CAclubindia News

Data on Tax Evasion in Post-GST Regime

01 August 2018 at 11:41

The number of cases of Tax Evasion reported post-GST regime are given in Table below: Period Detection No. of cases Amount in Crore July 2017 to June 2018 1205 3026.55 The nature of cases include misuse of Input T

Posted in Income Tax | 1623 Views

Actions taken by IT Department against Black Money

01 August 2018 at 11:41

The Income-tax Department (ITD) takes appropriate action against black money which is an on-going process. Such action under the Direct Tax laws includes searches, surveys, enquiries, assessment of income, levy of penalties and filing of prosecutio

Posted in Income Tax | 1 comments | 11202 Views

Benami Properties of Rs. 4300 crores uncovered

01 August 2018 at 11:41

Due to intensive efforts undertaken by the Income-tax Department, provisional attachment has been made in more than 1600 cases of properties under the Benami Transactions (Prohibition) Act, 1988. These include plots of land, flats, shops, vehicles, d

Posted in Income Tax | 1764 Views

ICAI steps into platinum jubilee year : President

01 August 2018 at 10:27

My Dear Professional Colleagues, ICAI turned a new leaf in its glorious history by completing 69 years of working for nation-building and in public interest, and stepping into the Platinum Jubilee Year on 1st July 2018. In celebration

Posted in Career | 4158 Views

Industrial Training Placement Assistance by ICAI

31 July 2018 at 16:20

Industrial Trainee Program About the Placement Assistance Programme - August, 2018 ( II ):This is a placement assistance programme initiated by the Bangalore Decentralized Office of ICAI to aid the CA students across India in getting suitable placemen

Posted in Students | 6 comments | 12411 Views

Draft Simplified GST Return Formats

31 July 2018 at 11:23

Key features of Monthly ReturnsBackground: GST Council in its 27th meeting held on 4thMay, 2018 had approved the basic principles of GST return design. Now in its 28th meeting held on 21st July, 2018, GST Council approved the key features and new for

Posted in GST | 13746 Views

CA IPCC / Inter Merit List for May 2018 Results

30 July 2018 at 14:07

For the first time, ICAI has released Merit List for CA IPCC and Inter May 2018 Results released on 29th July 2018. The Merit List is available for download on CA Students App.The Merit List includes names of All India Rankers up to the Rank of 50.Yo

Posted in Students | 24936 Views

CBIC issues 28 Notification Related to GST Rates on Goods & Services

30 July 2018 at 12:09

CBIC issues 28 Notification Related to GST Rates on Goods & Services on 26th July 2018 which are effective from 27th July 2018. Notifications include Notification No. 2/2018-Compensation Cess (Rate), Notification No. 13 to 21/2018-Central Tax (Ra

Posted in GST | 12333 Views

IDT Commitee of ICAI issues Post-Budget Memorandum 2018

30 July 2018 at 12:09

INTRODUCTION The Council of the Institute of Chartered Accountants of India considers it a privilege to submit this Post-Budget Memorandum to the Government of India. In this memorandum, we have suggested certain amendments to the proposals contained

Posted in Professional Resource | 3894 Views

Recommendations for GST Simplification for SMEs

30 July 2018 at 12:09

Sub: Recommendations for Simplification of GST for Small and Medium Enterprises (SME).We have read with detail the recommendations of the 28th GST Council Meeting and we are happy to note the efforts taken by the Council to simplify business processe

Posted in GST | 2244 Views