CBDT Doubles Exemption Limit Conveyance Allowance

Vide Notification No. 39/2015/F. No.142/02/2015-TPL, CBDT doubled conveyance allowance from Rs. 800 per month to Rs. 1600 per month for employees to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty. Continue Reading

Companies (Auditor’s Report) Order 2015

Two days after ICAI Announcement on Applicability of CARO 2003 & Additional Reporting Under Companies Act 2013, Ministry of Corporate Affairs has notified Companies (Auditor’s Report) Order 2015. The said Order can be downloaded by clicking here –>> Companies_Auditors_Report_Order_2015

ICAI Announcement on Applicability of CARO 2003 & Additional Reporting Under Companies Act 2013

ICAI in its Announcement said that the Companies Act, 1956 has ceased to have effect from 01st April, 2014. As a corollary, even the Companies (Auditor’s Report) Order, 2003 issued under section 227(4A) of the said Act also ceases to Continue Reading

RBI notifies hike in FDI cap in insurance sector

The Reserve Bank of India (RBI) on Wednesday notified government’s decision to raise foreign direct investment (FDI) limit in the insurance sector to 49 per cent. “The extant FDI policy for insurance sector has since been reviewed and further liberalised. Accordingly, with Continue Reading

Interest rate of Sukanaya Scheme and 5 Year Senior Citizen Saving Scheme increased by 0.1% w.e.f. April 1, 2015

Government of India increased the interest rate on Sukanaya Scheme & 5 year Senior Citizen Saving Scheme by 0.1% w.e.f. 01 April 2015.   Source: PRESS RELEASE, DATED 31-3-2015 The Press Release can be downloaded by clicking here –> Sukanya Samriddhi Scheme Continue Reading