CAclubindia News

Payments exceeding Rs. 10,000/- in cash to be disallowed

01 February 2018 at 13:56

Stricter controls over small cash flow by companies; Payments exceeding Rs. 10,000/- in cash made by such entities shall be disallowedPosted On: 01 FEB 2018 1:16PM by PIB DelhiIn order to control the cash economy and increase TDS compliance, the Unio

Posted in Community & General | 11202 Views

Corporate tax reduced to 25% : Govt foregos 7000 crore revenue

01 February 2018 at 13:55

99% MSMEs to gain by Tax Incentives provided in General Budget 2018-19 The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has proposed a reduced rate of 25% to companies that have reported turnover up to Rs 250 crores in financia

Posted in Community & General | 1 comments | 4155 Views

Standard Deduction of Rs 40,000 allowed to Salaried Taxpayers

01 February 2018 at 13:53

Relief to salaried taxpayers: standard deduction of Rs 40,000 allowed in lieu of present exemptions2.5 Crores salaried employees and pensioners to benefitDifferently-Abled will continue to get transport allowance at enhanced rate In order to provide

Posted in Community & General | 1 comments | 9840 Views

Exemption of interest income on deposits increased to Rs 50,000 for senior citizens

01 February 2018 at 13:49

With the objective of providing a dignified life to senior citizens, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, announced significant incentives for senior citizens.

Posted in Community & General | 5049 Views

LTCG on equity introduced at 10%

01 February 2018 at 13:44

Rationalisation of long term capital gains proposedRevenue gain of about Rs.20,000 crores expected in the first yearThe Union Finance and Corporate Affairs Minister Shri Arun Jaitley today proposed to tax long term capital gains exceeding Rs.1 lakh

Posted in Community & General | 4857 Views

E-assessment to be rolled out across the country

01 February 2018 at 13:32

E-assessment to be rolled-out across the country to transform age-old assessment procedureIn the General Budget 2018-19 presented in Parliament today, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to amend the Incom

Posted in Community & General | 1 comments | 3903 Views

Highlights of Budget 2018-19

01 February 2018 at 13:25

Finance Minister Shri Arun Jaitley presents general Budget 2018-19 in Parliament. Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors Government says, a series of str

Posted in Union Budget & Policy | 3 comments | 55056 Views

Last date for payment of CA membership fees extended to 15th March

01 February 2018 at 10:47

ANNOUNCEMENTFor attention of MembersThe Council at its 371st meeting held from 18th to 20th December, 2017 and adjourned to/continued on 18th and 19th January, 2018 noted the difficulties faced by the members in payment of membership fee and certific

Posted in Professional Resource | 2643 Views

ICAI President's Message - February 2018

01 February 2018 at 10:23

My dear Esteemed Professional colleagues,As you may be aware, World Bank’s Global Economic Prospects has estimated that India is likely to regain the position as the fastest growing economy in 2018 with growth expected to accelerate to 7.3 perc

Posted in Professional Resource | 2406 Views

Applicability of Ind AS for Final Exams under Old Course

31 January 2018 at 13:15

Students appearing in May, 2018 or forthcoming examinations under old course, may note that the existing Accounting Standards will continue to be applicable for all chapters of the Final Paper 1

Posted in Students | 4 comments | 13641 Views