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NICAI Updates 10-Feb-2015

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  • NICAI Updates 10-Feb-2015

    Rebate u/s. 87A of the Income Tax Act is available to resident individuals for A.Y. 2015-2016/ F.Y. 2014-2015, whose total income does not exceed 5 lakh rupees in Financial Year 2014-2015.

    CBDT has notified ‘Safe Harbour Rules' for specified domestic transactions undertaken by government companies engaged in business of generation, transmission or distribution of electricity.

    Reduction in minimum export price on export of edible oils in branded consumer packs of up to 5 Kgs has been reduced to USD 900 per MT. Earlier it was USD 1100 per MT.[ Notification no. 108].

    65th Annual Function of ICAI will be held on 11th February, 2015 at 3.45 P.M. in Convention Hall, Hotel Ashok, New Delhi. CA Piyush Goyal, Hon'ble Union Minister to be Chief Guest.
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