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Archive: 02 April 2021

Posts in 02 April 2021

Guidance Note for CA Final (New) Examination, May 2021

April 2, 2021 9858 Views 0 comment Print

1. Ensure that you are filling the correct exam form. In other words, check the exam application form to see if it is related to Final (Old) course or Final (New) course, before you apply. 2. Detailed instructions for filling up the exam forms online are enclosed. Candidates are advised to read, understand and follow the instructions carefully while filling up the form. Please also read the FAQs for Online Forms Intermediate (IPC) / Final hosted on http://icaiexam.icai.org

GST Implication on Housing Society or Residential Welfare Association

April 2, 2021 14850 Views 0 comment Print

The definition of ‘Person’ in Section 2(84)(i) of the CGST Act, 2017 specifically includes a co-operative society registered under any law relating to co-operative societies. Thus a registered co-operative society is a person within the meaning of the term in the CGST Act.

Request for extension of time to file returns of income

April 2, 2021 51168 Views 53 comments Print

Request for extension of time to file the returns of income U/s. 139(4) of the Income-tax Act 1961 (the Act) – Unsatisfactory working of income tax computer portal and spread of another wave of Corona virus in certain parts of country

Can An LLP Do Financial Activity

April 2, 2021 37272 Views 1 comment Print

Limited Liability Partnership is a business entity which is registered with the Ministry of Corporate Affairs (MCA), it is also a body corporate and can do any business activities which are legal in India. The business includes trading, manufacturing, service provider, professional services etc. but certain activities cannot be adopted without prior approval of the […]

Corporate Social Responsibility (CSR) & Filing of Form CSR-1 with MCA

April 2, 2021 50559 Views 3 comments Print

Corporate Social Responsibility (CSR) The Companies Act 2013 (Companies Act) has introduced several new provisions which transpiration the squatter of Indian corporate business. One of such new provisions is Corporate Social Responsibility (CSR). The concept of CSR rests on the ideology of requite and take. Companies take resources in the form of raw materials, human […]

Branches can conduct physical/virtual batches of ICITSS & AICITSS

April 2, 2021 7437 Views 0 comment Print

Branches may conduct physical or virtual batches w.e.f. 1st April, 2021 for all the category of students for both ICITSS & AICITSS courses. Students appearing in May 2022 Final exam are permitted to attend virtual batches

ICAI: Extension for completion of Orientation Course/IT Training

April 2, 2021 834 Views 0 comment Print

Extension for completion of Orientation Course/IT Training by the eligible Intermediate students on or before 31st March, 2021 instead of on or before 31st December, 2020

ICAI Gets New Secretary

April 2, 2021 648 Views 0 comment Print

CA. Mukesh Kumar Jain has joined as Secretary of the Institute of Chartered Accountants of India (ICAI) today on April 1, 2021. Previously, Shri Jain was heading Oriental Bank of Commerce as MD & CEO.

Dynamic QR Code on B2C invoices under GST- Recent Changes

April 2, 2021 8475 Views 0 comment Print

All about Dynamic QR Code on B2C invoices- Latest Notification No. 06/2021 – Central Tax Dated- 30th March, 2021 The QR Story:- The story started for QR code as early as 28/June/2019, when for the first time, ‘QR’ found a mention in the Rule 46, as its 6th proviso. Interestingly, notification 31/2019 (CGST 4th Amendment […]

Distribution of Dividend under Companies Act, 2013 – FAQs

April 2, 2021 32193 Views 5 comments Print

The Operation of the company revolves around the presence of shareholders and the Directors of the company. The shareholders of the company provide Funds to the directors and the directors use these Funds to perform the business operations. The profits arising out of such business operations are distributed to the shareholders in the form of […]

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