It was brought forth that Government support was required for IT sector in view of increasing trends of protectionism and anti-globalisation abroad. Also rapid changing nature of technology in IT field makes it imperative to focus on R&D in IT, hence, the Government needs to promote R&D and innovation in IT sector in a big way.
Bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers about the same; Action taken in this regard be reported by 16.12.2016.
Keeping in mind highest standards of Chartered Accountancy profession in India, Council of ICAI thought it necessary to issue such KYC norms to be observed by members of profession who are in practice.
ICAI has revised it advisory and removed the part which advises members to not to share /write any negative personal views by way of an article or interview on any platform regarding demonetisation. ANNOUNCEMENT For attention of Members Demonetisation Policy announced by Government of India- An Advisory for Members As you may be aware, the […]
Companies (Amendment) Bill, 2016 is based on the recommendations of Companies Law Committee after taking into account comments received on report.
Seizure of Rs. 106.52 crore Cash and 127 kg Gold in the case of Sand mining Contractors at Chennai by the Income Tax Department. Eight premises (six residential & two offices) were covered in the search.
Following the cancellation of legal tender character of old banknotes of high denomination, to minimize the inconvenience to public, telephone helplines has been set up by RBI
A fake audio containing views on economic matters, inter alia, demonetization, tax reforms etc. is in circulation on Social media including Whatsapp in name of CA. M. Devaraja Reddy, President, ICAI.
Relaxations for companies, including start-ups have been provided through changes in various rules notified under Companies Act, 2013, and include following
Information about certain offshore entities reportedly held by various Indian persons had appeared in media, earlier this year. The information is attributed to be part of ‘Panama Papers’ leaks.
