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DIRECT TAXES UPDATES Recent circulars/ notifications/ rules/ clarifications/News ♦ CBDT extends limitation dates for passing of assessment or reassessment orders under the IT Act, that are getting time barred on 31st March, 2021 due to extension of limitation date by the notification dt. 31st December, 2020 has been extended to 30th Apr...
Read MoreEthical and Compliance failure cases reported in the year 2020 have only one common element: all those companies lacked a robust Compliance Based Ethical Culture in their organizations. It has become a pressing priority to safeguard the environment and smooth governance across the organizations. The media’s international presence is...
Read MorePrinciple of 80:20 is my favorite allocation for portfolio allocation Background The most common and first question comes to the mind of every person on the day he starts earning is where to invest savings and how should he invest so that he can reap maximum benefits out of the amount deployed by them. I […]...
Read MoreDigital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. As per Information Technology Act 2000 Digital signatures mean the authentication of any electronic record using an electronic method or procedure of mathematical scheme to verify the authenticity of digital docum...
Read MoreArticle contains updated with respect to Notifications, Circulars, Rules, Regulations issued in the Month of February 2021 by Ministry of Corporate Affairs (MCA), Securities Exchange Board of India, Updates of the Reserve Bank of India (RBI), Insolvency and Bankruptcy Board of India (IBBI) and also includes Recent Corporate News. Article ...
Read MoreBoard of Studies The Institute of Chartered Accountants of India 5th March, 2021 ANNOUNCEMENT Sub: Relaxation in the requirement to undergo 8 months Study Period to appear in November, 2021 Intermediate Examination in respect of students who had opted-out from November 2020 Examinations and opted for January 2021 examination after passing...
Read MoreIt has been decided to conduct Advanced ICITSS - Adv. IT Test – in Computer Based Mode (CBT) on Tuesday, the 12th January, 2021 from 10.30 AM to 12.30 PM (IST)....
Read MoreSpecial Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into Mutual Recognition Agreement (MRA) / Memorandum of Understanding (MoU)...
Read MoreICAI declares time table for next Chartered Accountants Foundation Examination to be held in June 2021 under New Scheme. Exam will be held on 24th, 26th, 28th & 30th JUNE 2021. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) Examination Department The Institute of Chartered Accountants of India 5th...
Read MoreIt is hereby notified that the last date of admission for CAT Course students stands extended up to 31st March, 2021 (Wednesday) for June, 2021 term of Examination....
Read MoreThe Institute of Chartered Accountants of India & Ors. Vs. Shaji Poulose & Ors. (Supreme Court) - The Institute of Chartered Accountants of India & Ors. Vs. Shaji Poulose & Ors. (Supreme Court) In the writ petitions, which are sought to be transferred, writ petitioners have challenged validity of Chapter VI of Guidelines No.1‑CA(7)/02/2008 dated 08.08.2008 issued by the Council of peti...
Read MoreV. Venkata Sivakumar Vs Institute of Cost Accountants of India (Madras High Court) - The issue under consideration is whether the petition filed by the CA for seeking to direct the Institute of Cost Accountants of India to use the acronym ‘ICOAI’ instead of ‘ICAI’ will be sustain by the High Court?...
Read MoreAmit Jain & Ors. Vs Union of India & Anr. (Supreme Court) - During the course of hearing, ICAI informed the Hon'ble Court that it had verified the position from the concerned examination centres and was informed by the said examination centres that they are not falling in any containment zones....
Read MoreCase : Bangalore water supply v/s A. Rajappa & Others Appellant : Bangalore water supply Respondent : A. Rajappa & Others Ref : AIR 1978 SC 553 Subject : Case is based on section 2(j) of Industrial Dispute Act 1947 – Definition Of Industry. Facts : A. Rajappa – employee of Bangal...
Read MoreV. Venkata Siva Kumar Vs Institute of Cost Accountants of India (Madras High Court) - The issue under consideration is whether the petition filed by the CA for seeking to direct the Institute of Cost Accountants of India to use the acronym ‘ICOAI’ instead of ‘ICAI’ will be sustain by the High Court?...
Read MoreNo. PR/62/17-DD/87/17-DC/918/18, No. PR/172/13-DD/178/13/DC/513/2017, No. PR/310/14-DD/329/14-DC/599/17, No. PR/154/14/DD/181/14/DC/433/15, No. PR/G-67/18/DD/70/18/DC/963/18, No. PR/43/15/DD/76/15/DC/511/16, No. PR/237/15-DD/261/15/DC/767/2018 - (15/02/2021) - On 15th February ICAI notified that it has removed name of 7 members from the Register of Members for the period of 15 days to Two Years depending upon the nature of Professional Misconduct. Full text of such notifications are given below- THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA Notification...
Read MoreC. N0. I(10)10/C.Tax/Audit-II/Law/Special Audit/2020/107 - (06/01/2021) - Provisions of erstwhile section 14AA of the Central Excise Act, 1944, Section 72 of the Finance Act, 1994 and current Section 66 of the Central Goods and Service Tax Act, 2017 provides for conduct of special audit of registered persons under Central Excise, Service Tax and GST Laws by practicing-Cha...
Read MoreCircular No. Trg-08/2020 - (30/12/2020) - Extension in the provision of making e-MSOP accessible to eligible students by relaxing the criterion of two years’ time bar up to 31.03.2021 The Institute Of Company Secretaries India ICSI/TRG/12/2020 30.12.2020 Circular No. Trg-08/2020 Department of Training Subject: Extension in the provisi...
Read MoreCircular No. Trg-09/2020 - (30/12/2020) - Extension of Last date for submitting the training Quarterly reports (4th Quarter) of trainees up to 31.03.2021 Institute of Company Secretary of India ICSI/TRG/12/2o2o 30.12.2020 Circular No. Trg- 09/2020 Directorate of Training Subject: – Extension of Last date for submitting the training Qu...
Read MoreF. No. 1-CA(7)/197/2020 - (10/12/2020) - ICAI vide its Draft Chartered Accountants (Amendment) Regulations, 2020 proposed changes to FORM ‘18’ related to PARTICULARS OF OFFICES AND FIRMS (See Section 2(2) of the Chartered Accountants Act, 1949, Regulation 53B and Regulation 190 of the Chartered Accountants Regulations, 1988). THE INSTI...
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Notification No. 13-CA (EXAM)/Advanced ICITSS/December, 2020 - (22/12/2020) -
