CAclubindia News

Procedure for registration as an Insolvency Professional with ICAI

30 November 2016 at 10:42

The Indian Institute of Insolvency professionals of ICAI (IIIPI), a section 8 Company formed by the Institute of Chartered Accountants of India to enroll and regulate insolvency professionals as its members in accordance with the Insolvency and Bankr

Posted in Professional Resource | 9975 Views

POS Devices exempted from Central Excise Duty till 31st March

30 November 2016 at 10:42

Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017. The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016.

Posted in Excise | 1 comments | 5400 Views

Cash withdrawal restriction removed of deposit made in legal tender on or after November 29, 2016

29 November 2016 at 13:40

RBI/2016-17/163DCM.No.1437/10.27.00/2016-17November 28, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Cooperative Banks/State Cooperative Banks/

Posted in Others | 5 comments | 20562 Views

Indian Institute of Insolvency Professionals of ICAI granted registration

29 November 2016 at 10:44

FM: Present Government has taken a new initiative by setting-up a modern insolvency mechanism based on the best practices in the world; Hope that it will deliver the desired results; Hands-over the Certificates of Registration to these two Insolvency

Posted in Professional Resource | 3954 Views

PM speaks at length on demonetizations in Mann ki baat

29 November 2016 at 10:44

English rendering of the text of PM’s ‘Mann Ki Baat’ address on All India Radio on 27.11.2016 My dear countrymen, Namaskar. Last month, all of us were celebrating Diwali. Like every year, this Diwali too, I had gone to the border, t

Posted in Professional Resource | 1 comments | 3165 Views

Bill introduced by govt in Parliament to tax black money

28 November 2016 at 17:12

Taxation Laws (Second Amendment) Bill, 2016 introduced in Lok Sabha; A scheme namely, Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) proposed in the Bill. Evasion of taxes deprives the nation of crit

Posted in Others | 18690 Views

IBA directs banks to accept payment of instalments under IDS 2016

28 November 2016 at 10:34

No.RB/CIR/OTC-IDS/1404A November 25, 2016 The Chief Executives of All Member BanksDear Sir/Madam,Income Declaration Scheme 2016 – Grievance regarding non-acceptance by banks of payments under IDS, 2016 through ITNS-286 We have received a commun

Posted in Income Tax | 3531 Views

RBI Announces Measures to Manage Liquidity Conditions

28 November 2016 at 10:34

With the withdrawal of the legal tender status of ₹ 500 and ₹ 1,000 denomination bank notes (hereafter referred to as Specified Bank Notes - SBNs) beginning November 9, 2016, there has been a surge in deposits relative to the expansion in bank credit

Posted in Others | 2865 Views

Revised Model Draft GST Law, IGST Law and GST Compensation Law Released by CBEC

26 November 2016 at 15:12

Draft Model GST Law, Draft IGST Law and Draft Compensation Law placed in the public domain for information of trade, industry and other stake holders. The Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would be considered by the

Posted in GST | 12543 Views

FM pushes banks for major cash less transaction

25 November 2016 at 10:59

The Union Finance Minister Shri Arun Jaitley holds Video Conferencing with Banks for major push to cash less transactions; Banks to now focus on stepping-up Transactions in mission mode through alternate banking channels such as NEFT, mobile wallets,

Posted in Income Tax | 1 comments | 4314 Views