Measures taken to curb Black Money in Budget 2015-16

The Finance Minister, Shri Arun Jaitley signaled the government’s intent to curb generation of black money in real estate in the Budget 2015-16. Presenting the Budget in the Lok Sabha he proposed amendments in the Income Tax Act prohibiting acceptance or repayment of advance in cash of Rs....
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Banking Reforms

Performance of Public Sector Banks has remained sub-optimal so far.  The Government is taking various steps to improve the situation both on governance side and otherwise.  The focus of these reforms is to improve the quality of deliberations in bank boards, leading to better asset quality and further...
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Budget Highlights – Indirect Taxes 2015-16 by ICAI

BUDGET HIGHLIGHTS – INDIRECT TAXES CENTRAL EXCISE Rate of excise duty Education Cess and Secondary & Higher Education Cess leviable on excisable goods fully exempted. Further, standard ad valorem rate of excise duty increased from 12% to 12.5%. Amendments in the Central Excise Act, 1944 1. Section 11A...
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Benefits to Middle Class Tax Payers in the Budget 2015-16

Payments to the Beneficiaries Including Interest Payment on Deposit in Sukanya Samriddhi Scheme to be Fully Exempt The Union Minister of Finance Shri Arun Jaitley in his Budget Speech in Lok Sabha today proposed rationalization of various tax exemptions and incentives to reduce tax disputes and improve tax...
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Appointment for Concurrent Auditors – HUDA

Appointment of Concurrent Auditors Applications are invited from the reputed firms of Chartered Accountants registered/ empanelled with C.A.G. of India having atleast ten years experience from the date of its establishment, in the field of concurrent audit of Government agencies of the State/Central Government Departments/Boards/ Corporation/Banks etc. on...
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