As part of the initiative of the Ministry of Commerce & Industry to provide easy access to the public on export and import trends of India the Minister of State for Commerce & Industry (I/C) Smt. Nirmala Sitharaman launched here today a dashboard on EXIM Analytics. This is a portal developed by the Directorate General of Commercial Intelligence and Statistics, at the instance of the Ministry.
The Auditing and Assurance Standards Board of ICAI has brought out Guidance Note on the Companies (Auditor’s Report) Order, 2016 for the benefit of the members. The Guidance Note was initially developed by three expert groups constituted by the Board for this purpose and thereafter finalised with the contribution of all the members of the Board and the Council.
An Action Plan for Startup India to build a strong eco-system to nurture innovation and Startups in the country was launched on 16th January 2016. Salient features of the scheme are as follow:
We wish to inform that the following Standards on Cost Auditing (SCAs) have been forwarded during financial year 2015-16 to the Ministry of Corporate Affairs, Government of India for its approval in terms of proviso to section 148(3) of the Companies Act 2013. These SCAs have been approved by the Cost Auditing & Assurance Standards Board (CAASB) after considering the comments/ suggestions of stakeholders and subsequently also by the Council of the Institute.
Press Information Bureau Government of India Ministry of Corporate Affairs 03-May-2016 17:48 IST CSR Spends on Swachh Bharat CESS As per Union Budget 2016-2017, the estimated amount to be collected from Swachh Bharat Cess during the year 2016-17 is Rs. 10,000 crores. However, there is no proposal of the Government to mandate Corporates to set […]
Derivatives are an integral risk management tool for most of the business entities and financial institutions. Most of the bigger and mid-size companies in India use derivatives to manage foreign currency, interest rate and commodity price risks. Derivatives foster financial innovation and contribute to the completeness of financial markets.
The Hon’ble Prime Minister of India launched the Universal Account Number (UAN) for EPF members in October 2014 with a view to enable members to have continuity in their PF membership on every change in job and/or location. UAN has been issued to all members in respect of whom at least one contribution has been received since January 2014.
The objective of publishing this statistics is to encourage wider use and analysis of Income-tax data by Departmental personnel and academicians. The statistics relating to sources of income have been prepared on the basis of values mentioned in e-filed returns and values captured from paper returns and the same may contain data entry errors on the part of the taxpayers/ return filers. Therefore, the accuracy of the statistics is limited by the accuracy of returns.
The objective of the Insolvency and Bankruptcy Code, 2015 is to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner. There is no single law in India that deals with insolvency and bankruptcy.
Income Tax Department has released details of Tax Payers to whom the Income PAN Cars is been allotted during the Financial Year 2013-14. It shows the the same based on Status of Taxpayer i.e. Individual, Company , Firm Etc. and also based on Taxpayers Age during the Financial Year 2013-14 while making the Application and […]
