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Old 500 Note cannot be used at Petrol Pump and for Air Ticket Purchase wef 03.12.2016

   01 December 2016 at 17:41

MINISTRY OF FINANCE(DEPARTMENT OF ECONOMIC AFFAIRS)NOTIFICATIONNew Delhi, the 30th November, 2016S.O. 3598(E).�In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central

Posted in Others |   2967 Views


ICAI President's Message - December 2016

   30 November 2016 at 16:32

Indian accountancy profession has been acting responsibly offering its complete support to the Government of India in its initiatives, particularly those relating to economy.

Posted in Professional Resource |   4476 Views


Interest rate cut in PPF and KVP by 0.10 percent in this quarter

   30 November 2016 at 11:14

Interest rate cut for long term saving schemes The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme, 2004, and Sukanya Samriddhi Account (the Girl Child Scheme) were reduced by 0.10 percentage po

Posted in Others |   4755 Views


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 |   9981 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 |   5409 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 |   20571 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 |   3174 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 |   18705 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 |   3537 Views



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