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The ICAI has prepared the Final Bank Branch Auditors' Panel of Chartered Accountants/ CA Firms (MEF) for the Financial Year 2016-17 and the same is hosted at MEFICAI website till 20 Jan. 2017. Thereafter the final panel will be sent to RBI. If you have any observations/ complaint, then please send an email at [email protected], on or before the said date.
CBDT prescribes Procedure for registration and preparation/ submission of statement of financial transactions (SFT) as per section 285BA of Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962 along with Nature and value of transactions to be reported.
AASB of the ICAI has invited comments from stakeholders on Exposure Draft of changes proposed in 'Ind AS 12 Income Taxes' for Recognition of Deferred Tax Assets for Unrealised Losses (Deductible temporary differences) latest by 20 Feb. 2017.
Indian Trade Classification (Harmonised System) of Import Items, 2017 [ITC (HS), 2017], i.e. Schedule-1 (Import Policy) comprising of 98 Chapters notified by the DGFT, applicable w.e.f. 17 Jan. 2017.
CBDT has issued Clarifications by way of 12 FAQs on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana (PMGKY), 2016 along with Explanatory Notes thereon.
Circular relating Clarification on Indirect Transfer provisions, applicable for FPIs, FIIs, VCFs and other stakeholders under Income Tax kept in abeyance by CBDT.
Govt. has amended PF Scheme 1952 to launch 'Employees Enrollment Campaign, 2017' during 1 Jan. 2017 to 31 Mar. 2017 to enroll eligible members who remained uncovered during 1 Apr. 2009 to 31 Dec. 2016 for any reason. Also the EPFO has prescribed Declaration Form for Employers for Enrollment of Members under the Campaign.
Consolidated FDI Policy Circular of 2016 is under review for formation of Policy for 2017, which would incorporate all the changes effected in FDI Policy so far. Therefore, the DIPP has invited comments/ suggestions from stakeholders latest by 27 Jan. 2017.
EPFO has allowed a grace period of 5 days for employers to deposit PF dues for Dec. 2016 (i.e. by 20th January, 2017) due to recent implementation of Unified Portal by EPFO from 23 Dec. 2016 and employers facing certain problems on the portal.
EPFO has allowed a grace period of 5 days for employers to deposit PF dues for Dec. 2016 (i.e. by 20th January, 2017) due to recent implementation of Unified Portal by EPFO from 23 Dec. 2016 and employers facing certain problems on the portal.
In view of CBEC's revised plan of migration of all service tax/ excise assessees from 7 Jan. 2017 onwards, a User's Guide for Migration to GST has been prepared by the CBEC.
The Government has launched new gst portal/ website (www.gst.gov.in) exclusively for GST. Existing Taxpayers of VAT, Service Tax, Central Excise, etc. (registered upto 31 Jan. 2016) have been advised to enroll at GST portal before 31 Jan. 2017. However subsequent registrants (1 Feb. 2016 onwards) may enroll at GST portal from 1 Feb. 2017 onwards.
Income Tax Deptt./ CBDT has issued Circular No. 1/2017 dt. 2 Jan. 2017 containing instructions about the applicable provisions and rates for TDS on payment of Salary u/s 192 of the Income Tax during the Financial Year 2016-17 corresponding to Assessment Year 2017-18.
The AASB of ICAI has invited comments/ feedback/ suggestions from the stakeholders on the exposure draft of Revised SA-720 Auditor’s Responsibilities Relating to Other Information, latest by 20 Feb. 2017
The AASB of ICAI has invited comments/ feedback/ suggestions from the stakeholders on the exposure draft of Revised SA-720 Auditor’s Responsibilities Relating to Other Information, latest by 20 Feb. 2017
The EPFO has released a set of 26 Clarifications by way of FAQs on the recently launched initiative named as Employees’ Enrollment Campaign, 2017 which is to be carried on during 1 Jan. 2017 to 31 Mar. 2017.
The EPFO has released a set of 26 Clarifications by way of FAQs on the recently launched initiative named as Employees’ Enrollment Campaign, 2017 which is to be carried on during 1 Jan. 2017 to 31 Mar. 2017.
Govt. has amended PF Scheme 1952 by inserting para 82A on Special Provisions for 'Employees Enrollment Campaign, 2017' to enroll members who were eligible for PF Scheme but were not covered during 1 Apr. 2009 to 31 Dec. 2016 for any reason and the Central PF commissioner has accordingly specified the requisite 'Declaration Form' to be furnished by the employer.
Govt. has amended PF Scheme 1952 by inserting para 82A on Special Provisions for 'Employees Enrollment Campaign, 2017' to enroll members who were eligible for PF Scheme but were not covered during 1 Apr. 2009 to 31 Dec. 2016 for any reason and the Central PF commissioner has accordingly specified the requisite 'Declaration Form' to be furnished by the employer.
CBEC has requested all Importers, Exporters and Custom House Agents to ensure that the classification of goods is in accordance with 'HSN 2017' while filing the 'Customs Declarations' for the goods to be imported or exported from 1 Jan. 2017.
CBEC has requested all Importers, Exporters and Custom House Agents to ensure that the classification of goods is in accordance with 'HSN 2017' while filing the 'Customs Declarations' for the goods to be imported or exported from 1 Jan. 2017.
In line with announcement made in the fourth bi-monthly Monetary Policy Statement 2016-17, the RBI has decided to introduce Interest Rate Options in India and has notified Interest Rate Options (Reserve Bank) Directions, 2016.