‘Proposal to reduce PF Contribution Rate from 12% to 10%’ rejected by CBT of EPFO
CBT of EPFO has rejected the proposal of reduction of rate of PF contribution, both by Employers and Employees, from 12% to 10% of the eligible salary, based on …
Updates
Revised CA Course (Education & Training) w.e.f. 1 July 2017: ICAI
ICAI has announced that Revised CA Course (Education and Training) will be implemented from 1 July, 2017 and onwards, however the students eligible under existing scheme can register upto …
MCA’s Exposure Draft of “Companies (Registered Valuer’s and Valuation) Rules 2017”
The MCA has invited comments/ suggestions on the exposure draft of "Companies (Registered Valuers and Valuation) Rules, 2017", which may be submitted, along with justification, latest by 27 June …
Submission of Statement of Financial Transaction (SFT): CBDT Clarification
CBDT has issued clarification that IT Section 285BA requires furnishing of a Statement of Financial Transaction (SFT) for transactions prescribed under IT Rule 114E. The due date for filing …
Add/ Register Representative at E-Filing Portal: User Manual by Income Tax Deptt.
The Income Tax Deptt. has issued User Manual explaining the procedure to be followed for utilising the new functionality “Add/Register as Representative” recently enabled on it's e-Filing portal. The …
ICAI’s Clarification and Guidance Note on Audit of Consolidated Financial Statements (Revised 2016)
ICAI's Guidance Note on Audit of Consolidated Financial Statements (Revised 2016 Edition) relating to procedures for preparation and presentation of consolidated financial statements under AS/ Ind AS, has been …
Revised Procedure of Online DVAT/ CST Registration; Disposal of Pending Cases
The DVAT Deptt. has reviewed the issue of large number of pending cases, where online applications have been received for registration under DVAT/ CST. Assessing Authorities have been directed …
GST Rates for Goods and Services | Exempt Items | Services under Reverse Charge
The GST Council, in its meeting held at Srinagar on 18 and 19 May 2017, has decided on many significant aspects for GST roll-out w.e.f. 1 July 2017, like …
MCA Appoints 1 Apr. 2017 as Effective Date for Sec. 2(d)(a) of IB Code, 2016
The MCA has appointed 1 Apr. 2017 as the date from which provisions of Section 2(d)(a) of the Insolvency and Bankruptcy Code, 2016 relating to voluntary liquidation or bankruptcy …
New LLP Rule 37(1A) for Filing of Overdue Returns in Form 8/ 11 before Striking Off Name
MCA Notifies LLP Amendment Rules 2017 applicable w.e.f. 20 May 2017. MCA has amended LLP Rules to insert New Rule 37(1A) relating to filing of overdue returns in Form …