The Committee on Allowances, constituted by the Ministry of Finance to examine the 7th CPC recommendations on Allowances, submitted its Report to Shri Arun Jaitley, Finance Minister on 27.04.2017
Many private – equity and venture capital backed companies are expected to tap into the capital market this year, even as mergers and acquisitions (M&As) have emerged as another favourable exit route for the PEs and VCs in India, according to an ASSOCHAM-Deloitte Study.
Apex Industry body ASSOCHAM has advocated continuation of the exemption from MAT (Minimum Alternative Tax) by the insertion of a suitable substitution of or addition to the Income Tax Act in respect of the restructuring under the insolvency & banking code 2016.
Following is the Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.
THE Uttar Pradesh GOODS AND SERVICES TAX BILL, 2017 A BILL to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Uttar Pradesh and the matters connected therewith or incidental there to BE it enacted by Legislature of Uttar Pradesh in the […]
Online application’s are invited for Audit Empanelment for 2017-2020 by Commissioner for Cooperation and Registrar, Cooperative Societies (CC and RCS) Maharashtra State, Pune Apply for the Empanelment between 27th April to 12th May 2017 as an online process on Mahasahakar website i.e. https://mahasahakar.maharashtra.gov.in Further Update on 01.04.2018- Auditor Empanelment List 2017-2020 – Click to Download […]
Clarification on news reports regarding NITI Aayog’s Draft Three Year Action Agenda, published on 26th April, 2017 Several newspaper reports published on April 26th, 2017, state that NITI Aayog or its Draft Three year Action Agenda has recommended that Farm Income in India be taxed to expand the existing Income Tax base. The NITI Aayog […]
Central Government has no plan to impose any tax on agriculture income. As per the Constitutional Allocation of Powers, the Central Government has no jurisdiction to impose tax on agricultural income
A candidate for the Information System Audit (Assessment Test) shall ordinarily be declared to have passed the Test, if he/she secures, a minimum of sixty percent marks in aggregate
Exposure Draft issued by IASB on Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34) is for comments only. Comments on the Exposure Draft need to be received by May 26, 2017.
