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Common business contracts and how to get IFRS numbers

April 29, 2018 2385 Views 0 comment Print

This quick guide may be useful for professional accountants in practice or those working in Industry or Financial services firms like Banks/FIs, to calculate IFRS values for certain common business contracts which are usually high valued and significant in business operations, into the financial statements. So, here we go!

SC ask IBC and SEBI to join Process in ‘Ponzi scheme’ matter

April 29, 2018 7269 Views 6 comments Print

Explore the Supreme Court’s ruling on the alleged Ponzi scheme involving Citrus Check inn Limited and Royal Twinkle Star Club Limited. Learn about the intricate proceedings, challenges, and the Court’s perspective on the Insolvency and Bankruptcy Code (IBC) application, guiding the process.

Last date to file AOC-4 XBRL E-Forms further extended to 31.05.2018

April 27, 2018 1425 Views 0 comment Print

Last date of filing of AOC-4 XBRL E-Forms using Ind AS under Companies Act, 2013 for financial year 2016-17, without additional fee till 31st May, 2018.

Launch of Study Material for Executive Programme (New Syllabus 2017)

April 27, 2018 1635 Views 0 comment Print

The Institute of Company Secretaries of India with its ever evolving educational structure aims to incorporate each single development in every arena of corporate activity concerning this brigade of professionals to make them truly live up to the meaning of ‘intellectuals’.

Jaipur Development Authority is Govt Authority for Charging of GST: AAR

April 27, 2018 2316 Views 0 comment Print

In re TATA Projects Limited – SUCG Consortium (AAR Rajasthan) Issue- The issue involved in this case is, whether Jaipur Development Authority is covered under the status of Government Authority/ Entity or not? and the nature of Services provided under the contract are covered under Sl.no.3(vi)(a) of notification no. 11/2017-Central Tax (Rate) dt. 28th June […]

Life insurance and tax benefits

April 26, 2018 2766 Views 1 comment Print

Your life is your ultimate investment and the well-being of your family is your principal asset. And when you invest in Max life insurance policies you ensure an economically secured future for your beloved ones. There is a common perception that the premium which is paid towards the life insurance policies is completely free of […]

New Initiatives by EPFO to provide services and timely information

April 26, 2018 1041 Views 0 comment Print

It has now been decided to publish the age-band wise estimate of all new subscribers as declared by their employers. The new employees have been categorised in six age bands like less than 18; 18-21; 22-25; 26-28; 29-35 and more than 35 years of age.

2 Crore e-way bills generated from 1st April till 24th April, 2018

April 25, 2018 897 Views 0 comment Print

E-waybill implemented for inter-State movement of goods across the country from 1st April, 2018. More than 2 Crore e-way bills have been successfully generated from 1st April till 24th April, 2018. 16 states and 1 Union Territory have also adopted E-way Bill for intra-State movement of goods. These include Puducherry (UT) and 16 statesnamely Bihar, […]

Empanelment with Dena Bank of CA Firms for Concurrent Audit

April 25, 2018 60856 Views 1 comment Print

Dena Bank invites Applications for selection of CA Firms as Concurrent Auditors for the period July 2016 to June 2017. Members should submit their applications online on Bank website as per the format attached. The recipient/ respondent need not send the print out / hard copy of application.

Railway includes Cost Accountants to certify work sheet of tax liability

April 24, 2018 2964 Views 0 comment Print

Ministry of Railways has included Cost Accountants to certify work sheet of tax liability before GST and after GST to be submitted by contractors. Earlier only chartered accountants were allowed.

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