Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

CA Exams May be postponed to June

There are speculations that the Institute of Chartered Accountants of India (ICAI) is likely to postpone the CA exams to be held in May to June due to the general elections 2019. 

Reportedly, during the national student convention held in Mumbai on 12.01.2019, it was announced by CA Dheeraj Khandelwal & Vandana D. Nagpal (Director of Board of studies, ICAI), Now CA Final & CA Inter (IPCC) exams will be held in Jun’19 instead of May’2019 due to Lok Sabha elections. 

The Lok Sabha (General) Elections 2019 are due to be held in India sometime around in April and May 2019 to constitute the 17th Lok Sabha. The tenure of the present Narendra Modi led NDA government is to be expired in May. 

Further Mr. Rajanath Singh said in an interview to the Hindu, that general Lok Sabha elections to be held as per schedule itself.

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