Community & General News
IT Dept clarifies role of CAs in nation building
17 November 2017 at 18:41PRESS RELEASEINCOME TAX DEPARTMENT, NASHIK It has come to the notice of the Income Tax Department that certain sections of the print media who covered the 'outreach programme' of the Income Tax Department conducted on 15/11/2017 has wrongly
Moody upgrades Sovereign Credit Rating of India to Baa2 from Baa3
17 November 2017 at 16:10Moody's Investors Service ("Moody's") has upgraded the Government of India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. India’s rating has bee
MCA revises AoC-4 Non-XBRL & AoC-4 XBRL (Non-Ind AS) forms
08 November 2017 at 10:35AoC-4 Non-XBRL and AoC-4 XBRL(Non-Ind AS) forms are being revised and likely to be notified on 7th November 2017 including therein demonetization related changes. Stakeholders may plan accordingly and file using only the revised forms w.e.f. 8th Nove
Investigation in cases of Paradise Papers
07 November 2017 at 10:27Investigations in cases of ‘Paradise Papers’ to be monitored through reconstituted Multi Agency GroupRevelations made today in the media under the name ‘Paradise Papers’ [based upon expose done by the International Consortium
Cases pertaining to Panama Papers
07 November 2017 at 10:27Pursuant to revelations made by the International Consortium of Investigative Journalists (ICIJ), a Washington based organization in April 2016 about certain Indians having linkages with entities in offshore no tax/low tax jurisdictions, the Governme
EOI for representation on independent evaluation committee of IBA
04 November 2017 at 11:39Request for Expression of InterestRepresentation on Independent Evaluation Committee of IBAReserve Bank of India mandated that in respect of all borrowing arrangement exceeding Rs. 250 crores, an Independent Evaluation Committee (IEC) would carry out
No separate application for PAN needed in MCA
03 November 2017 at 10:45As part of its continuous efforts for simplifying Incorporation related process for providing Ease of Doing Business to stakeholders, MCA will be dispensing with the requirement of separately uploading Forms 49 A& 49B after filing SPICe e-forms.A
Approval of framework for consolidation of Public Sector Banks
02 November 2017 at 10:44An Alternative Mechanism for consolidation of the Public Sector Banks (PSBs) has been constituted under the Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley. The composition of the Alternative Mechanism will be a
Provident fund to carry interest of 7.8% says Govt
25 October 2017 at 16:55General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% w.e.f. 1st October, 2017 to 31st December, 2017. The Government of India has announced that during the Financial Year 2017-18, accumulations at the credit o
MCA issues Notification and rules for Valuation by Registered Valuers
23 October 2017 at 11:08Ministry of Corporate Affairs issues Notification for commencement of Section 247 of the Companies Act, 2013 relating to Valuation by Registered Valuers ;. The Companies (Registered Valuers and Valuation) Rules, 2017, finalized after public consultat
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