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MACS to adopt Secretarial Standards issued by ICSI as benchmark

Malaysian Association of Company Secretaries (MACS) to adopt the Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) as the benchmark. ...

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Posted Under: CA, CS, CMA |

MOU between MCA & CBDT for Automatic & Regular Information Exchange

Taking forward the initiative launched by the Government of India to curb the menace of shell companies, money laundering and black money in the country and prevent misuse of corporate structure by shell companies for various illegal purposes, the Ministry of Corporate Affairs and Central Board of Direct Taxes (CBDT) have now concluded a ...

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Posted Under: CA, CS, CMA |

CBDT asked to consider inclusion of Service Charge while assessing tax

Shri Ram Vilas Paswan, Union Minister for Consumer Affairs, Food & Public Distribution told that in order to check the levying of Service Charge compulsorily, CBDT has been asked to consider inclusion of Service Charge while assessing tax....

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Posted Under: CA, CS, CMA |

Demonetisation helped in reducing volume of cash transactions: FM

Aadhar Legislation will stand the test of constitutionality; Demonetisation helped in reducing the volume of cash transactions and increase in digital payments, widening of the tax base and more formalization of the economy among others; No reverse in financial inclusion process possible for policy makers. ...

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Posted Under: CA, CS, CMA |

Digital inclusion is the foundation of financial inclusion

Digital inclusion is the foundation of financial inclusion. We have certain fundamental approach for commitment as far as digital platform is concerned. The first and foremost is, we want to become the leaders in the field digital revolution in the world. Second important attribute of our initiative is, we simply don’t want to digitize ...

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Posted Under: CA, CS, CMA |

Tax on any gain to firms under insolvency code under hair cut be waived: ASSOCHAM to Govt.

ASSOCHAM has written to the government, seeking a slew of tax reliefs, including exemption from tax on any hair cut taken by the banks in the form of a waiver of interest accrued, for the debt -ridden companies which are sought to be revived under the Insolvency and Bankruptcy Code (IBC) ....

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Posted Under: CA, CS, CMA |

Download ICAI FAQ’s and MCQ’s on GST

Indirect Taxes Committee of ICAI has come out with revised publication titled FAQ’s and MCQ’s on GST. This novel initiative of the Committee provides a comprehensive coverage of GST in easy to understand question answer format and written in lucid language which would facilitate the reader to easily comprehend the emerging law....

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Posted Under: CA, CS, CMA |

GST: Jaitley constitutes a Group of Ministers and a Committee on Exports

The Union Finance Minister Shri Arun Jaitleyconstitutes a Group of Ministers and a Committee on Exports; Bihar Deputy Chief Minister,Shri Sushil Kumar Modi to head the GOM while Committee on Exports to be headed by the Revenue Secretary, Dr.Hasmukh Adhia. ...

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Posted Under: CA, CS, CMA |

Govt may increase Gratuity ceiling to Rs. 20 Lakh for Private Sector Employees

The present upper ceiling on gratuity amount under the Act is Rs. 10 Lakh. The provisions for Central Government employees under Central Civil Services (Pension) Rules, 1972 with regard to gratuity are also similar. Before implementation of 7th Central Pay Commission, the ceiling under CCS (Pension) Rules, 1972 was Rs. 10 Lakh. However, w...

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Posted Under: CA, CS, CMA |

Peak Filing Preparation for 2017- MCA 21

To Avoid last minutes rush and system congestion on the MCA 21 Portal on Account of annual filings during the months of October and November, 2017, Companies are requested to file their financial statements and annual returns at the earliest, without postponing it to the last few days permitted for the same....

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Posted Under: CA, CS, CMA |
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