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TDS at the Rate of 1 Percent Applied on the Value of Transfer of Immovable Property Exceeding Rs.50 Lakh
28 February 2013 at 13:28The Finance Bill 2013-14 proposes levy of TDS at the rate of 1 percent on the value of the transfer of immovable property where the consideration exceeds Rs.50 lakh. However, agricultural land will be exempt. Presenting the Union Budget in the Lok S
Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer
28 February 2013 at 13:27The Finance Bill 2013-14 proposes additional tax benefit to the first – home buyer who takes a loan for an amount not exceeding Rs.25 lakh. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram proposed
Relief for Taxpayers in the Bracket of Rs.2 Lakh to 5 Lakh Tax Credit of Rs.2000 to Every Person with Total Income upto 5 Lakh
28 February 2013 at 13:26The Finance Bill 2013-14 proposes a relief of Rs.2000 to every person who has a total income upto Rs.5 lakh in a financial year. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that 1.80 crore taxpa
Surcharge of 10 Per Cent on Persons with Taxable Income Exceeding Rs.1 Crore
28 February 2013 at 13:25The Finance Bill 2013-14 proposes a surcharge of 10 per cent on persons whose taxable income exceed Rs. 1 crore per year. This will apply to individuals, HUFs, firms and entities with similar tax status. Presenting the Union Budget in the Lok Sa
ICAI e-Journal (March 2013)
28 February 2013 at 10:17ICAI e-Journal (March 2013)
ICAI-President's Message - March 2013
28 February 2013 at 10:17It is my privilege as the 61st President of ICAI to formally welcome our accounting stakeholders that include our members, students and employees of the Institute.
Announcement on renumbering of already issued ASLBs
27 February 2013 at 17:05Committee on Accounting Standards for Local Bodies The Committee on Accounting Standards for Local Bodies (CASLB), since its inception, has issued the following seven Accounting Standards for Local Bodies (ASLBs): 1. ASLB 1, ‘Presentation
Applicability of the Revised Audit Report Formats (including for bank/bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports
27 February 2013 at 17:011. Members are requested to note that the audit reports for audits of financial statements for periods beginning on or after 1st April 2012 are to be issued in the revised auditor’s report format, as prescribed in the Revised Standard o
Gross Tax Revenue in April-December 2012 Grows by 15% Over Corresponding of Previous Fiscal
27 February 2013 at 13:46The Economic Survey 2012-13 presented by the Union Finance Minister, Shri P. Chidambaram in the Lok Sabha today states that the Gross Tax Revenue in April-December, 2012 has grown year-on-year by 15% to reach Rs. 6,83,345 crore. This was higher th
Summary of Economic Survey
27 February 2013 at 13:45More than 6 Per Cent Growth Forecast for Next Fiscal Considerable Enhancement for Social Sector Spending India on Verge of Creating Quality Jobs to Seize ‘Demographic Dividend’ Indian economy is likely to grow between 6.1% to 6.7%
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