CAclubindia News

Direct Tax collection shows growth of 19.3 percent upto January

10 February 2018 at 13:55

The provisional figures of Direct Tax collections up to January, 2018 show that net collections are at Rs.6.95 lakh crore which is 19.3% higher than the net collections for the corresponding period of last year. The net Direct Tax collections represe

Posted in Others | 2088 Views

Amendments made to Insolvency and Bankruptcy Regulations 2017

09 February 2018 at 11:18

Amendments made to the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017.Amendments come into force since yesterday after their publication in the Gazette of India;The Amendmen

Posted in Corporate Law | 5 comments | 5040 Views

Plastic or PVC Aadhaar Smart Card is not usable says UIDAI

07 February 2018 at 10:48

The Unique Identification Authority of India (UIDAI) said today in a statement that the Plastic or PVC Aadhaar smart cards are often not usable as the QR code commonly becomes dysfunctional during such unauthorised printing at some vendor/shop. Also,

Posted in Income Tax | 5217 Views

ICAI clarifies person arrested is not CA in IT refund racket

05 February 2018 at 21:48

The Institute of Chartered Accountants of India (ICAI) has come across

Posted in Career | 12 comments | 28740 Views

FAQ regarding taxation on LTCG released by CBDT

05 February 2018 at 12:23

21 FAQs on taxation of long-term capital gains proposed in Finance Bill, 2018

Posted in Others | 5 comments | 6267 Views

Highlights of Tax Proposals - Union Budget 2018-19

03 February 2018 at 14:10

UNION BUDGET 2018 HIGHLIGHTS - DIRECT TAXESTAX RATESNo change in tax rates and basic exemption limitTax rates continue to be same for A.Y. 2019-20 as applicable for A.Y. 2018-19. Further, there is no change in the basic exemption limits.Health

Posted in Union Budget | 8847 Views

Clarification on 'Expenditure on Tax administration' in Union Budget 2018-19

03 February 2018 at 14:10

In one of the Budget documents of the Union Budget 2018-19,“Budget at a glance” under the title ‘Expenditure on Government of India’, an expenditure of Rs.77,747 crore and Rs.10,5541 crore has been shown against the item &ld

Posted in Others | 2022 Views

Implementation of Eway bill postponed

01 February 2018 at 22:07

In view of difficulties faced by the trade in generating e-way bill due to initial tech glitches, it has been decided to extend the trial phase for generation of e-way bill, both for inter and intra-State movement of goods. It shall be made compulsor

Posted in GST | 29 comments | 35481 Views

Detailed provisions related to Direct taxes in Budget 2018

01 February 2018 at 15:18

The provisions of Finance Bill, 2018 relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as 'the Act') to continue to provide momentum to the buoyancy in direct taxes through deepening and widening of the ta

Posted in Union Budget | 7689 Views

Rates of income tax for income of AY 2018-19: Cess increased

01 February 2018 at 15:08

DIRECT TAXESA. RATES OF INCOME-TAXI. Rates of income-tax in respect of income liable to tax for the assessment year 2018-19.In respect of income of all categories of assessees liable to tax for the assessment year 2018-19, the rates of income-tax hav

Posted in Others | 1 comments | 13905 Views