The annual membership fee and certificate of practice fee for the year 2017-2018 has become due for payment w.e.f. 1st April, 2017. The last date for the payment of fee was 30th June, 2017 which has now been extended upto 31st August, 2017.
RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 had announced a Medium Term Framework (MTF) for FPI limits in Government securities in consultation with the Government of India.
With the roll out of GST from 1st July, 2017, a new era in Indirect Tax Administration has been ushered in. The next important step is to handhold the taxpayers and other stakeholders into this new regime. In this regard, the role of the field formations of CBEC is crucial in facilitating taxpayers.
To put restriction on the cash transactions & promote digital economy, a new section 269ST has been inserted in the Income-tax Act, 1961 vide Finance Act, 2017. * Section 269ST – In Brief: The said section, prohibits receipt of an amount of ` 2 lakh or more by a person, Circumstances — In aggregate from […]
In the Income-tax Rules, 1962 (hereafter referred to as the Principal rules), in rule 29B, in sub-rule (1), clause (i), for the words interest on securities the words and brackets and figures interest on securities (other than interest payable on securities referred to in proviso to section 193) shall be substituted.
I am directed to refer to your letter No. 503/14/2017-/870 dated 20.06. on the subject mentioned above and to request you to take up the matter with the defaulting Commissionerates/Directorates for implementing 100% Bio-metric Attendance System by 15th July, 2017. Report to this effect may be sent to the Board by 20th July, 2017 so that the status can be brought to the notice of Chairperson, CBEC.
An Indian living abroad doing a service, running a business or pursuing any vocation is a non-resident Indian. It is estimated there are over 25 million NRIs spread across the globe. With this huge Diaspora, banking needs for transfer of funds, savings, investments and repatriation of NRIs have also expanded.
On the issue of difficulties being faced while supplying the goods or services for export without payment of integrated tax and filing the FORM GST RFD -11 on the common portal (www.gst.gov.in), because of which exports are being held up.
I wish you a very happy CA Day. On 1st July 2017, our Institute will complete 68 years of its glorious journey of excellence. Analysing the importance of accountancy profession visà- vis economic development, an IFAC study has mentioned: Accountants play an important public interest role
CGST would be Levied on all intra-State supplies of goods and/or services (except on the supply of alcoholic liquor) on the value determined u/s 15 at such rates not exceeding 20%.
