CAclubindia News

Download complete finance bill presented in Budget 2019

01 February 2019 at 13:50

1 AS INTRODUCED IN LOK SABHA ON 1ST FEBRUARY, 2019 Bill No. 5 of 2019 THE FINANCE BILL, 2019ABILLto continue the existing rates of income-tax for the financial year 2019-2020 and to pr

Posted in Union Budget | 11214 Views

Budget summary with Major Highlights of Interim Budget 2019-20

01 February 2019 at 13:35

BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20

Posted in Union Budget | 8283 Views

Increase in tax base and higher collections : GST

01 February 2019 at 13:34

Rates continuously reduced providing relief of about r. 80,000 crore annually to consumers Most items of daily use of poor and middle class now in the 0% or 5% tax slab Average GST collection in the current financial year stands at Rs. 97,100 crore p

Posted in Union Budget | 2181 Views

Tax collections increased from Rs 6.38 Lakh Crore to almost Rs 12 Lakh Crore this year

01 February 2019 at 13:34

80% growth in tax base; number of returns filed increased from 3.79 crore to 6.85 Crore Within the next 2 years, almost all verification and assessment of returns selected for scrutiny to be done electronicallyThe Government has reduced tax rates, mo

Posted in Union Budget | 1971 Views

Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax

01 February 2019 at 13:34

Rs 6,900 Crore worth Benami assets and Rs 1600 Crore worth foreign assets attached 18% growth in direct tax collection in Fy 2017-18 Tax base increased by 1.06 Crore people filing ITR for 1st time mainly on account of demonetization The anti-black mo

Posted in Union Budget | 1584 Views

Major Direct Tax updates from Budget 2019-20

01 February 2019 at 13:07

Latest News: Major Direct Tax updates from Budget 2019-20 Taxable slab rate revised- Minimum exemption limit raised to Rs. 500,000 from Rs. 250,000 TDS deduction on fixed deposit raised from Rs. 10,000 to Rs. 40,000 Standard deduction for salaried c

Posted in Union Budget | 31 comments | 23007 Views

Prafulla Chajjed to take over as new President from 1st Feb : ICAI President message

31 January 2019 at 17:49

My Dear Professional Colleagues, We will soon see the dawn of February 2019 and that will be the beginning of Council Year 2019-20; that must be the time to take stock of the activities, initiatives and outcomes, taken up during this concluding Counc

Posted in Professional Resource | 4563 Views

Summary of 13 GST Notifications issued by CBEC on 29th Jan'19

31 January 2019 at 10:19

CBIC issued 13 GST Notifications in lieu with the 32nd GST Council meeting which was held on 10th January'19.The List of notifications issued on 29th Jan'19 by CBEC is as follows:Sr.No.Date of IssueNotification NoSubject129-01-1902/2019-Centr

Posted in GST | 1 comments | 17334 Views

Conversion to New scheme date extended to 28th Feb for May 19 CA Exams

30 January 2019 at 18:36

AnnouncementSubject: Revision in Cut-off date for converting from earlier scheme to Revised Scheme of Education and Training implemented w.e.f. 1st July, 2017 for purpose of eligibility to appear in Foundation / Intermediate / Final examinations bein

Posted in Students | 2 comments | 3819 Views

Rotation of auditors not to apply if a company ceases to fall under Rotation principles

30 January 2019 at 11:27

AnnouncementRegarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years.This is regarding the ap

Posted in Audit | 1 comments | 4677 Views