Shri Shashi Kant Sharma assumed the office of Comptroller and Auditor General of India here today. He took over this office after the President of India, Shri Pranab Mukherjee administered him the oath of office and secrecy. He belongs to the 1976
The Union Cabinet today approved the proposal for creation of 20,751 additional posts in the Income Tax Department in various cadres that is 1349 additional posts in the IRS cadre and 19,402 additional posts in the non-IRS cadres. This will help t
Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Indore and Mumbai some of the candidates have been allotted examinations centres in the zone other than the zone opted in the said cities. In view of t
The Union Finance Minister P. Chidambaram has said that multiplicity of Institutions and multiplicity of Regulators which have come up from time to time to meet newly perceived requirements, has potentially created regulatory overlaps, gaps and a
Union Finance Minister, Shri P. Chidambaram, here today inaugurated a National Seminar on the Indian Financial Code as recommended by the Financial Sector Legislative Reforms Commission. The Seminar was organized by the Institute of Company Secret
Rationalisation of With-Holding Tax (WHT) to Encourage Greater Subscription in Indian Debt Securities by Foreign Investors, Encourage Development of the Indian Debt Market and Accelerate the Pace of Growth of the Indian Economy To enhance resour
The President of India has appointed Shri Shashi Kant Sharma, IAS, as the Comptroller & Auditor General of India, in terms of Article 148 (1) of the Constitution of India. Shri Sharma is presently holding the post of Defence Secretary in the M
A Compliance Management Cell has been set-up to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment; 70,000 Letters are being sent in 2 Batches to High Priority Cases in this Month The Union Finance Minister Shr
The International Accounting Standards Board (IASB) has published this Exposure Draft to set out the proposed amendments to IAS 19 Employee Benefits. This Exposure Draft addresses the accounting for contributions from employees or third parties wh
The International Accounting Standards Board (IASB) published for public comment the Exposure Draft Regulatory Deferral Accounts as part of its reactivated Rate-regulated Activities research project. Many jurisdictions applying International Fi
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
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