Our Prime Minister Mr Narendra Modi on 22nd January 2015 launched Sukanya Samriddhi Account as a part of the Beti Bachao Beti Padhao campaign. This account can be opened in any post office or authorized branches of a commercial banks. On this occasion our Prime Minister handed over bank account details to five girls under the 'Sukanya Samriddhi Yojna' (girl child prosperity … [Read more...] about Sukanya Samriddhi Account – Special Features and Tax benefits
Archives for January 2015
Monthly Stipend to articled assistants increased by ICAI – For CA students
A student pursuing chartered accountancy course has to undergo compulsory 3 years of training as an articled assistants under a chartered accountant in practice. As per ICAI regulations, chartered accountant under whose supervision such trainings are carried on are required to pay stipend to articled assistants. On 23rd January 2015 the Council, with the approval of the … [Read more...] about Monthly Stipend to articled assistants increased by ICAI – For CA students
CA final examination pass percentage – November 2014
Results of CA final examination held on November 2014 has been announced on 19th January 2015. Total 36254 number of candidates have appeared for both groups of CA final examination. Out of that 2983 candidates have cleared i.e. 8.23 % of total number of candidates appeared for both group of CA final examination. Similarly for group I and Group II of CA final examination … [Read more...] about CA final examination pass percentage – November 2014
Gross direct tax collection During April-December FY 2014-2015 is at Rs 546661 crores – up by 12.93%
Gross direct tax collection during April-December of the Financial Year 2014-15 is up by 12.93 percent at Rs 5,46,661 crore as against Rs 4,84,063 crore collected during the same period last year. Gross collection of Corporate tax has shown an increase of 12.79 percent and stood at Rs 3,50,494 crore as against Rs 3,10,754 crore collected during the same period last … [Read more...] about Gross direct tax collection During April-December FY 2014-2015 is at Rs 546661 crores – up by 12.93%
How to apply PAN card for a partnership firm in India
Partnership firm in India are governed by Partnership Act, 1932. In India anyone can form partnership firm either by writing a partnership agreement or by oral. For income tax purpose, partnership firm has to submit partnership deed as a proof of its existence along with PAN card application form 49A. Before applying you need to make sure that partnership deed is prepared … [Read more...] about How to apply PAN card for a partnership firm in India
CA intermediate or IPC examination dates for May 2015 announced by ICAI
Council of the Institute of Chartered Accountants of India has notified the dates for CA Intermediate or IPC exams for May 2015. Intermediate or IPC exams of ICAI for May 2015 will be held on 3rd May 2015, Sunday and will get over by 16th May 2015, Saturday. It will be on the afternoon session starting from 2 PM IST to 5 PM IST. IPC or Intermediate Groups Timing Dates … [Read more...] about CA intermediate or IPC examination dates for May 2015 announced by ICAI
CPT exam dates for June 2015 announced by ICAI
On 20th January 2015, ICAI has announced exam dates for CPT and CA final. CPT exams will be conducted across India in June 2015. As per the announcement of ICAI, the Common Proficiency Test or CPT will be held on Sunday, 14th June, 2015 in two sessions across India in 164 locations provided that sufficient number of candidates offer themselves to appear from each center. In … [Read more...] about CPT exam dates for June 2015 announced by ICAI
CS Atul Hasmukhrai Mehta elected as new president and CS Mamta Binani elected as new vice president of ICSI
CS Atul Hasmukhrai Mehta, a Fellow Member of the Institute has been elected as President of the Institute of Company Secretaries of India for the year 2015 w.e.f. 19th January, 2015. CS Atul Hasmukhrai Mehta is B.Com, BGL and a Fellow Member of the Institute of Company Secretaries of India. CS Mehta started his practice as founder of Mehta and Mehta in the 1996 and has … [Read more...] about CS Atul Hasmukhrai Mehta elected as new president and CS Mamta Binani elected as new vice president of ICSI
Where to incorporate or register a company in India
Registrars of companies or ROC are appointed under Companies Act with the primary duty of registering companies and LLPs in respective states and union territories. These ROC offices also ensure that such companies and LLPs comply with statutory requirements under the Companies Act 2013. The Central government exercises administrative control over these registrars of … [Read more...] about Where to incorporate or register a company in India
CBI arrests an Income Tax Officer For Accepting Bribe of Rs. One Lakh
The Central Bureau of Investigation has today arrested an Income Tax Officer, posted at Khatima, Udhamsingh Nagar (Uttarakhand) for demanding & accepting a bribe of Rs.One Lakh from the complainant. A case was registered on 12-01-2015 against Income Tax Officer, Income Tax Office, Khatima, Udhamsingh Nagar(Uttarakhand) on a complaint alleging that Income Tax Officer … [Read more...] about CBI arrests an Income Tax Officer For Accepting Bribe of Rs. One Lakh