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ICAI exam results will now be declared around 8.00 PM on 17.01.2018

January 17, 2018 903 Views 0 comment Print

It is hereby informed that the declaration of results of Chartered Accountants Final examination held in November 2017, Common Proficiency Test held in December 2017 and the ISA-AT held in December 2017, earlier scheduled at 2.00 PM on 17th January 2018, Wednesday, stands rescheduled.

Complete Analysis / Highlights of Companies (Amendment) Act, 2017

January 17, 2018 3405 Views 0 comment Print

The amendments under the Companies (Amendment) Act, 2017, are broadly aimed at: addressing difficulties in implementation owing to stringent compliance requirements; facilitating ease of doing business in order to promote growth with employment; harmonisation with the Accounting Standards, the Securities and Exchange Board of India Act, 1992 and the regulations made thereunder, and the Reserve Bank of India Act, 1934 and the regulations made thereunder;

Assessee needs to discharge initial onus in case of Commission to Related Party

January 17, 2018 2343 Views 0 comment Print

LOAN AND ADVANCES –Interest free funds available with the assessee is in excess of amount advanced to sister concern. There is no nexus between the interest bearing funds and the money so advanced to sister concern which has been established by AO. In view of the same, a presumption will arise in favour of assessee that interest free funds have been utilized for advancing such advance to sister concern. 

11 Faqs on Aadhaar clearing 11 Misconceptions about Aadhaar

January 17, 2018 33696 Views 18 comments Print

UIDAI has all my data including biometrics, bank account, PAN, etc. Will they be used to track my activities? Why am I being asked to verify and link my mobile numbers with Aadhaar?

Tax Saving Through Mutual Fund

January 16, 2018 6831 Views 1 comment Print

It is always better to plan your taxes in advance so that you can achieve the twin goal of maximizing wealth through investment and tax saving at once. Many a time, in an effort to save taxes at the last moment we end up buying such tax-saving instruments which are not useful in the long […]

CA Final and CPT result likely on 17th January 2018

January 15, 2018 3823 Views 0 comment Print

The results of the Chartered Accountants Final Examination held in November, 2017 and Common Proficiency Test (CPT) held in December, 2017 are expected to be declared on January 17, 2018 around 2.00 P.M. The results and the details of marks of Final Examination and Common Proficiency Test (CPT) will be hosted on the following websites:

Outsourcing of Duties & Responsibilities by Insolvency Resolution Professionals – A Massive Confusion

January 15, 2018 5055 Views 1 comment Print

A recent circular No. No. IP/003/2018 dated 03.01.2018 by IBBI puts virtually a complete ban on outsourcing of the activities required to be done for performing his duty and responsibility by nsolvency resolution professional. It states that – “It is hereby directed that an insolvency resolution professional shall not outsource any of his duties and responsibilities […]

E-Way Bill To Be Rolled Out Next Month For Easier Movement Of Goods

January 14, 2018 47289 Views 12 comments Print

The E-way Bill will be rolled out across the country from 1st February after which there will not be any need for separate transit pass from each state through which the vehicle is to pass as the E-way Bill or GST Bill will be valid throughout India for movement of goods, the GSTN informed today. […]

When the very basis of the reopening of the assessment having been eroded, notice under section 148 quashed in the case of Oracle

January 14, 2018 3642 Views 0 comment Print

When the very basis of the reopening of the assessment having been eroded, notice under section 148 quashed in the case of Oracle

What is the Right Time to Buy Term Insurance Plan?

January 12, 2018 5451 Views 1 comment Print

The short answer would be, “as early as possible.” But that doesn’t mean a child should also buy a term plan. There are various conditions that define the right time for anyone to buy a term life cover. For a clear understanding, it is important that you understand ‘what is term plan after all? And […]

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