Daily Archive: Saturday, October 1, 2016

CBDT notifies 7 Andhra Pradesh districts for tax incentives u/s 32(1)(iia) and section 32AD of the Income-tax Act

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CBDT notifies 7 Andhra Pradesh districts for tax incentives u/s 32(1)(iia) and section 32AD  Under the Andhra Pradesh Re-organisation Act, 2014 the Government of India is extending special assistance to four districts of Rayalseema and three districts of North coastal Region of Andhra Pradesh. To further boost the industrial activities,

 

Small Savings Schemes Interest rates reduced for 3rd quarter FY 2016-17. KVP Maturity now in 112 Months against existing 110 Months

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Small Savings Schemes Interest rates reduced for 3rd quarter FY 2016-17 F.No. 1/04/2016-NS .II Government of India Ministry of Finance Department of Economic Affairs (Budget Division) North -Block , New Delhi Dated: 29th September, 2016 OFFICE MEMORANDUM Subject: Revision of interest rates for Small Savings Schemes. The undersigned is

 

Revised ICDS-V Tangible Fixed Assets applicable from FY 2016-17 AY 2017-18 Download CBDT Notification

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Revised ICDS-V Tangible Fixed Assets applicable from FY 2016-17 AY 2017-18  CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided family

 

IDS-2016 64275 declarations filed Rs 65250 Crore incomes declared in the form of cash and other assets. Number likely to go upwards-CBDT

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IDS-2016 64275 declarations filed Rs 65250 Crore incomes declared in the form of cash and other assets. Numbers likely to go upwards-CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 1st October, 2016. Press Release Sub: Income Declaration Scheme 2016 unearths

 

Revised ICDS-X Provisions contingent liabilities assets applicable from FY 2016-17 AY 2017-18 Download CBDT Notification 87/2016

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Revised ICDS-X provisions contingent liabilities assets applicable from FY 2016-17 AY 2017-18  CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided family

 

Revised ICDS-IV Revenue Recognition applicable from FY 2016-17 CBDT Notification

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Revised ICDS-IV Revenue Recognition applicable from FY 2016-17 AY 2017-18  CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided family

 

ICAI Clarification-auditors rotation SQC1-Companies Act 2013 differences.One time transition phase relaxation given for the financial year 2016-17

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ICAI Clarification-auditors rotation SQC1-Companies Act 2013 differences.One time  transition phase relaxation given for the financial year 2016-17 1. The Council of the Institute of Chartered Accountants of India (ICAI), at its 359th meeting held on September 16-17, 2016 considered an issue regarding the difference in requirements relating to the