Category Archives: PIB

The Union Budget 2014-15 : Point by Point

  Union Finance Minister Sh. Arun Jaitely presented the Narendra Modi’s Government’s maiden Union Budget for the F.Y. 2014-15 on 10th July 2014. The Key highlights of the same are given below. FM: Two years of sub-5% growth has resulted … Continue reading

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Salary credit to non-resident external rupee account not taxable

  Indian employees working overseas often face litigation over taxation of their overseas salary income, if such salary is received in India. This is because a non-resident can be subjected to tax in India on that portion of the income … Continue reading

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Suspension of submission of Bills of Entry on ICEGATE On account of Vote on Account 2014

  Central Board of Excise and Customs notified that “On account of Vote on Account 2014, submission of Bills of Entry on ICEGATE will be stopped from 5.00 PM on 17.02.2014 till the changes brought under Vote on Account are … Continue reading

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ICAI Moots Changes in Accounting Standards for More Transparency

  In order to bring in greater transparency and clarity in financial reporting by India Inc, a slew of changes to the Indian Accounting Standards (Ind AS) has been mooted with respect to the presentation of financial statements, interim financial … Continue reading

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SMS to be Accepted Soon by Government Departments as Valid Document

Dated 24th December 2013 People may soon be able to use SMS communication with government departments as a documentary proof while utilizing citizen-services for making payments, registrations and various other schemes. The Centre on Monday, 23rd December 2013 launched a … Continue reading

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