The Aaykar Diwas – Income Tax Day was celebrated today across India. The main function at Vigyan Bhavan, New Delhi was graced by the Honourable Finance Minister of India, Shri Arun Jaitley. Shri Santosh Kumar Gangwar, the Minister of State for Finance (Revenue), senior officials of Revenue Department including the Revenue Secretary, Chairman and Members of the Central Board of Direct Taxes and senior officers of the Income Tax Department (ITD) attended the event.
SEBI vide its circular No. CDMRD/DMP/CIR/P/2016/96 dated September 27, 2016 had updated and consolidated norms with regard to position limits of commodity derivatives including commodity-wise numerical value of overall client level open position limits.
All insurers having unclaimed amounts of policyholders for a period of more than 10 years as on 30th September, 2017 need to transfer the same to the Senior Citizens’ Welfare Fund (SCWF) on or before 1st March, 2018.
PwC’s comprehensive report on ‘Transactions in the real estate sector’ covers the various tax and regulatory aspects that need to be considered while entering into transactions in the real estate sector.
The Attached book on GST Explains in simple language in Hindi the provisions related to Importance of GST and Benefits, Taxes to be subsumed in GST, Migration related provisions, GST Registration, Composition Levy, GST Return, Input Tax Credit, Payment of GST, GST Assessment, GST Refund, GST Appeal, GST Transitional Provisions and GST Helpdesk.
Attached file explains about Tax Invoice, Credit Note and Debit Note in Hindi under the New GST Regime as applicable from 1st July 2017. Book further Explains about what Tax Invoice should contain, time limit to issue Tax Invoice, How to issue Invoice, Bill of Supply, Receipt Voucher, Refund Voucher, Payment Voucher, Revised Tax Invoice, […]
The above referred story incorrectly portrays about incidents being reported at the venue of CA Day 2017 celebrations i.e. at Indira Gandhi Indoor Stadium on July 1, 2017. It has been mentioned that force was used by the Police to control the crowd at the venue & Chartered Accountants were shouting slogans against the Govt.
Clarifications with FAQs on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies.
CBDT press release on Issues arising from the implementation of Minimum Alternate Tax (MAT) provisions relating to Indian Accounting Standards (Ind AS) compliant companies.
Technical Guide on Income Computation and Disclosure Standards The Ministry of Finance vide Notification No. 87/2016 dated 29.09.2016 notified ten Income Computation and Disclosure Standards (ICDSs), operationalizing a new framework for computation of taxable income by all assessees (other than individual or a HUF who is not required to get his accounts of the previous […]
