Government today announced that new Income Tax Return (ITR) Forms for A.Y. 2015-16 released vide Notification No. 41/2015 Dated 15.04.2015 that require disclosure of details regarding bank accounts and foreign trips undertaken by an individual will be reconsidered, a move that comes after criticism from tax experts and others.
Exemption(s) in a paper(s) are granted to candidates of Intermediate and Final examinations, in terms of Regulation 37C (8) and Regulation 38C (6), respectively, of the Chartered Accountants Regulations 1988. The rules in this regard are provided in the Guidance Notes made available to the candidates along with the examination forms and hosted on http://icaiexam.icai.org. The related FAQs are also hosted on www.icai.org.
CBI ARRESTS A DEPUTY COMMISSIONER OF INCOME TAX DELHI AND THREE OTHERS IN AN ALLEGED BRIBERY CASE OF RS.1.5 LAKHS The Central Bureau of Investigation has arrested a Deputy Commissioner of Income Tax (DCIT) M Logapathy, an IRS Officer of 2008 Batch, from his office Chamber at C.R. Building, ITO, New Delhi while demanding & […]
As part of ICAI’s continuous drive to uphold the credibility, integrity and image of the accountancy profession in India, the regulatory mechanism of the Institute of Chartered Accountants of India (ICAI) is working assiduously. ICAI has been taking disciplinary action against its errant members as per the provisions of the Chartered Accountants (Amendment) Act, 2006 and Rules framed there under.
Moving ahead with its strategy of ‘naming and shaming’ large tax defaulters, the Income Tax department today came out with a list of 31 defaulters who owe over Rs 1,500 crore to the government. In March 2015 Department has released list of 18 Income tax defaulters who owe over Rs 500 crore in tax to the […]
Candidates who have applied on or before 1st April, 2015 for Common Proficiency Course registration with Regional offices of the Institute / Online but have not yet been issued registration number, can also apply for admission to CPT June, 2015 examination on Provisional basis;
Mos(Finance) Jayant Sinha Emphasises the need for Inclusion of Pension for Every Class of the Society; Highlights the Role of Pension Funds as a Source of Long Term Funds for Infrastructure Development and the Need to have Increased Pension Flows in the Debt and Equity Markets to Reduce Volatility; Conference on National Pension System Held on the Theme of
The Government today notified the National Judicial Appointments Commission Act, 2014 and the Constitution (Ninety-ninth Amendment) Act, 2014 for bringing in a change in the existing system for appointment of Judges in Supreme Court and High Courts. Two Bills titled ‘The Constitution (One Hundred and Twenty First Amendment) Bill, 2014’ and ‘The National Judicial Appointments […]
An Advisory Committee constituted under Section 29B(2C) of the Industries (Development & Regulation) Act, 1951 on de-reservation periodically evaluates products /items reserved for exclusive production by Micro and Small Enterprises. India has opened up its economy since 1991 through a forward looking Policy which led to de-licensing of items. Over the years list of items […]
Application Guide on the provisions of Schedule II to the Companies Act 2013 by Corporate Laws & Corporate Governance Committee – (10-04-2015) Keeping in view the changing economic environment as well as the growth of our economy, the Companies Act, 2013 was enacted to improve corporate governance and to further strengthen regulations for the companies. […]
