Elections are normal in democratic institution. Our Electoral College is uniquely as it impact on both the power of governance of our Alma Mater ICAI and the relative power of member’s livelihood. We, the contestants are not different from others the only difference is that by accepting the challenge of election we have decided a step further. We are going to represent you as a model of true professional which combines the idea of the pivotal player in addition to our role of practicing member.
Every company shall prepare a return (hereinafter referred to as the annual return) in the prescribed form containing the particulars as they stood on the close of the financial year. If Financial of Company started before 01.04.2014 then Annual Statement will file in e-form 23AC, 23ACA for this financial year instead of AOC-4.
An auditor who is expected to make an independent report to a company’s members is well regulated through the company law. Its appointment, reappointment, ratification, resignation are well defined in Companies Act 2013. The independent auditor has a responsibility to his profession, the responsibility to comply with the standards accepted by his fellow practitioners. The professional qualifications required of the independent auditor are those of a person with the education and experience to practice as such.
No Capital Gain Chargeable to Tax on Sale of Asset acquired by way of Adverse Possession for any Cost of Acquisition u/s 55(2) despite Amendment in the Income Tax act in the year 1995 covering those assets which are having a NIL cost of acquisition. However the amendments still don’t cover the transactions on account of proceeds from reverse possession thus do not attract any capital gains.
You may come across the situation while filling forms of the company that you are not allowed filing in spite of compliance from your company secretary and your valid digital signature. You may see that an error message crops up as under:
The system and manner of conducting of Tax Audit u/s 44AB have changed drastically in recent time. We now in electronic age, thus have to file the Tax audit Reports by e filing. The journey of tax audit report started with manual filing, proceeded towards to No filing and now the present going on procedure […]
A professional fee is the price one pays as remuneration for our professional services. The said remuneration covers the overhead charges, costs of equipment used, staff salaries and mark up. The demands of the profession over the years have become much more complex in nature and much wider in scope because of day to day […]
Your attention has been drawn for seeking extension of the Tax Audit date of 30th September 2015 on a ground of totally unjustified expectations from the fraternity of Chartered Accountants to complete their job within 23 days against statutory availability of 183 days.
I would like to attract your attention for seeking extension of the Tax Audit date of 30th September 2015 as it is totally unjustified to look towards the fraternity of Chartered Accountants to complete their job within 23 days against statutory availability of 180 days.
The passing out with flying colors from the institute of Chartered Accountants of India in finals provides us two directions to explore , either to opt for a job in the corporate world and to start a public practice. It’s important to understand that this is a very important period of transition. Whether you are […]
