CAclubindia News

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 | 1974 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 | 1587 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 | 23016 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 | 4569 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 | 17340 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 | 3822 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 | 4683 Views

Dates for ICAI Convocation 2019 2nd round

28 January 2019 at 11:15

As per Revised Schedule now ICAI Convocation 2019 will be held on 1st February, 2019 (Friday) at Mumbai, Ahmadabad, Pune, Chennai, Hyderabad, Kolkata, Jaipur & Kanpur simultaneously and at Delhi on 9th February, 2019 during 10:00 AM � 7:00

Posted in Professional Resource | 1 comments | 12474 Views

UDIN for CA certificate mandatory from 1st Feb

25 January 2019 at 11:21

ANNOUNCEMENTUDIN mandatory wef 1st Feb., 2019 for all Certificates It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and Stakeholders. ICAI is a

Posted in Professional Resource | 3 comments | 11019 Views

Changed Procedure for re-examination of Answer books of CA student

25 January 2019 at 11:21

ANNOUNCEMENTJanuary 24, 2019Revised Procedure for providing inspection/certified copies of evaluated answer-books to the concerned examineesGuidelines:1. An examinee may apply seeking inspection/certified copies of answer books, within 30 days from t

Posted in Students | 3 comments | 16395 Views