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Many times in Reassessment proceedings very little importance & attention is paid to the timing of issue of notice under section 143(2). Section 143 of Income Tax Act is about Assessment, subsection 2 of section 143 talks about issue of notice in cases where return of income has been filed within the time limits specified […]...
Read MoreArticle explains Applicability of Audit under GST, Requirement of GST Audit, Furnishing of Documents under GST Audit, Types of GST Audit, Calculation of Turnover for F.Y. 17-18, Calculation of Aggregate Turnover under GST , Tenure of Retention of Accounts under GST , Auditor Qualification for GST Audit, Audit in case of multiple Branches,...
Read MoreCA Final Results have been declared on 16.01.2020 and like all attempts only few got through and rest have got another chance to study the subject again. Since last three days I have received over 350 messages via E-mail and WhatsApp and the common issue with most of Friends is Paper Number 5 of CA […]...
Read MoreCA Final Nov 2019 result has been declared yesterday and there would be many who would have not got the desired result this time. It is always very disheartening when you see negative result but the structure of the Chartered Accountancy course is such that number of students not qualifying is always more than number […]...
Read MoreAs you all know Copyrights Trademarks Patents etc are buzzing words of this decade.To elaborate IPR in India are broadly classified in five categories that is Copyright, Trademark, Patent, Designs, Geographical indication The biggest opportunity/advantage as well as the threat in IPR is that it is an intangible asset. For example if I ...
Read MoreIt is found that some candidates while filling the examination application form do not exercise reasonable care and commit errors and seek change of Centre/Group/Medium, on account of errors committed by them in their examination application forms, after submission....
Read MoreNew President and Vice President of the Institute of Company Secretaries of India (ICSI) for 2020. CS Ashish Garg, a Fellow Member of the Institute has been elected as President of the Institute of Company Secretaries of India for the year 2020 w.e.f. 19th January, 2020. CS Nagendra D Rao, a Fellow Member of the Institute has been elected...
Read MoreDeclaration of Result of CS Foundation Programme Examination December, 2019 The Result of CS Foundation Programme examination held on 28th and 29th December, 2019 would be declared on Saturday, the 25th January, 2020 at 11:00 A.M. The result along with individual candidate’s subject-wise break-up of marks will be available on the Instit...
Read MoreICSI Guidelines for Attire and Conduct of Company Secretaries, 2020 shall be applicable on all company secretaries appearing before any statutory body, courts, tribunals or quasi judicial bodies on behalf of their employer or their clients. ICSI Guidelines for Attire and Conduct of Company Secretaries, 2020 shall supersede the Guideli...
Read MoreICSI Guidance on Scale of Fees for Professional Services, 2020 contains inter alia the scope of various professional services and the guiding principles for fixing the scale of fee would ensure transparency between the client and the PCS and also pave the way for a just and reasonable scale of fees to be charged by […]...
Read MoreCBI Vs Devendra Chaturvedi (Special Court for CBI At Greater Bombay) - CBI Vs. Devendra Chaturvedi (Special Court for CBI at Greater Bombay) In nutshell, it is the allegation against accused that they conspired to cheat the Income Tax Department and in collusion with each other during the relevant period accused No.1 prepared income tax returns with the assistance of a...
Read MoreAkhil Krishan Maggu & Anr. Vs Deputy Director, Directorate General of GST Intelligence & Ors. (Punjab and Haryana High Court) - Similarly, arrest of Chartered Accountant or Advocates who had filed returns or otherwise assisted in business but are not beneficiary or part of fraud merely on the basis of statement without any corroborative evidence linking the professional with alleged offence should be avoided. It is well know...
Read MoreAnil Kumar Aggrawal Vs ICAI (Before the Appellate Authority) - Authority is of the view that further period of four months be given to the Institute to complete its entire proceedings on priority. The Institute is, however, burdened with penalty of Rs.50,000/- in each appeal payable to the Appellate Authority within 2 weeks from the date of receipt of this orde...
Read MoreWholesale Trading Service Pvt. Ltd. Vs ICAI (Delhi High Court) - Wholesale Trading Service Pvt. Ltd. Vs ICAI (Delhi High Court) Conclusion: Since Appellant-company was carrying on the activity of filing and pursuing complaints against various Chartered Accountants as an organised activity, independent of the objects for which it was incorporated, therefore, it wa...
Read MoreSSAY & Associates Vs ICAI (Delhi High Court) - Ssay & Associates Vs ICAI (Delhi High Court) Conclusion: Since the accounts filed with the Registrar of Companies for the years 2006-07 to 2008-09, that is, for the three years prior to the period for which KNA was appointed, had been audited by M/s Manu Sharma and Co. and therefore, there was n...
Read MoreRef. No.: G/128/1/2019-2020 - (14/01/2020) - 1. Under this scheme students are required to undergo a Practical Training for at least 15 months instead of 6 months. 2. This training scheme will be applicable for the students registering in Intermediate Course for the December 2020 term examination onwards....
Read MoreGovernment of India has taken major initiatives to bring development in the Union Territories of Jammu & Kashmir and Ladakh. The Institute of Company Secretaries of India aligning with the initiatives of the Government of India, and to achieve a growth process in which people from different walks of...
Read MoreNotification No. 13-CA (EXAM)/N/2019 - (14/08/2019) - ICAI declares Schedule of examination to be held in November 2019 for next Chartered Accountants Foundation Course {Under New Scheme}, Intermediate (IPC) {Under Old Scheme}, Intermediate {Under New Scheme} and Final {Under Old & New Scheme} Examinations, Examinations in Post Qualification Course...
Read MoreNotification No. 710/1(M)/1 - (06/08/2019) - The following draft of certain regulations, further to amend the Company Secretaries Regulations, 1982 which the Council of the Institute of Company Secretaries of India proposes to make, in exercise of the powers conferred by sub-section (1) of section 39 of the Company Secretaries Act, 1980 (56 of...
Read MoreE-Tender for Appointment of Concurrent Auditors for the year 2019-20 w.e.f. October 01, 2019 to September 30, 2020 by Reserve Bank of India, HRMD, CO cluster and CSBD, CO....
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