IndianCAs by Ashwin Nagar

Revenue department notifies new income tax return forms. The tax department extends last date for filing of I-T returns to August 31 (PTI) ...

RBI fixes USD 2,50,000 for remittances by individual for aggregate of certain current account transactions The Reserve Bank of Ind...

Government amends FDI rules to allow NRIs to invest in India   The Union Cabinet on Thursday approved amendments to the Foreig...

Concurrent audit online application link of United Bank of India http://ubionline.unitedbank.co.in/ca/application.php

Concurrent audit online application link of Punjab & Sindh bank https://www.psbindia.com/OnLine_Application_CCA.php

FYI - ICAI Notifications New CA Course applicable from 2016 ( drafted by ICAI ) : 1. Change in CA Foundation :- - Name changed from CPT t...

Draft norms for range concept in transfer pricing The tax department on Friday came out with draft norms f...

Important CBDT Circular Sets Out Procedure For Speedy Resolution Of Taxpayer's Grievances Regarding Outstanding Tax Demands The CBDT...

Unconditional exemption of income under Section 10 and no statutory liability to file return of income under Section 139- NO TDS- SEE CI...

Draft Gold Monetization Scheme     The   Finance Minister   in his budget speech for the   Union Budget 2015-16   made the follo...

Brief decision of Council of ICAI at 342nd Meeting held on 15.05.2015. A CA is not allowed to do more than 4 concurrent audits of banks

FYI - ICAI today issued Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities.  The objective of this Gu...

Supreme Court upholds the constitutional validity of National Company Law Tribunal REPORTABLE IN THE SUPREME COURT OF INDIA CIVIL OR...

Black Money Bill: All You Need to Know The black money Bill was passed by the Lok Sabha on Monday. Christened the Undisclosed Foreign Incom...

Finance Bill 2015 gets presidential assent today and becomes Finance Act 2015. Service tax rate of 14% get approved, however will be effecti...

Companies amendment bill passed in Rajya Sabha Main features and relaxations are as under: 1.      No minimum capital requirement of Rs.1 ...

ICAI has issued today Guidance note on Accounting for Derivatives. This Guidance Note is an interim measure to provide recommendatory guida...

Forwarding as received from Chintan Patel.. Proposed amendment : IMPORTANT effective from 1st JUNE, 2015; TDS provision u/s 194C applicab...

Rajjya Sabha passed Finance Bill 2015. Now only ascent from President required for enactment of Budget.

Amendment to The CENVAT Credit Rules,2004 (CCR,2004)   Rule 3(7)(b) of the CCR,2004 has been amended so as to allow utilizatio...