The Finance Bill 2013-14 proposes a surcharge of 10 per cent on persons whose taxable income exceed Rs. 1 crore per year. This will apply to individuals, HUFs, firms and entities with similar tax status. Presenting the Union Budget in the Lok Sa
ICAI e-Journal (March 2013)
It is my privilege as the 61st President of ICAI to formally welcome our accounting stakeholders that include our members, students and employees of the Institute.
Committee on Accounting Standards for Local Bodies The Committee on Accounting Standards for Local Bodies (CASLB), since its inception, has issued the following seven Accounting Standards for Local Bodies (ASLBs): 1. ASLB 1, ‘Presentation
1. Members are requested to note that the audit reports for audits of financial statements for periods beginning on or after 1st April 2012 are to be issued in the revised auditor’s report format, as prescribed in the Revised Standard o
The Economic Survey 2012-13 presented by the Union Finance Minister, Shri P. Chidambaram in the Lok Sabha today states that the Gross Tax Revenue in April-December, 2012 has grown year-on-year by 15% to reach Rs. 6,83,345 crore. This was higher th
More than 6 Per Cent Growth Forecast for Next Fiscal Considerable Enhancement for Social Sector Spending India on Verge of Creating Quality Jobs to Seize ‘Demographic Dividend’ Indian economy is likely to grow between 6.1% to 6.7%
The Income Tax Department intends to setup a web based „National Judicial Reference System (NJRS)‟ with the objective of improved litigation management. The NJRS will consist of a centralized, indexed and searchable repository of all direct
Honorable Union Finance Minister Shri P. Chidambaram dedicated the Centralized Processing Cell (TDS) at Aayakar Bhawan, Vaishali on 23rd February, 2013. The function was attended by Secretary (Revenue) Shri Sumit Bose, Secretary (Economic Affairs)
26 new passenger services, 8 DEMU services and 5 MEMU services to be introduced Frequency of 24 trains to be increased 72 additional services to be introduced
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