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Archive: 03 November 2016

Posts in 03 November 2016

ICICI Prudential Balanced Advantage fund for Investors with moderate risk

November 3, 2016 7783 Views 4 comments Print

Returns on equity for the last few months have been very unstable. Most of the financial advisors are endorsing their clients to go for balanced funds. Balanced funds are outstanding options for investment for investors having moderate risk appetite, as they could provide great returns for investors having restricted downside risks.

Registration, Amendment and Cancellation under GST Law

November 3, 2016 31876 Views 5 comments Print

Every person who is registered under the earlier law shall be issued provisional Number and after submission of requisite documents , GSTIN shall be issued as prescribed.

How Will GST Impact on Education Services

November 3, 2016 13477 Views 1 comment Print

According to the Model law on GST which neither contains the exemptions nor the rates of taxation as of now, it appears that all services in relation to coaching and training would be subject to levy of GST as the scope of ‘service’ is very wide.

Exposure Draft- Amendments to Ind AS 7, Statement of Cash Flows

November 3, 2016 3214 Views 0 comment Print

Exposure Draft of changes proposed in Ind AS 7, Statement of Cash Flows, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

FAQ on term Infrequent number of sales or insignificant in value

November 3, 2016 1375 Views 0 comment Print

How should the terms ‘infrequent number of sales’ or ‘insignificant in value’ be interpreted and determined. Can indicative rebuttable thresholds be prescribed for sales that are more than insignificant in value?

Reg. Associations whose FCRA renewal application closed / Expired

November 3, 2016 3103 Views 0 comment Print

List of Associations whose FCRA registration was valid till 31/10/2016 and have not applied renewal by 30/06/2016. Their validity of registration deemed expired from 01/11/2016.

Focus on Quorum for Board Meetings

November 3, 2016 29419 Views 2 comments Print

The Directors of a company function and exercise most of their powers at periodical meetings of the Board. The meeting to be vaild has to comply with the provisions of the Companies Act 2013

Income Tax Dept staff requested to take Citizens Integrity Pledge

November 3, 2016 2416 Views 0 comment Print

The CVC has exhorted all Ministries/Departments / Organisations to encourage their customers/public and corporates /entities/ firms etc. to take Integrity Pledge.

Chartered Accountants Monopoly to practice GST Law is Undesirable

November 3, 2016 52468 Views 154 comments Print

To amend Section 42(4) of the Model GST Act in such a manner that the term ‘audit of accounts’ should be replaced with the words ‘compliance report’ and the GST Practitioner, Advocate, Cost Accountant, Company Secretary and Chartered Accountant be allowed to certify the said ‘compliance report’.

Customs Rate of exchange of foreign currency WEF 04.11.2016

November 3, 2016 2395 Views 0 comment Print

Rate of exchange of conversion of foreign currency WEF 04th November, 2016 notified vide Notification No.136/2016-Customs (N.T.)

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