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Archive: 09 October 2016

Posts in 09 October 2016

CA IPC and Final November 2016 Examination Admit Cards

October 9, 2016 1594 Views 0 comment Print

Admit cards in respect of candidates admitted to the Intermediate (IPC) and Final November 2016 examination, with their photographs and signatures on them, are hosted on icaiexam.icai.org

ICAI withdraws application Guide on Schedule II to Companies Act, 2013

October 9, 2016 1783 Views 0 comment Print

This is to mention here that since the authority of the Guidance Notes issued by ICAI is above than the Application Guides issued, the Application Guide on the Provisions of Schedule II to the Companies Act, 2013 is no longer effective and stands withdrawn from the date the Guidance Note on Accounting for Depreciation in Companies in the context of Schedule II to the Companies Act, 2013, became applicable

ICAI withdraw GNs on FBT & Revaluation Reserve for Issue of Bonus Shares

October 9, 2016 877 Views 0 comment Print

Withdrawal of two Guidance Notes on Accounting- 1. GN(A) 9 (Issued 1994) – Guidance Note on Availability of Revaluation Reserve for Issue of Bonus Shares 2. GN(A) 20 (Issued 2005) – Guidance Notes on Accounting for Fringe Benefits Tax

Peak Filing Preparation 2016- MCA 21

October 9, 2016 1720 Views 0 comment Print

ANNOUNCEMENT Sub: Peak Filing Preparation 2016- MCA 21 As you are aware it is time of peak filing of Balance Sheet & Annual Return under the Companies Act. To avoid last minute rush and system congestion on the MCA 21 portal on account of annual filings during October / November 2016, we are quite sure […]

Transaction approved by RBI & Govt not sufficient & assessee has to benchmark royalty payment separately

October 9, 2016 1579 Views 0 comment Print

The assessee did not benchmark the royalty payment separately. On enquiry by the TPO, it relied on RBI approval given in 1995 and also on the fact that the assessee earned a gross profit of 41.6%. TPO applied Press Note 9 (2000 series) and restricted it to 1% on the plea that the payment was for use of trademark without transfer of technology.

(I will is a) Self Motivation, (I can is a Self Confidence…)

October 9, 2016 2323 Views 0 comment Print

If you will not believe in yourself, then who will ?? It is not like thinking about world will follow you, it is about you will lead. One can have a role model for an inspiration but still I believe that nothing can change anything unless and until you do not get a voice from your heart to do anything or to achieve anything.

Truth in the Criminal Justice System.

October 9, 2016 2410 Views 0 comment Print

The Indian ethos accords the highest importance to truth. The motto Satyameva Jayate (Truth alone succeeds) is inscribed in our National Emblem Ashoka Sthambha. Our epics extol the virtue of truth. Gandhiji gave us truth – as the righteous means to achieve independence by launching the movement of Satyagraha

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