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Revised PAN & TAN application fees wef 16.06.2018
Refer to Circular No.: NSDL/TIN/2018/012 dated Jun 13, 2018, related to Revised PAN application fees .Income Tax Department (ITD) has decided to revise the PAN application fee to be collected from app...
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CBDT proposes amendments to Form No. 36, 36A and Rule 47
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 13th June, 2018PRESS RELEASEProposed amendments to Income-tax Rules, 1962 – Inviting comments of stak...
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How Dept. perfectly settled ₹7000 crore GST refunds in only 9 days?
How has the GST Department perfectly settled ₹7 thousand crore GST refunds in only 9 days?It is no exaggeration that our country is good to go to witness a kind of fiscal revolution. Obviously, the al...
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Assessment of CA Students after completion of 1st and 2nd year of practical training
The Council has decided to assess students after completion of first and second year of practical training with online MCQ based tests. These tests would examine the knowledge gained by the student du...
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Reinstating Fair Value Option (Amendments to Ind AS 40, Investment Property)
ED/ Ind AS/2018/07Exposure DraftAmendments to Ind AS 40, Investment Property(Last date for the comments: July 11, 2018)Issued byAccounting Standards BoardThe Institute of Chartered Accountants of Indi...
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Long-term Interests in Associates and Joint Ventures (Amendments to Ind AS 28)
ED/IndAS/2018/08Exposure DraftLong-term Interests in Associates and Joint Ventures(Amendments to Ind AS 28)(Last date for the comments: 11th July, 2018)Issued byAccounting Standards BoardThe Institute...
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Prepayment Features with Negative Compensation (Amendments to Ind AS 109, Financial Instruments)
ED/Ind AS/2018/05Exposure DraftPrepayment Features with Negative Compensation(Amendments to Ind AS 109, Financial Instruments)(Last date for Comments: 11th July, 2018)Issued byAccounting Standards Boa...
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Plan Amendment, Curtailment or Settlement (Amendments to Ind AS 19, Employee Benefits)
ED/Ind AS/2018/04Plan Amendment, Curtailment orSettlement(Amendments to Ind AS 19, Employee Benefits)(Last date for Comments: 11th July, 2018)Issued byAccounting Standards BoardThe Institute of Charte...
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Annual Improvements to Ind AS (2018) (Corresponding to Annual Improvements to IFRS Standards 2015–2017 Cycle issued by IASB)
ED/Ind AS/2018/06Exposure DraftAnnual Improvements to Ind AS (2018)(Corresponding to Annual Improvements to IFRS Standards2015–2017 Cycle issued by the IASB)(Last date for the comments: 11th July, 201...
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Regularization of promotion of officers to Principal CIT Grade
F. No. A-32011/3/2017-Ad.VIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New Delhi,Dated, the 11th June, 2018.Order No. 90 of 2018In continuation...
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The IBC (Amendment) Ordinance, 2018 and the Homebuyer
Please find below the Text of the Article written by the Union Minister, Shri Arun Jaitley on “The IBC (Amendment) Ordinance, 2018 and the Homebuyer” :“Post 1991 economic liberalisation, there has bee...
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Facebook to explain over reports of data sharing without consent
Press Information Bureau Government of IndiaMinistry of Electronics & IT 07-June-2018 17:56 ISTGovernment seeks explanation from Facebook over reports of data sharing without explicit consent. Recentl...
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Cabinet approves interventions to deal with current crisis in sugar sector
Press Information Bureau Government of IndiaCabinet Committee on Economic Affairs (CCEA) 06-June-2018 15:09 ISTCabinet approves interventions to deal with the current crisis in the sugar sectorIn orde...
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EOI to be in Panel to act as Interim Resolution Professionals
Insolvency and Bankruptcy Board of India7th Floor, Mayur Bhawan, Connaught Place, New Delhi-1100016th June 2018To,All Registered Insolvency Professionals(By mail to registered email addresses and on w...
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List of Indian Valuation Standards effective from 1st July, 2018
Indian Valuation Standards as issued by ICAI effective for the valuation reports issued on or after 1st July, 2018The Institute of Chartered Accountants of India (ICAI) issues Valuation Standards as a...
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Standard on Auditing (SA) applicable for Financial Year 2017-18 & 2018-19
This Article explains Standard on Auditing (SA) which are applicable for Audit of Financial Year 2017-18 and Financial year 2018-19.This Standard on Auditing (SA) establishes the independent auditor’s...
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Task Force on Shell Companies identifies 225910 more companies for being struck-off
Press Information BureauGovernment of IndiaMinistry of Finance08-June-2018 12:00 ISTTask Force on Shell Companies takes pro-active and coordinated steps to check the menace of shell companies • Compil...
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CBDT dedicates fortnight for pending appeal effect – rectification matters
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 7th June, 2018PRESS RELEASECBDT dedicates fortnight for pending appeal effect – rectification matters...
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Shifting of DGIT (Vigilance) to new premise
Shifting of Directorate General of Income Tax (Vigilance) to new premise at 2nd Floor, JLN Stadium – reg.Directorate General of Income Tax (Vig.)Dyal Singh Public Library Building1, Deen Dayal Upadhya...
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Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018
President Approves Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018.Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 provides significant relief to home buyers...