Community & General News


Cabinet approves Fugitive Economic Offenders Bill

 03 March 2018 at 12:22

01-March-2018 18:55 ISTPress Information BureauGovernment of IndiaMinistry of FinanceCabinet approves Fugitive Economic Offenders Bill, 2018Offences worth Rs.100 crore or more under the Bill Property of Fugitive Economic Offenders to be attachedThe U

Posted in Community & General |   1 comments |   2706 Views


Not prudent to draw conclusion against profession in PNB scam : ICAI

 26 February 2018 at 12:26

As per framework of governance, standard setting and disciplinary mechanism prescribed in the Chartered Accountants Act, 1949, a strong public interest oversight mechanism is inherent in ICAI structure since 8 Central Council Members on the Central C

Posted in Community & General |   2 comments |   8658 Views


Steps initiated by ICAI on Punjab National Bank Matter

 17 February 2018 at 17:42

The attention of Institute of Chartered Accountants of India (ICAI) has been drawn to various media reports highlighting the irregularity happened in Punjab National Bank (PNB) revealing that the Bank has detected a $1.77 billion (about Rs.11,400 cro

Posted in Community & General |   2 comments |   11151 Views


Budget 2018 puts a premium on honest investment

 14 February 2018 at 10:54

Union Minister of Railways Mr. Piyush Goyal today said that Budget 2018-19 proposals were aimed at removing the structural impediments to attain long term growth, a budget that rises above populism and puts a premium on honest investment towards buil

Posted in Community & General |   2892 Views


Premature closure of PPF may be allowed by Govt

 14 February 2018 at 10:54

Government of India makes Amendments in Small Savings Act; Proposes merger of Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 with the Government Savings Banks Act, 1873; All existing protections have been retained while

Posted in Community & General |   3804 Views


Direct Tax collection shows growth of 19.3 percent upto January

 10 February 2018 at 13:55

The provisional figures of Direct Tax collections up to January, 2018 show that net collections are at Rs.6.95 lakh crore which is 19.3% higher than the net collections for the corresponding period of last year. The net Direct Tax collections represe

Posted in Community & General |   2163 Views


FAQ regarding taxation on LTCG released by CBDT

 05 February 2018 at 12:23

21 FAQs on taxation of long-term capital gains proposed in Finance Bill, 2018

Posted in Community & General |   5 comments |   6345 Views


Clarification on 'Expenditure on Tax administration' in Union Budget 2018-19

 03 February 2018 at 14:10

In one of the Budget documents of the Union Budget 2018-19​,​“Budget at a glance” under the title ‘Expenditure on Government of India’, an expenditure of Rs.77,747 crore and Rs.10,5541 crore has been shown against the item &ld

Posted in Community & General |   2064 Views


Rates of income tax for income of AY 2018-19: Cess increased

 01 February 2018 at 15:08

DIRECT TAXESA. RATES OF INCOME-TAXI. Rates of income-tax in respect of income liable to tax for the assessment year 2018-19.In respect of income of all categories of assessees liable to tax for the assessment year 2018-19, the rates of income-tax hav

Posted in Community & General |   1 comments |   14055 Views


Payments exceeding Rs. 10,000/- in cash to be disallowed

 01 February 2018 at 13:56

Stricter controls over small cash flow by companies; Payments exceeding Rs. 10,000/- in cash made by such entities shall be disallowedPosted On: 01 FEB 2018 1:16PM by PIB DelhiIn order to control the cash economy and increase TDS compliance, the Unio

Posted in Community & General |   11235 Views



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