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ICAI replies to not allowing CA to practise law in India
30 November 2015 at 11:45To,The Principal Chief CommissionerIncome Tax,ChandigarhSub: Only enrolled Advocates are licensed to practice Law in India- Not toallow Chartered Accountants/ Non- Advocates for practice of law in thecourse of proceedings before revenue authorities f
Overwhelming response to Gold bond scheme
28 November 2015 at 12:57Overwhelming response received from the retail investors for Sovereign Gold Bond Scheme (SGB) ; 63,000 applications received for a total of Rs 246.20 crore by the Banks and Post Offices for 917 kgs of gold; Number of decisions taken to improve the re
Phasing out plans of deductions under the income tax act
27 November 2015 at 11:54Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 26th November, 2015Subject: Finance Minister�s Budget announcement- phasing out plan of deductions under the Income-tax Act- Extension of time li
New dedicated Chapter helpdesk for queries related to members/students based abroad
27 November 2015 at 11:54The Institute of Chartered Accountants of India is committed to provide the best services to its members. Considering the same, the International Affairs Committee of the Institute has reactivated its logistic framework through a dedicated emai
Implementation of the provisions of the ICDS
27 November 2015 at 11:54Stake Holders and General Public requested to bring-out Issues/Points by 15th December, 2015 which in their opinion require further Clarification/Guidance for proper Implementation of the Provisions of the Income Computation and Disclosure Standards
No change in revised CA scheme of CA course
25 November 2015 at 10:14Applicability of the Revised Scheme of Education and TrainingIt has come to our notice that students are being misguided about the applicability of the Revised Scheme of Education and Training especially the Foundation course w.e.f May 2016 and elimi
Non application of AS 30,31,32 in CA final exam
25 November 2015 at 10:14Announcement regarding Non-application of AS 30, AS 31 and AS 32 in the Final Course Paper 1: Financial ReportingThe entire IAS 39 “Financial Instruments: Recognition and Measurement”, on which AS 30 “Financial Instruments: Recognit
Members/firms to furnish PAN details to ICAI
23 November 2015 at 11:43Announcement In terms of the decision taken by the Council following advice received from the Income Tax Department, the Permanent Account Number (PAN) Card details of the members and firm of chartered accountants are required to b
Govt plan to reduce corporate tax to 25%
23 November 2015 at 11:42Government Calls for Comments on Proposed Plan of Phasing-Out Exemptions and Deductions under the Income-Tax Act in Order to Bring Down Rate of Corporate Tax from 30% to 25% The Union Finance Minister Shri Arun Jaitley in his Budget Speech 2015 had i
Highlights of Recommendations of Seventh Central Pay Commission
20 November 2015 at 15:28Recommended Date of implementation: 01.01.2016Minimum Pay: Based on the Aykroyd formula, the minimum pay in government is recommended to be set at ₹18,000 per month.Maximum Pay: ₹2,25,000 per month for Apex Scale and ₹2,50,000 per month for Cabinet S
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