo

Posted in Audit | 2 comments | 9846 Views

Total 2891 kg gold collected under Gold Monetisation Scheme

17 May 2016 at 10:50

Finance Ministry reviews the progress of Gold related Schemes; Total gold collected under Gold Monetisation Scheme (GMS) is 2891 kgs; Banks asked to put concerted efforts to mobilize more gold under the GMS in order to achieve the Scheme�s obje

Posted in Community & General | 4905 Views

The Income Declaration Scheme 2016 to open from 1st June 2016

16 May 2016 at 10:46

The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years to come forward and declare such undisclosed income(s).Under the Sch

Posted in LAW | 2 comments | 9141 Views

Pre-MEF Data Verification

14 May 2016 at 10:58

As you are aware, every year, Professional Development hosts an online form popularly known as MEF ie., Multipurpose Empanelment Form at www.meficai.org This year in order, to make the Members aware as to what information is going to flow from Instit

Posted in Community & General | 4401 Views

Budget session concludes - Over a dozen reform Bills passed

14 May 2016 at 10:58

Budget session concludes ; Session productive, says Minister Shri M.A.Naqvi Government�s outreach to opposition resulting in better functioning of Parliament, says MinisterSittings of Parliament and Bills passed by Lok Sabha over last 2 years

Posted in Community & General | 3156 Views

Big Boost to Ease of Doing Business- Passing of Bankruptcy Code

13 May 2016 at 10:38

Big Boost to Ease of Doing Business- Passing of Bankruptcy Code; Code is a comprehensive and systemic reform, which will give a quantum leap to the functioning of the credit market and would take India from among relatively weak insolvency regimes to

Posted in Community & General | 3348 Views

Change in process of Assignments of checkers for exams

13 May 2016 at 10:38

The examination process inter alia includes a procedure of having the answer books checked, after evaluation by examiners, by Checkers to ensure that all answers have been evaluated, marks awarded have been carried forward to the cover page of the an

Posted in Exams | 14 comments | 9915 Views