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Archive: 21 November 2018

Posts in 21 November 2018

Engagement as Consultant in MCA and NFRA

November 21, 2018 1731 Views 0 comment Print

Seeking applications from CAs based in Delhi/NCR for engagement as Consultant in MCA and NFRA Ministry of Corporate affairs (MCA) and National Financial Reporting Authority (NFRA) invites applications from Chartered Accountants (CAs) based in Delhi/NCR having 2 to 5 years plus of post- qualification experience. The selected candidates will be engaged as Consultant in MCA […]

How to complain of fraud against companies?

November 21, 2018 31599 Views 8 comments Print

Complain of Fruad against Companies- The government, in order to encourage better compliance of the law, has introduced the form SCP (Serious Complaint Form) for reporting the serious complaints relating to the companies. This form can be filed on the website of the ministry of corporate affairs. The form can be downloaded by following the […]

Residential Staus as per Income Tax Act,1961

November 21, 2018 3285 Views 2 comments Print

In this article we are going to discuss about the residential status of a person as per Income Tax Act, 1961 which determines which income of an individual is taxable as per Indian Laws. Residential Status of any individual (Section 6) Basic Conditions (1) (2) (3) In case of an Indian Citizen who leaves India […]

Informal Guidance under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

November 21, 2018 7080 Views 0 comment Print

SEBI on 14th November, 2018 issued an informal guidance under SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011, which gives clarity on Off-Market Transaction.

Is The Current Law of Copyright Impeding The Free Movement of Knowledge and Information Across Cyberspace?

November 21, 2018 2991 Views 0 comment Print

Is The Current Law Of Copyright Impeding The Free Movement Of Knowledge And Information Across Cyberspace? ABSTRACT: Copyright is the indispensable remuneration for the creator’s work, by allowing every citizen to rightfully enjoy the fruits of their labour that created the work. It is considered as a theory which allows the production of works of […]

UAE VAT: Valuation of Supplies & Transitional Provisions

November 21, 2018 2229 Views 1 comment Print

Valuation of Supplies under UAE VAT Being a completely new form of indirect taxation there are many questions in the minds of the organizations. One of the most important questions is what is valuation of supply under VAT? What will be included in the value of taxable supply on which VAT is calculated? If the […]

Refund of pre deposit made U/s. 35F of CEA, 1944 and time bar U/s. 11B

November 21, 2018 29142 Views 0 comment Print

As per amendment to sec 35F, from Oct, 2014 the mandatory pre deposit of 7.5 and 10 percentage of tax demanded has been implemented. 2. The procedure on refund of this pre deposit at the end of winning the appeal is not yet notified.

Key Audit Matter – Introduction & Practical Approach

November 21, 2018 49866 Views 2 comments Print

CA Amogh Dongshanwar Introduction and meaning of Key Audit Matter With the introduction of new Standard on Auditing – SA 701 by Institute of Chartered Accountants of India (ICAI), the members of the ICAI have been entrusted with the new responsibility along with opining on the financial statements, to communicate the key audit matters (KAM) […]

Aspects to consider while buying your first home / buying a new house

November 21, 2018 2202 Views 1 comment Print

A new house spells new beginnings. This would be one of your biggest financial decisions till now and it would have an impact for a long time to come. Therefore, it is important to consider this decision carefully before embarking on purchasing the new house.

ICAI Survey on ‘State of the Internal Audit Profession in India’

November 21, 2018 900 Views 0 comment Print

Survey on the “State of the Internal Audit Profession in India” by Internal Audit Standards Board, ICAI – Seeking Member’s Inputs – (20-11-2018) SURVEY ON THE STATE OF THE INTERNAL AUDIT PROFESSION IN INDIA BY INTERNAL AUDIT STANDARDS BOARD, ICAI Dear Member, Internal Audit Standards Board (IASB) of The Institute of Chartered Accountants of India […]

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