CAclubindia News

Income Declaration Scheme (Second Amendment) Rules, 2016

16 August 2016 at 10:34

MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 12th August, 2016S.O. 2705(E).— In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 199 of the Finance Act, 20

Posted in Income Tax | 4692 Views

Measures taken by govt to recover Black money

13 August 2016 at 11:25

The Government has taken various measures to effectively deal with the issue of black money, particularly black money stashed away abroad. Such measures include policy-level initiatives, more effective enforcement action on the ground, putting in pla

Posted in Income Tax | 1 comments | 5082 Views

MEF form for the year 2016-17 made live

12 August 2016 at 10:44

Online Multipurpose Empanelment Form (MEF) for the year 2016-17 is live at www.meficai.org. The last date for submission of online MEF Form for the year 2016-17 is31st August, 2016 and for submission of hard copy of "DECLARATION FOR MEF 2016-17&

Posted in Professional Resource | 7404 Views

Group formed to finalise format of fit and proper CA firm certificate

11 August 2016 at 10:58

ALL MEMBERS OF THE COUNCILMadam/Dear Sir, The Management Committee, at its 12th (Adjourned) meeting held on 7th August, 2016, while considering Item No.5, ‘Issuance of Fit and Proper Certificate sought by CA Firms similar to Good-standing Certi

Posted in Professional Resource | 2 comments | 4509 Views

Direct and indirect taxes grows by over 24 and 29% respectively

10 August 2016 at 10:58

Indirect Tax Collections up to July, 2016 indicate net revenue collections of Rs.2,71,719 crore as compared to Rs.209217 crore in the corresponding period last year and thereby registering an increase of 29.9% over the corresponding period; 34.9%

Posted in Income Tax | 1 comments | 3201 Views

Over 226.98 Lakh e-returns filed as on 5th August 2016 in FY 2016-17

09 August 2016 at 11:01

Surging growth in Electronic filing of Income Tax Returns for Financial Year 2016-2017; Over 226.98 Lakh e-returns filed as on 5th August 2016 in F.Y. 2016-17 as compared to 70.97 Lakh for the same period in FY 2015-16 The facility of e-verification

Posted in Income Tax | 4 comments | 3810 Views

Lok Sabha passes GST constitutional amendment bill , PM says GST a great step by Team India

09 August 2016 at 11:00

PM in Lok Sabha: GST is a Great Step by Team India, Great Step Towards TransformationPM describes the imminent passage of GST as a victory for Indian Democracy The Prime Minister, Shri Narendra Modi, today described the Goods and Services Tax (GST) a

Posted in GST | 3741 Views

Lok Sabha to consider the GST Constitutional Amendment bill next week

06 August 2016 at 18:07

Lok Sabha to consider the Constitutional Amendment bill relating to GST next week Constitutional Amendment bill passed with huge consensus in Rajya SabhaRajya Sabha passed 5 Bills and Lok Sabha2 bills during the weekThe passing of the Constitution (O

Posted in GST | 3336 Views

Govt along with RBI targets inflation at four percent

06 August 2016 at 11:36

Statutory and Institutionalised framework for Monetary Policy; Central Government in consultation with RBI announces the Inflation Target of Four Percent The Finance Minister had announced in his Budget Speech for 2016-17 the Government�s inte

Posted in Others | 3054 Views

Framework for computation of book profit for the purposes of levy of MAT

06 August 2016 at 11:36

Framework for computation of book profit for the purposes of levy of MAT under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies. A Committee had been constituted, with the approval of the Financ

Posted in Income Tax | 4956 Views