CAclubindia News

Revised DTAA between India and Cyprus to come into effect from 1st April 2017

19 December 2016 at 10:14

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 16th December, 2016. PRESS RELEASE Sub : Notification of Completion of Internal Procedures for Revised Double Taxation Avoidance Agreement between

Posted in Income Tax | 2244 Views

PMGKY 2016 scheme launched to remain open till 31st March

16 December 2016 at 22:10

Taxation Laws (Second Amendment) Act, 2016 came into force yesterday i.e. 15th December, 2016 and rules notified today and placed in public domain; The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 introduced under the s

Posted in Income Tax | 13008 Views

Cashless economy means a less cash economy and not a no cash economy says FM

16 December 2016 at 11:14

The Union Finance Minister Shri Arun Jaitley chairs the Fifth Meeting of the Consultative Committee attached to the Ministry of Finance on the subjectof “Shift to Digital Transactions”; Says that digital transactions are a parallel mechan

Posted in Others | 2 comments | 3585 Views

IT dept warns against making drastic changes via revised return post demonetisation

15 December 2016 at 11:39

Filing of Revised Income Tax Returns by the Tax Payers Post De-Monetisation of Currency Under the existing provisions of Section 139(5) of the Income-tax Act, 1961 (‘Act’), Revised Return can only be filed if any person, who has filed a r

Posted in Income Tax | 12222 Views

Cabinet approves the Renewal of MOU between ICAI and CBFS Oman

15 December 2016 at 11:39

Cabinet approves the Renewal of MoU between the Institute of Chartered Accountants of India (ICAI) and College of Banking and Financial Studies (CBFS), Oman The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post fact

Posted in Professional Resource | 2 comments | 3066 Views

Report Card on GST Implementation

15 December 2016 at 11:39

Report Card on GST Implementation; Government of India lost no time in implementing the GST so far; Discussions in GST Council have been very cordial and all decisions till now have been taken by consensus; Members of the Council are participating in

Posted in GST | 1 comments | 13533 Views

We are now rapidly completing remonetisation exercise says FM

14 December 2016 at 11:03

Transcription of the Finance Minister’s Statement made to media today The Congress party was in power for 10 years continuously from 2004-14. There were two striking features of that regime. The First that it did not take even a single step eit

Posted in Others | 4 comments | 3045 Views

RBI directs banks to maintain CCTV recordings of operations at bank branches

13 December 2016 at 16:05

RBI/2016-17/181DCM (Plg) No. 1712/10.27.00/2016-17December 13, 2016The Chairman & Managing DirectorChief Executive OfficersAll BanksDear Sir,Preservation of CCTV recordingsPlease refer to paragraph (5) of our circular DCM (FNVD) No.1134/16.01.05/

Posted in Others | 2571 Views

Extension of last date of form submission for financial assistance to article students

13 December 2016 at 16:05

The Board of Trustees has decided to provide financial assistance of Rs. 1500/- p.m, for articled assistants who are registered for Intermediate (IPC)/IPCC course and Rs. 2000/- P.M. for those students registered for final course and are currently un

Posted in Students | 1 comments | 4728 Views

RBI denies any move to cancel license of Axis bank

13 December 2016 at 10:45

The Reserve Bank of India today clarified that it has not initiated any action to cancel the banking licence of Axis Bank in the wake of certain allegations about some serious irregularities in transactions relating to deposit/exchange of Specified B

Posted in Others | 4 comments | 3936 Views