CAclubindia News

Tax collection figures for the period April to December 2016 show a positive trend

09 January 2017 at 18:05

Tax collection figures for the period April -December 2016 show a positive trend as Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year i.e. April-December 2015Direct Tax and Indirect tax collection figu

Posted in Income Tax | 3 comments | 2154 Views

Bank to obtain PAN or Form 60 for all Bank accounts

09 January 2017 at 10:38

Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017. Income-tax Rules have been amended to provide that bank shall obtain a

Posted in Income Tax | 19377 Views

Year end review of 2016 by CBDT

09 January 2017 at 10:38

Major Achievements of CBDT in Current Financial Year 2016-17 so far include among others Enactment of The Benami Transactions (Prohibition) Amendment Act, 2016, Implementation of The Direct Tax Dispute Resolution Scheme, 2016 and of GAAR from Assessm

Posted in Income Tax | 1 comments | 3342 Views

Old notes returned figures might change says RBI

06 January 2017 at 10:49

Clarification regarding Specified Bank Notes (SBNs)There had been various estimates on SBNs tendered in certain sections.We would like to clarify that the periodical SBN figures released by us were based on aggregation of accounting entries done at t

Posted in Others | 1 comments | 4305 Views

World economy is quite fragile yet India appears to be much better placed says FM

06 January 2017 at 10:49

FM: Though the world economy is quite fragile yet India appears to be much better placed today on the back of improvement in its macro-economic fundamentals;Government’s measures to eliminate the shadow economy and tax evasion are expected to h

Posted in Professional Resource | 2970 Views

Appointment of Chairperson in Appellate Authority u/s 22A of The Chartered Accountants Act, 1949

05 January 2017 at 10:45

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 13th December, 2016 G.S.R. 1130(E).�In exercise of the powers conferred by sub section (1) of section 22A of the Chartered Accountants Act, 1949 (38 of 1949), section 22A of the Cost and W

Posted in Professional Resource | 3363 Views

CBDT signs three more APA pertaining to the Engineering Goods and Shipping sectors

05 January 2017 at 10:45

Central Board of Direct Taxes signs three more Advance Pricing Agreements pertaining to the Engineering Goods and Shipping sectors. With this, the total number of APAs entered into by the CBDT reaches 120.The Central Board of Direct Taxes (CBDT) has

Posted in Professional Resource | 2220 Views

Arun Jaitley holds pre budget consultation with FM of all states

05 January 2017 at 10:45

The Union Finance Minister Shri Arun Jaitley holds Pre-Budget consultations with the Finance Ministers of all States/ UTs (with legislature); FM: Various steps taken by theCentral Government in recent past to unearth black money will help in curbing

Posted in Others | 1 comments | 1845 Views

Updated FAQ on withdrawal of old bank notes

05 January 2017 at 10:45

Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of ₹ 500 and ₹ 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016(Updated as on January 04, 2017)1. Why was the Scheme of Withdrawal of Legal Ten

Posted in Others | 3 comments | 12210 Views