CAclubindia News

Sushil Chandra to be New CBDT Chief wef 1st Nov 16

06 October 2016 at 11:17

The Appointments Committee of the Cabinet has approved the appointment of Shri Sushil Chandra, IRS (IT: 1980), Member, Central Board of Direct Taxes (CBDT) as Chairperson CBDT vice Ms.Rani Singh Nair, IRS (IT:1979) who is superannuating on 31.10.2016

Posted in Income Tax | 3087 Views

CBI arrests an income tax officer and inspector of income tax in a bribery case

05 October 2016 at 15:20

The Central Bureau of Investigation has arrested an Income Tax Officer for accepting a bribe of Rs.Three Lakh and an Inspector of Income Tax for accepting a bribe of Rs.5000/- from the Complainant.A case was registered U/s 7 of the PC Act, 1988 aga

Posted in Income Tax | 6 comments | 6852 Views

RBI reduces repo rate by 25 basis points to 6.25 per cent

05 October 2016 at 15:20

Standing Liquidity Facility for Primary DealersRBI/2016-17/75REF.No.MPD.BC.381/07.01.279/2016-17Ashwina 12,1938(Saka)October 4, 2016ToAll Primary DealersDear Sir/Madam,Standing Liquidity Facility forPrimary DealersPlease refer to the Fourth Bi-monthl

Posted in Others | 2691 Views

Revised Scheme of Education and Training for CA course released

04 October 2016 at 14:34

CA M Devaraja Reddy, President, ICAI glad to inform that in order to popularize Commerce Education among the students studying in Class IX,X, XI, XII, The Career Counselling Committee(CCC) of the ICAI conducting a Commerce Talent Search Test called

Posted in Professional Resource | 4 comments | 33192 Views

CBDT confirms strict confidentiality under IDS scheme

04 October 2016 at 12:59

CBDT committed to Strict Confidentiality under Income Declaration Scheme: 2016 While announcing the results of the Income Declaration Scheme 2016 on 1st October, 2016 at a press conference in Delhi, the Honourable Finance Minister Shri Arun Jaitley s

Posted in Income Tax | 2730 Views

Simplified Proforma for incorporating a company electronically launched

04 October 2016 at 12:59

Ministry of Corporate Affairs took another bold initiative in Government Process Re-engineering (GPR) and launched a Simplified Proforma for Incorporating a Company Electronically (SPICe) e-Form on the occasion of Gandhi Jayanthi 2016

Posted in Others | 3330 Views

IDS 2016 scheme unearths Rs 65250 crore black

03 October 2016 at 11:00

Income Declaration Scheme 2016 unearths Rs.65250 crore of hitherto Undeclared Income and Assets; 64275 declarations filed under IDS-2016 up to the midnight of 30th September, 2016 The Income Declaration Scheme, 2016 came into effect from 1st June, 2

Posted in Income Tax | 1 comments | 3855 Views

Govt working on target date of 1st April 2017 for GST roll out

01 October 2016 at 12:08

FM: Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country. The Union Finance Minister Shri Arun Jaitley said that the Government is working on a target date of 1st April, 2017 for

Posted in GST | 1 comments | 7971 Views

Constitution of Expert Group by MCA to look into issues related to Audit firms

01 October 2016 at 12:08

F. No. 17/112/2016-CL-VGovernment of IndiaMinistry of Corporate AffairsDr. Rajendra Prasad Road, New Delhi � 110001Dated 30th September, 2016ORDERSub: Constitution of Expert Group to look into issues related to Audit firmsSeveral audit firms ha

Posted in Audit | 3492 Views

Clarification on the difference in requirement relating to auditor rotation

01 October 2016 at 12:08

1. The Council of the Institute of Chartered Accountants of India (ICAI), at its 359th meeting held on September 16-17, 2016 considered an issue regarding the difference in requirements relating to the auditor’s rotation under the SQC 1, &ldquo

Posted in Audit | 1 comments | 3762 Views