CAclubindia News

Increase in number of tax payers post demonetization

23 December 2017 at 11:05

During the period from November 2016 to March 2017, the Income-tax Department (ITD) conducted searches on around 900 groups, wherein undisclosed income of over Rs. 7,900 crores was admitted. During the same period, more than 8200 surveys were conduct

Posted in Income Tax | 3186 Views

CBEC issues 9 new notifications on GST

22 December 2017 at 12:37

S. no. Title Notification No. Date 1 Manual filing of applications for GST Advance Ruling and appeals before Appellate Authority for Advance Ruling Circular No. 25/25/2017-GST 21/12/2017 2 Manual filing and processin

Posted in GST | 10932 Views

Achievements of Ministry of Corporate Affairs during 2017

22 December 2017 at 12:01

True to the motto on Ministry of Corporate Affairs (MCA) website of �Empowering Business, Protecting Investors� and its function as Regulator, Integrator, Facilitator and Educator, Ministry of Corporate Affairs was actively and affirmativ

Posted in Corporate Law | 3306 Views

Highlights of CAG report on Service Tax

22 December 2017 at 12:01

Executive SummarySection 16 of CAG's (DPC) Act, 1971 mandates CAG to audit receipts payable into consolidated fund of India and to satisfy that the rules and procedures are designed to secure an effective check on the assessment, collection and

Posted in Service Tax | 4290 Views

Major policy initiatives and achievements of MCA in 2017

22 December 2017 at 12:01

Major policy initiatives undertaken and achievements made by the Ministry of Corporate Affairs during the year 2017.Major thrust on checking the menace of black money by striking-off more than 2 lakh shell companies from the Register of Companies

Posted in Corporate Law | 2163 Views

Report on impact of GST on Exports

22 December 2017 at 12:01

DEPARTMENT-RELATED PARLIAMENTARY STANDING COMMITTEE ON COMMERCE One Hundred and Thirty-Ninth Report on 'Impact of Goods and Services Tax (GST) on ExportsThe Department Related Parliamentary Standing Committee on Commerce, under the Chairmanship o

Posted in GST | 3945 Views

CAG report on Direct taxes

22 December 2017 at 12:01

HighlightsThe Comptroller and Auditor General of India conducts the audit of receipts of the Union Government under section 16 of the Comptroller Auditor General of India (Duties, Powers and Conditions of Service) Act, 1971. This Report primarily dis

Posted in Income Tax | 4875 Views

Release of Income Tax Return Statistics for AY 2015-16 by CBDT

21 December 2017 at 10:54

In continuation of its efforts to place more and more information in public domain, the Central Board of Direct Taxes(CBDT) has released data relating to distribution of income and tax payable in respect of returns filed for the Assessment Year 2015-

Posted in Income Tax | 3396 Views

Measures taken by Government to Control and curb Parallel Economy

20 December 2017 at 12:46

Measures taken by Government to Control and Curb Parallel Economy and Unaccounted Transactions The Government has taken several measures to effectively control and curb the prevalence of parallel economy and unaccounted transactions. Major steps in t

Posted in Income Tax | 3543 Views

New India Confluence on Governance, Risk and Compliance held in Delhi

19 December 2017 at 12:08

New Delhi, December 15, 2017:'CAclubindia attended an event organized by ASSOCHAM on 'New India Confluence Public and Private Enterprises - Governance, Risk, and Compliance.'

Posted in Professional Resource | 3237 Views