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TIEA between India and Brunei signed on 28.02.2019

February 28, 2019 10272 Views 0 comment Print

Government of Republic of India and the Government of His Majesty the Sultan And Yang Di-Pertuan Of Brunei Darussalam signed an Agreement for the Exchange of Information and Assistance in Collection with respect to Taxes (TIEA) on 28th February 2019 at New Delhi.

ICAI President’s Message-March 2019

February 28, 2019 966 Views 0 comment Print

As we know, in a ghastly and gruesome attack on our CRPF personnel in the Pulwama district of Jammu & Kashmir, 40 personnel were killed. We strongly condemn this despicable and cowardly act.

Exposure Draft of Definition of Material Amendments to Ind AS 1 and Ind AS 8

February 28, 2019 4302 Views 0 comment Print

Following is the Exposure Draft of the Amendments to Ind AS 1, Presentation of Indian Accounting Standards, and Ind AS 8, Accounting Policies, Change in Accounting Estimates and Errors, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India for comments.

Definition of a Business Amendments to Ind AS 103

February 28, 2019 3099 Views 0 comment Print

Following is the Exposure Draft of the Amendments to Ind AS 103, Business Combinations, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India for comments.

Exposure Draft Revised Guidance Note on Accounting of Political Parties

February 28, 2019 810 Views 0 comment Print

During the year 2012, ICAI had issued a Guidance Note on ‘Accounting and Auditing of Political Parties’ as desired by the Election Commission of India. The Guidance Note is now being upgraded to incorporate certain improvements and changes in the operating environments since then. It has also been decided to issue the guidance for Auditing of Political Parties separately in detailed manner, if required.

Income Tax Department hits at terror financing activities in J&K Region

February 28, 2019 954 Views 1 comment Print

Income Tax Department hits at terror financing activities in J&K Region; Conducts sensitive search action at various place. The Head of a prominent Organisation allegedly indulging in anti-national activities along with his associates were covered in a sensitive search action by the Income Tax Department today. Ministry of Finance Income Tax Department hits at terror […]

Link your PAN with your Bank Account- No Refund if A/c not linked

February 28, 2019 28392 Views 5 comments Print

Link your PAN with your Bank Account… Get your refund directly, swiftly and securely in your bank account Income Tax Department will Issue only e-refunds from 01.03.2019 Refunds will be given only to bank accounts (savings/current/cash/OD) which are linked with PAN. To check if your bank account is linked with your PAN, login to e-filing portal, go […]

New Book on GST by CA Raman Singla & Taxguru

February 27, 2019 546957 Views 104 comments Print

We are happy to announce the release of our detailed book on GST titled A Complete Analysis on GST –January 2019 Edition by CA Raman Singla

Maximizing Revenue collection is the Immediate priority: CBDT Chairman

February 27, 2019 834 Views 0 comment Print

Our immediate priority, will be maximizing Revenue collection. We need to widen and deepen the tax base, ensuring simultaneously, the optimum utilization of physical as well as human resources. This must be done without any harassment or high handedness on the part of officers or officials. Our conduct must be impeccable, friendly, yet objective -without fear or favour- as we move towards becoming a non-adversarial regime.

Mandatory to link your PAN with Aadhaar by 31st March, 2019

February 25, 2019 4611 Views 0 comment Print

Link PAN-Aadhaar Today Beneficial Tomorrow It is mandatory to link your PAN with Aadhaar! Last date to link PAN with Aadhaar is 31st March, 2019 How to link your PAN with Aadhaar Through SMS facility: Send SMS to 567678 or 56161 in following format: UIDPAN<SPACE><12 digitAadhaar><Space><10 digit PAN> Example: SMS to 567678 or 56161: UIDPAN […]

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