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Rate of interest of PPF deposits for 2018 reduced to 7.6 percent
15 January 2018 at 11:16RBI/2017-18/120DGBA.GBD.1781/15.02.005/2017-18All Agency Banks handling Small Saving SchemesDear SirInterest rates for Small Savings SchemesPlease refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The G
Sharp increase in prosecutions of tax evaders by Income Tax Department
15 January 2018 at 11:16The Income Tax Department has accorded the highest priority to tackle the menace of black money. With this objective in mind, the Department has initiated criminal prosecution proceedings in a large number of cases of tax offenders and evaders.Prosec
Status of reactivated DINs under condonation of delay scheme
15 January 2018 at 11:16Stakeholders of Condonation of Delay Scheme (CODS) (notified vide General Circular No.16/2017 dated 29th December 2017) may kindly note that the process for ‘reactivation’ of the DINs in respect of disqualified Directors has been complete
Draft bank branch Auditors panel of CA firms released for 2017-18
15 January 2018 at 10:34Dear Professional Colleagues,We are pleased to inform that the Draft Bank Branch Auditors Panel of Chartered Accountants/firms for the year 2017-18 has been prepared alongwith the category of the applicants. The Draft Panel contains the following:1.
ICAI views on SEBI order regarding Satyam Case
12 January 2018 at 20:23ICAI views on recent order issued by SEBI-Satyam caseWith regards to Sebi order in the Satyam case, we would like to inform that The Institute of Chartered Accountants of India was the first to be off the blocks when the Satyam matter broke out in Ja
IT dept attaches Benami properties of more than Rs 3500 crore
12 January 2018 at 11:26Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi,11thJanuary, 2018Income Tax Department steps up actions under Prohibition of Benami Property TransactionsAct : Benami properties of more than Rs. 3500 c
CA Final and CPT Nov exam result to be declared on 17th January
11 January 2018 at 16:39The result of the Chartered Accountants Final Examination held in November 2017 and Common Proficiency Test (CPT) held in December 2017 are likely to be declared on Wednesday, the 17th January 2018 around 2.00 P.M. and the same as well as the merit l
Satyam Case: SEBI bans PwC entities from issuing audit certificates for listed entities for 2 years
11 January 2018 at 13:18Finding PwC guilty in the 9-year-oldSatyam scam, SEBI has banned PwC and its network entities from issuing audit certificates to any listed company in India for two years.This is said to be one of the most stringent orders passed by any regulator aga
CA Final suggested answers for Nov 2017 released
10 January 2018 at 17:43The Institute of Chartered Accountants of India regularly publishes suggested answers for CA Final examinations. Lately, suggested answers for the CA Final examinations conducted in Nov 2017 were released.
Exemption of paper or a group in the New course
10 January 2018 at 11:16Announcement9th January 2018 Exemption(s) from appearing in a paper(s) or Group of CA Exams, under the New Scheme of Education and Training w.e.f. May 2018 examinations.New Scheme of Education of the CA course, has been implemented with effect from 1
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