CAclubindia News

Shift in the Focus of the Income Tax Department (ITD) from Civil Consequences to Criminal Consequences in Serious Cases of Tax Evasion

13 February 2015 at 12:11

During 2014-15 (upto Dec, 2014) the ITD Has Conducted Searches in 414 Groups, Seized Undisclosed Assets of Rs. 582 Crore; Undisclosed Income of Rs. 6769 Crore has been Admitted by the Tax Payers During 2014-15 (upto Dec, 2014) the Income Tax Departm

Posted in Income Tax | 1 comments | 12492 Views

New President and Vice President of ICAI elected FY 2015-16

12 February 2015 at 17:53

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI are managed by a Council in

Posted in Professional Resource | 6 comments | 22392 Views

Proposed scheme of new CA course released

12 February 2015 at 13:12

About the New Proposed Scheme of Education and TrainingThe Committee for Review of Education and Training (CRET) was set up in 2014 as a part of the periodical exercise of the Institute to review its system of Education and Training and examine its a

Posted in Students | 26 comments | 71088 Views

65th Annual Function conducted by ICAI

12 February 2015 at 10:53

The 65th Annual Function of the Institute of Chartered Accountants of India (ICAI) was inaugurated by CA.PiyushGoyal, Honble Minister of State(I/C), Ministry for Coal, Power, New & Renewable Energy on February 11, 2015 at New Delhi. Actin

Posted in Others | 1 comments | 12420 Views

IT dept investigates companies converting illegal cash into legitimate money

11 February 2015 at 16:18

Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money Income Tax Department, Ministry of Finance, Government of India had initiated inves

Posted in Income Tax | 5 comments | 20997 Views

Practicing Company Secretaries allowed to become designated / active partner of a Limited Liability Partnership

11 February 2015 at 10:42

Dear Professional Colleagues, The Council at its 227th Meeting held at New Delhi on January 18, 2015 while approving the formation of LLPs by PCS granted general permission to the members in practice to: (a) become designated / active partner of a li

Posted in Corporate Law | 1 comments | 14091 Views

Awardees of the 'ICAI Awards for Excellence in Financial Reporting' for the year 2013-14

11 February 2015 at 10:42

An awards presentation ceremony to honour the awardees of ICAI Awards for Excellence in Financial Reporting was held on February 8, 2015 at Chennai. CA. K. Rahman Khan, M.P., Rajya Sabha, Former Union Minister of Minority Affairs &

Posted in Others | 11355 Views

Global situation favourable to India : FM

10 February 2015 at 10:55

FM: Global Situation is Favourable to the Country as more and more Investors are Showing Curiosity and Interest in India; Our Major Challenges will be to Boost Investment Especially in Infrastructure Sector and Give Further Boost to Both Manufacturin

Posted in Others | 2 comments | 9123 Views

Penalty proceedings u/s 271(1)(C) initiated for black money stashed abroad

09 February 2015 at 16:17

Concealment Penalty Proceedings U/S 271(1)(C) of Income Tax Act 1961 Initiated in 128 Cases in which Assessments were Completed While in the Remaining Cases, Assessment Proceedings are at Advance Stage Information About Hsbc Foreign Bank Accounts was

Posted in Income Tax | 2 comments | 14502 Views

Income-tax (2nd Amendment), Rules,2015

06 February 2015 at 10:42

[TO BE PUBLSIHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Notification New Delhi, the 4thFebruary, 2015 INCOME TA

Posted in Income Tax | 2 comments | 28308 Views