CAclubindia News

Govt reiterates information shared under IDS will not be shared with any authority

16 September 2016 at 10:49

Government reiterates that information contained in a valid declaration under the Income Declaration Scheme, 2016 is confidential and shall not be shared with any authority. The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to

Posted in Income Tax | 2394 Views

Further instruction regarding Income Declaration Scheme

16 September 2016 at 10:49

Instruction No. 8 of 2016F.No.142/8/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)***New Delhi, the 15th September, 2016To,All The Principal Chief Commissioners of Income-taxSub.: The Income Declara

Posted in Income Tax | 3708 Views

Direct Tax Dispute Resolution Scheme can be availed upto 31st Dec

16 September 2016 at 10:31

Litigation is a scourge for a tax friendly regime. In order to reduce the pending litigation, the Direct Tax Dispute Resolution Scheme, 2016 (the Scheme) has come into force from 1st June, 2016 and can be availed up to 31st December, 2016. The Scheme

Posted in Income Tax | 2913 Views

PM reviews preparedness for rollout of GST

16 September 2016 at 10:31

Meeting taken by Prime Minister to review the preparedness for rollout of Goods and Services tax(GST) The Prime Minister held a meeting to review the preparedness for rollout for GST on 14th September, 2016. The meeting was attended by Union Finance

Posted in GST | 2910 Views

CBDT clarifies due date extension also applicable to Accounts audited under sec 44AB

15 September 2016 at 10:52

F. No. 225/195/2016-ITA IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North Block, New DelhiDated the 14th of September, 2016 Clarification req. u/s 119 of the Income-tax Act, 1961 dated 9th September 2016

Posted in Income Tax | 2 comments | 8256 Views

Clarifications on the Direct Tax Dispute Resolution Scheme, 2016

13 September 2016 at 11:07

F.No.142/11/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Dated: 12th September, 2016Clarifications on the Direct Tax Dispute Resolution Scheme, 2016The Direct Tax Dispute Resolution

Posted in Income Tax | 4089 Views

Direct and indirect tax collection increases by 15.03% and 27.5%

13 September 2016 at 11:07

Direct Tax Collections up to August, 2016 show an Increase of 15.03% over the net collections for the corresponding period last year; Till August 2016, 22.30% of the Budget Estimates of direct taxes for Financial Year 2016-17 has been achieved. The f

Posted in Income Tax | 2679 Views

Cabinet approves creation of GST Council and its Secretariat

13 September 2016 at 11:07

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved setting up of GST Council and setting up its Secretariat as per the following details: Creation of the GST Council as per Article 279A of the amended Constit

Posted in GST | 1 comments | 4815 Views

Authorization of Practising CS for conducting Third Party Certification Audits

10 September 2016 at 10:52

THE INSTITUTE OF Company Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCEStatutory body under an Act of ParliamentPDPP&S/LL/2016/37 Dated: September 09, 2016Dear Professional Colleagues Sub. : Authorization of Practising Company Secretar

Posted in Audit | 3 comments | 4866 Views

Due date for filing ITR extended to 17th Oct from 30th Sep

09 September 2016 at 20:14

Due date for filing of Income tax returns by tax payers whose accounts are required to be audited under IT Act has been extended to 17th Oct F.No.225/195/2016-1TA-II Government of India Ministry of FinanceDepartment of RevenueCentral Board of Direct

Posted in Income Tax | 23 comments | 26247 Views