CAclubindia News

PM expresses dismay at huge pendency of tax related cases

02 September 2017 at 10:34

The Prime Minister, Shri Narendra Modi, today inaugurated the Rajasva Gyan Sangam at New Delhi, and addressed the tax administrators of both the Union and State Governments. The Prime Minister exhorted the officers to improve their work-culture, to

Posted in Professional Resource | 3432 Views

Eway bill rules notified

01 September 2017 at 11:08

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and CustomsNotification No.27 /2017 – Central TaxNew Delhi, the 30th

Posted in GST | 3 comments | 10170 Views

CBDT extends date for Linking of Aadhaar with PAN to 31st December

01 September 2017 at 11:08

CBDT extends date for (a) Linking of Aadhaar with PAN and (b) Due date for filing Income Tax Returns and Tax Audit Reports. To facilitate ease of compliance by the taxpayers, CBDT has extended the date in the following cases:-i. Aadhaar was to be lin

Posted in Income Tax | 4464 Views

Impact of Demonetisation on Black Money, Tax Base and Direct Tax Collections

01 September 2017 at 11:08

The Government of India launched a concerted drive against black money with Demonetisation being an important step in that direction. Among the main objectives of Demonetisation was the flushing out of black money and also the conversion of the non-f

Posted in Income Tax | 1 comments | 4056 Views

ICAI President's Message - September 2017

01 September 2017 at 11:08

My dear professional colleagues,Definitive and challenging role of technology in creating success stories has increased manifold over the past two decades. Indian accountancy profession aims to evolve into a technology-driven profession to bring a st

Posted in Professional Resource | 3831 Views

Audit due date extended to 31st October 2017

31 August 2017 at 21:30

F.No. 225/270/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi dated the 31st of August, 2017 Order under Section 119 of the Income-tax Act, 1961 (`Act'

Posted in Income Tax | 20 comments | 24078 Views

Demonetization was immensely beneficial to Indian Economy says Govt

31 August 2017 at 10:52

Finance Ministry: Demonetization immensely beneficial to Indian Economy and People The Government of India decided to cancel the Legal Tender Status of Rs.1000 and Rs.500 denomination currency notes on 8th November 2016 with several objectives: (i) f

Posted in Income Tax | 4140 Views

Cabinet clears hike in compensation cess to 25 percent on luxury

31 August 2017 at 10:52

Cabinet approves promulgation of the Goods and Services Tax (Compensation to States) Ordinance, 2017 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the proposal of the Finance Ministry to promulgate an ordina

Posted in GST | 1 comments | 3036 Views

Rs 15.28 lac crore banned notes received back : RBI

31 August 2017 at 10:52

Status of the Return of SBNs – Reserve Bank of India (RBI) Annual Report 2016-17 The RBI Annual Accounts for 2016-17, at note XI.6.2 Liabilities of Issue Department – Notes Issued in para (ii) mentions - “Until June 30, 2017, SBNs w

Posted in Others | 1 comments | 2622 Views

Rs 92000 crore collected from first GST filing

30 August 2017 at 09:55

The Goods and Services Tax (GST) tax was introduced on 1st of July, 2017. The last date for payment of GST for the month of July 2017 was 25th August, 2017. The last date for filing returns in cases, where the taxpayer wanted to avail transitional

Posted in GST | 5 comments | 18669 Views