Impact of Overdue Fees (Section 410.7) of New Code of Ethics of ICAI All CAs celebrate 1st July as CA Day but it is also celebrated by all doctors and Agriculturists. India is a leading agri-oriented country wherein agricultural sectors continue to remain the biggest employer since ancient times. Given the cyclical nature of agriculture, […]
Any SMP with Gross Annual fees income of Rs. 25L and manages to get any audit assignment from a mid-sized group with fees above Rs 5L then it was easily possible prior to 30/06/2020, since such assignment was less than 40% of total fees as per earlier code which had been in force since inception. […]
Being conservative professionals, many CAs have not taken loans and so, they are not eligible for any additional loans under Atmanirbhar package. We had repeatedly highlighted this issue to you since last couple of months with a request to make arrangements to offer fees relief to all CAs besides financial assistance through banks.
I pen down this with very deep pain and sense of agony in my mind after receiving calls and hearing from various practicing CAs that, day by day the situation of the Corona virus pandemic is taking serious shape and this is making the economic condition of the small and medium practicing CAs more critical day by day.
