Daily Archive: Tuesday, May 10, 2016

Govt plan making black money fake notes circulating ineffective. No guidelines to minimise cash transactions to curb money laundering, black money.

Author: | Categories: Black Money No comments
Govt plan making black money fake notes circulating ineffective. Denies about any guidelines to minimise cash transactions to curb money laundering, black money.  The Government has not issued any guidelines regarding minimising daily financial transactions in cash to curb money laundering, black money and so on. However, the plans of Government

ITR AL schedule capture assets, liabilities details not net worth. For AY 2016-17 Schedule AL is applicable if total income exceeds Rs.50 lakh

Author: | Categories: Income Tax No comments
ITR AL schedule capture assets liabilities not net worth details.  Press Release of Finance Ministry dated 10/05/2016 Declaration of Assets & Liabilities in the new ITR forms Central Board of Direct Taxes (CBDT) have released new income-tax return forms with mandatory provisions of declaring Assets & Liabilities (A&L) such

Guidance Note on Accounting for Real Estate Transactions-ICAI. The Guidance Note is meant for entities to whom Ind AS is applicable

Author: | Categories: ICAI No comments
Guidance Note on Accounting for Real Estate Transactions-ICAI ICAI has issued a Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable). The objective of the guidance note is  to recommend the accounting treatment by entities dealing in ‘Real Estate’ as sellers or

CA Firms Empanelment for CBI Forensic Audit. Applications last date is within one week’s time-ICAI Announcement dated 10/05/2016

CA Firms Empanelment for CBI Forensic Audit. Applications last date is within one week’s time-ICAI Announcement dated 10/05/2016 Central Bureau of Investigation (CBI) has sought the help of the Institute of Chartered Accountants of India for investigation of important Forensic Audit assignments. Chartered Accountants firms having prior sufficient experience

Feedback on Income-tax Arrear Demand Verification Portal invited by ICAI to identify problem areas/issues in the facility at incometaxindiaefiling website

Author: | Categories: ICAI No comments
Feedback on Income-tax Arrear Demand Verification Portal invited by ICAI ICAI Announcment The Income Tax Department has launched an “Arrear Demand Verification Portal at https://incometaxindiaefiling.gov.in/ which can be accessed by the assessees with their respective user-id. This portal provides various options in the assessee’s dashboard for settling/modifying the outstanding

India-Mauritius double taxation avoidance convention amendment protocol for prevention of tax evasion on income and capital gains-CBDT

Author: | Categories: Income Tax No comments
India-Mauritius double taxation avoidance convention amendment protocol for prevention of tax evasion on income and capital gains. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 10th May, 2016 Subject: Protocol for amendment of the Convention for the avoidance of

Segregation of impurities from honey grade brass scrap i.e. iron, steel, rubber, plastic, dust etc. CBEC Clarification Circular 1029/17/2016-CX dt. 10052016

Author: | Categories: Excise/Custom No comments
Segregation of impurities from honey grade brass scrap i.e. iron, steel, rubber, plastic, dust etc. CBEC Clarification Circular 1029/17/2016-CX dt. 10052016 Circular No.1029/17/2016-CX F. No. 267/33/2014-CX.8 Government  of lndia Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 10th May, 2016 To
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