CAclubindia News


TCS at 1 percent only applicable on cash portion of sale

   25 June 2016 at 12:09

Circular No. 23/2016F.No.370142/17/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of revenueCentral Board of Direct Taxes(TPL Division)Subject: Amendment in Section 206C of the Income-tax Act vide Finance Act 2016 In order to curb the cash

Posted in Income Tax  15 comments |   10911 Views


Clarification regarding HUF cannot be partner in a partnership firm

   24 June 2016 at 10:45

Clarification that HUF cannot be a partner but its karta or any individual of HUF can be a partner in a partnership firm in its individual capacity and not the HUF.

Posted in Professional Resource  4 comments |   9732 Views


Empanelment as examiners for CA exams

   24 June 2016 at 10:45

Applications are invited from eligible members of the Institute and other professionals including academicians of reputed educational institutions, tax and legal practitioners etc., having a flair for academic activities including valuation of answer

Posted in Exams  5 comments |   7257 Views


Cabinet approves Tax and Production Incentives for Job Creation in Garment Manufacturing Sector

   23 June 2016 at 10:45

Cabinet approves Tax and Production Incentives for Job Creation in Garment Manufacturing Sector Cabinet approves Special Package for Job Creation & Export Promotion in Textile & Apparel Sector Special Package to create 1 Crore Jobs in 3 Years

Posted in Others  1 comments |   4092 Views


Amendment in Rule 114H of Income-tax Rules, 1962

   23 June 2016 at 10:45

The Rule 114H of the Income-tax Rules, 1962 (the Rules) has been amended vide Notification No.48/2016 [S.O.2151(E)] dated 20th June 2016. In order to provide sufficient time to the reporting Financial Institutions for completing the due diligence pro

Posted in Income Tax |   5298 Views


Clarification regarding threshold Limit of tax audit under section 44AB and 44AD

   22 June 2016 at 10:47

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, the 20th June, 2016Sub: Threshold Limit of tax audit under section 44AB and section 44AD – clarification regardingSection 44AB of the Income-tax

Posted in Income Tax  5 comments |   12360 Views


Applicability of Amendments for Nov 2016 Final Exams

   22 June 2016 at 10:47

Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2016 � Final ExaminationPaper 1: Financial Reporting I. Framework for the Preparation and Presentation of Financial Statements.II. Accounting StandardsAS No. AS

Posted in Exams |   20487 Views


Applicability of Amendments for IPC Nov 2016 Exams

   22 June 2016 at 10:47

Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2016 – Intermediate (IPC) Examination Paper 1: AccountingAccounting StandardsAS 1 : Disclosure of Accounting PoliciesAS 2 : Valuation of InventoriesAS 3 : Cash

Posted in Exams |   9891 Views


Clarification regarding News Report of Arrest of Tax Defaulters

   22 June 2016 at 10:47

Certain sections of the press have been carrying news reports today that Income Tax Department is going to arrest wilful defaulters of tax. In this regard, it is clarified that no such statement has been authorised by the Income-tax Department. Thoug

Posted in Income Tax |   3072 Views


Non applicability of MCA amendments in Nov 2016 CA Exams

   21 June 2016 at 10:41

Non-applicability of Amendments made by MCA in the Companies (Accounting Standards) Rules, 2006 and Companies (Indian Accounting Standards) Rules, 2015 for November, 2016 Examination Any new AS or Ind AS or revised version of AS or Ind AS, notified b

Posted in Exams |   5304 Views



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