The Government has not held any consultation regarding taxation of digital businesses as such. However, to address the challenges posed by the enterprises who conduct their business through digital means and carry-out activities in the country remotely, the following measures have been taken:
ICAI ARF assigned the task of reopening of the books and recasting of the financial statements of IL&FS, IFIN and ITNL from Financial Year 2012-13 to Financial Year 2017-18
E-Capsule Compiler for Quick Revision The Board of Studies has recently launched e-Capsules on ICAI Cloud Campus which are a compilation of subject-wise capsules published in “The Chartered Accountant Student” – a monthly journal released by the Board of Studies. The capsules have been started in the Students’ Journal from April, 2017 and are continuing […]
Educational Material on Indian Accounting Standard (Ind AS) 111, Joint Arrangements This Educational Material on Ind AS 111, Joint Arrangements will provide guidance to the stakeholders in how an entity that is a party to a joint arrangement to determine the type of joint arrangement by assessing its rights and obligations and to account for those […]
Today, on February 12, 2019, ICAI elected its new Torchbearers CA. Prafulla P. Chhajed as the President and CA. Atul Kumar Gupta as the Vice-President for year 2019-20.
Assessee-producer having film production unit entitled for income tax deduction under section 80IB as assessee was running a production house and each new project for a new film, could not be considered as split up or reconstruction of the business already in existence.
The level of income-tax compliance has continuously increased over the last three Financial Years, which is reflected in the number of Income-Tax Returns filed over this period, as given hereunder: – S.No. Financial Year Total Number of Income Tax Returns filed Percentage increase over previous Financial Year (a) (b) (c) (d) 1 2015-16 4.63 Crore […]
Notification No. 11/2019-Customs (ADD) Central Government hereby rescinds the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 11/2013-Customs (ADD), dated the 16th May, 2013, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 318(E), dated the 16th May, 2013, except as respects things done or omitted to be done before such recession.
Notification No. 10/2019-Customs (ADD)- Seeks to amend notification No. 35/2018-Customs (ADD) dated 9th July, 2018 to amend the name of exporters at S. Nos. 1 and 2 of the duty table.
Seeks to amend notification No. 52/2017- Customs (ADD) dated 24.10.2017 Government of India Ministry of Finance (Department of Revenue) Notification No. 9/2019-Customs (ADD) New Delhi, the 12th February, 2019 G.S.R. 104(E).- In exercise of the powers conferred by sub-sections (1), (1A) and (5) of section 9A of the Customs Tariff Act,1975 (51 of 1975), read with […]
