CAclubindia News

Direct and indirect tax collection jumps by 25% and 31% respectively

09 July 2016 at 11:24

Direct Tax Collections upto June, 2016 indicate net revenue collections of Rs.1.24 lakh crore; registering an increase of 24.79% over the corresponding period last year.The direct tax collections upto June, 2016 indicate net revenue collection of Rs.

Posted in Income Tax | 3 comments | 4305 Views

Applicability of Income Computation and Disclosure Standards

09 July 2016 at 11:24

Applicability of Income Computation and Disclosure Standards notified under section 145(2) of the Income-tax Act, 1961 from Assessment Year 2017-18 The Central Board of Direct Taxes has vide Press Release dated 6.07.2016 (For copy click here) clarifi

Posted in Income Tax | 5826 Views

ICDS to be applicable from 1st April 2016

07 July 2016 at 11:32

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 6th July, 2016Subject: Applicability of Income Computation and Disclosure Standards (ICDS) notified under section 145 (2) of the Income -tax Act, 1961.

Posted in Income Tax | 3 comments | 7641 Views

Campus Placement Programme for Newly Qualified CAs

07 July 2016 at 11:32

Announcement for Campus Placement Programme for Newly Qualified Chartered Accountants August-September,2016The Committee for Professional Accountants in Business & Industry (CPABI) of The Institute of Chartered Accountants of India (ICAI) takes

Posted in Students | 8223 Views

Govt considering having a new financial year

07 July 2016 at 11:32

Government today constituted a Committee headed by Dr. Shankar Acharya (former Chief Economic Adviser) to examine the desirability and feasibility of having ‘a new financial year’; The Committee to submit its Report by 31st December, 2016

Posted in Professional Resource | 2 comments | 6375 Views

CBEC issues a Circular on recovery of confirmed demands during the pendency of stay application of duty

06 July 2016 at 10:50

Central Board of Excise and Customs (CBEC) has issued a circular dated 04.07.2016 on the issue of ‘’Recovery of confirmed demand of tax during the pendency of stay application’’ in relation to indirect taxes. Confirmed demand

Posted in Income Tax | 1 comments | 3723 Views

Transition scheme for existing students will be announced soon

05 July 2016 at 10:29

FOR THE URGENT ATTENTION OF STUDENTSChange in syllabus under the Revised Education and Training Scheme Number of queries are being received from the students with respect to the proposed change in the curriculum of Education and Training of CA course

Posted in Students | 1 comments | 10287 Views

MCA issues order regarding rotation of auditors

04 July 2016 at 10:44

Ministry of Corporate Affairs has issued Companies Third (Removal of Difficulty) Order, 2016, regarding applicability of the provisions of Rotation of Auditors as per Section 139 (2) of the Companies Act, 2013.PFA the enclosed attachment for more det

Posted in Corporate Law | 12921 Views

Govt assures complete confidentiality under income declaration scheme

04 July 2016 at 10:44

The Government has assured complete confidentiality to those declaring their income under the Income Declaration Scheme 2016.

Posted in Income Tax | 3207 Views

Government Notifies Rules regarding Fair market value

01 July 2016 at 11:17

Government Notifies Rules regarding Fair market value and reporting requirement for Indian concern - Indirect transfer provisions - section 9(1) of the Income-tax Act, 1961 Under section 9 of the Income-tax Act, 1961 (the Act), any income arising fr

Posted in Income Tax | 4494 Views