CA Members create your mail ID @icai.org

Members: Create your mail ID yourname@icai.org

Students: Create your mail ID yourname@icai.org

Disciplinary Proceedings against PW Delhi

ICAI Agreed to Withdraw Disciplinary Proceedings against Audit Firm PW Delhi

BANK AUDITS

ICAI & audit-firms - against-autonomy-to-govt-banks-in-choosing-auditors.

Leave Travel Allowance (LTA) for an employee

The Government will not sanction any Leave Travel Allowance (LTA) for an employee who uses personal car or taxi as mode of transport.

FAQ ASKED QUESTIONS BY NGOS

Qs. : Whether interest earned on investments of Corpus Fund is taxable or exempt from Income-tax ?

Ans : Interest earned on investment is treated as income of a trust or institution. Such income if applied to charitable purposes is exempt.

IT Exemption u/s 11 cannot be denied.....

· IT exemption u/s 11 cannot be denied merely on the grounds that the assessee serves alcohol in the club

Educational Institutes- Tax exemption

Educational institutes having multiple objectives, including imparting education, cannot be denied the benefit of income tax exemption, the Delhi High Court has ruled.