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HDFC clarification on Charges for Cash Withdrawals

March 3, 2017 5250 Views 1 comment Print

HDFC BANK IMPORTANT NOTICE REVISION OF FEES AND CHARGES – SAVINGS & SALARY ACCOUNTS (EFFECTIVE 01st March 2017) Effective 01st March 2017, cash transaction charges for Savings and Salary accounts are being revised as follows: Sr. No Charge Type Revised charges 1 Number of Cash transactions(Cumulative of Deposit and Withdrawal) 4 free cash transactions per […]

Exclude pooling vehicles like Mutual funds, AIP’s, from the purview of section 115BBDA

March 1, 2017 9603 Views 0 comment Print

The Finance Act, 2016 had inserted new Section 115BBDA to tax dividend income in excess of Rs. 10 lacs in case of an Individual, HUF and Firm at the rate of 10%.

TCS on Jewellery sale removed or kept with threshold of Rs. 2 lakhs?

March 1, 2017 48807 Views 1 comment Print

An issue arises as to whether the proposed amendment intends to take out sale of jewellery completely from TCS levy or intends to retain the TCS levy on jewellery but with lower threshold of Rs. 2 lakhs.

ICAI President’s Message – March 2017

February 28, 2017 1911 Views 0 comment Print

I feel extremely privileged to take over as 65th President of ICAI, in the 68th year of its glorious existence and recognition. Realising my increased involvement in the affairs of my dear profession, I feel humbled, as nothing could be more satisfying in the career of a professional than serving his/her alma-mater

Vacancy for Director Position in Indirect Tax

February 28, 2017 5022 Views 0 comment Print

Vacancy for the position of Director, Indirect Tax with a Mumbai Based leading Constancy firm having experience in the field of 10 to 15 Years.

Advance Pricing Agreements Signed by CBDT Touches 140

February 28, 2017 747 Views 0 comment Print

Total number of APAs entered into by the CBDT has reached 140. This includes 10 Bilateral APAs and 130 Unilateral APAs. In the current financial year, a total of 76 APAs (7 Bilateral APAs and 61 Unilateral APAs) have already been entered into.

Procedure to Reset Password while migrating to ICSI SMASH Portal

February 28, 2017 6366 Views 0 comment Print

ICSI is receiving a number of queries from the students informing therein that they are facing difficulties in resetting the password while migrating to the ICSI SMASH Portal. Even though detailed User Manual has been uploaded on the website, the procedure for resetting the password is described hereunder :

Proposal to amend Customs Valuation (Determination of Price of Imported Goods) Rules, 2007

February 28, 2017 1077 Views 0 comment Print

The Central Govt. proposes to consider the following amendments to the Customs Valuation (Determination of Price of Imported Goods) Rules, 2007

Guidance Note on Audit of Banks (2017 Edition)

February 28, 2017 8893 Views 0 comment Print

The Auditing and Assurance Standards Board of the ICAI has today issued the Guidance Note on Audit of Banks 2017 edition. For the benefit of the members, complete text of the Guidance Note and the contents of accompanying CD can be downloaded at the following links:

ICAI submits Post-Budget Memorandum-2017

February 28, 2017 2691 Views 0 comment Print

In this memorandum, suggestions on the specific clauses of the Finance Bill, 2017 relating to Income-tax Act have been given in detail.

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